Where Is Gasoline Cheapest in the USA?
The AAA gas prices website has revealed which state has the cheapest average regular gasoline price. The AAA gas prices website has revealed which state has the cheapest average regular Continue Reading
Biden heads to Mideast jittery about Iranian nuclear program
Joe Biden starts the first visit to the Middle East of his presidency with a monumental task: assuring uneasy Israeli and Saudi Arabian officials that he is committed to preventing Continue Reading
U.S. Inflation Reached a New Four-Decade High in June, Economists Estimate
U.S. inflation is estimated to have reached a new four-decade high in June, but falling gasoline prices and discounting at some retailers could be signs of moderating price pressures, economists Continue Reading
U.S. crude, gasoline stockpiles likely fell last week
U.S. crude and gasoline inventories were seen down last week, while distillate stockpiles likely rose, a preliminary Reuters poll showed on Monday. Five analysts polled by Reuters estimated on average Continue Reading
Texas Grid Nears Breaking Point as Heat Drives Up Demand
The Texas power grid is facing its biggest test of the year as scorching temperatures threaten to drive demand for electricity beyond the system’s breaking point. With electricity consumption projected Continue Reading
USA Gasoline Prices Keep Dropping
U.S. gasoline prices dropped again on Monday. U.S. gasoline prices dropped again on Monday, according to the latest figures from the AAA gas prices website. As of July 11, the Continue Reading
Industrial Bitcoin Miners Grind To Halt In Texas Amid Energy Shortage
Almost all of Texas’ industrial-scale Bitcoin miners have come to a halt as the state tries to stave off power blackouts amid an intense heatwave, Bloomberg reported on Monday. Bitcoin Continue Reading
USA Diesel and Gasoline Demand Slip
Stress lines in oil consumption are continuing to form. Across oil-consuming economies, stress lines in oil consumption are continuing to form amid tight product supplies and high pump prices. That’s Continue Reading
Texas grid operator asks users to conserve energy amid scorching heat
The operator of Texas’s power grid on Sunday called on state residents for the second time this year to conserve energy, warning of potential rolling blackouts amid predictions for record-high Continue Reading
Yosemite wildfire smoke chokes national park’s views and air quality
A wildfire threatening some of the world’s oldest giant sequoia trees in California’s Yosemite National Park expanded five-fold over the weekend as smoke prompted air quality alerts throughout the park Continue Reading
Ukraine’s Defense Minister Says It Has ‘Passed Test’ on New U.S. Guided Rockets, Needs More
Ukraine’s defense minister said his country has “passed the test” with its successful use of recently delivered American long-range artillery systems, but stressed the high attrition rate along its extensive Continue Reading
U.S. natgas futures drop 4% on rising output, lower demand forecast
U.S. natural gas futures dropped about 4% on Friday after soaring over 14% in the prior session on a slow rise in output and forecasts for less demand next week Continue Reading
Citgo ready to resume oil imports from Venezuela if U.S. authorizes
U.S. refiner Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington’s sanctions on its parent company PDVSA, if the U.S. government authorizes the flow, Continue Reading
US tells China its support for Russia complicates relations
China’s support for Russia’s war in Ukraine is complicating U.S.-Chinese relations at a time when they are already beset by rifts and enmity over numerous other issues, U.S. Secretary of Continue Reading
U.S. oil output slips 0.5% in April to lowest since February -EIA
U.S. crude oil production slid in April by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration on Friday. Oil production Continue Reading
US Job Gains Top Estimates; Jobless Rate Holds at 3.6%
Payrolls rose 372,000 in June, in line with prior months’ pace Participation rate eases as more Americans left labor force US Added 372,000 Jobs in June, Topping Estimates Sign up Continue Reading
Texas Power Grid Flirts With Record as Heat Bakes State
Texas grid operators braced for near-record electricity demand Friday as triple-digit heat blanketed most of the state, sending power prices soaring. Demand on the power grid was expected to peak Continue Reading
Gas Prices Have Fallen for 24 Straight Days. The Relief Might Only Be Temporary.
Analysts said the recent decline in gas prices is likely to be short-lived. The price of gasoline in the U.S. has fallen for 24 consecutive days after hitting a record Continue Reading
U.S. to send $400 million in weapons to Ukraine, including more HIMARS
U.S. President Joe Biden signed a new weapons package worth up to $400 million for Ukraine on Friday, including four additional high mobility artillery rocket systems (HIMARS) and more ammunition. Continue Reading
US College Students Are Shunning Oil-Industry Degrees for ESG Future
Scott Lindberg’s dream of becoming a petroleum engineer was fueled by childhood drives through Texas oil country with his energy-consultant father, passing pumpjacks and pipeline hubs that kept the world’s Continue Reading
Why Is The U.S. Sending Its Emergency Oil Reserves To China?
The United States is exporting millions of barrels of oil from its emergency oil reserves to Europe and Asia. “The SPR remains a critical energy security tool to address global Continue Reading
Gasoline Prices See The Largest Drop In Nearly 15 Years
While gasoline prices are still $1.50 higher per gallon than they were this time last year, they fell sharply overnight in what was the largest one-day drop in nearly 15 Continue Reading
Decreasing Oil Prices Push Pump Prices Lower
Since Monday, the national average for a gallon of regular gasoline has decreased by a nickel to $4.75. According to new data from the Energy Information Administration (EIA), gas demand Continue Reading
U.S. natgas futures jump 14% on small storage build, hot weather
U.S. natural gas futures jumped about 14% on Thursday to their highest in a week, supported by a much smaller-than-expected storage build last week as power generators burned lots of Continue Reading
Big Cities Can’t Get Workers Back to the Office
Concerns about safety, including on public transportation, have contributed to a reluctance to go back to the office. Soon after a gunman shot and killed a Goldman Sachs Inc. employee Continue Reading
US crude stocks show surprise build on weakened refinery demand, strong imports
Commercial crude stocks climb 8.23 million barrels Refinery demand drops 230,000 b/d Gasoline stocks draw ahead of July 4 holiday US crude oil inventories realized a counter-seasonal build during the Continue Reading
US working natural gas in underground storage rises by 60 Bcf: EIA
Deficit to five-year average trimmed to 12.2% Injection undershot survey expectations of 73 Bcf NYMEX Henry Hub August soars in post-report trading US natural gas working stocks rose by 60 Continue Reading
US hiring was likely solid in June despite recession fears
U.S. employers likely downshifted their pace of hiring in June, but to a level that remains solid despite fears that the economy faces the growing risk of a recession . Continue Reading
Chuck Schumer, Joe Manchin work to clinch deal on climate and energy – The Washington Post
Democratic leaders are racing to finalize a revised proposal to tackle climate change and jump-start the nation’s transition to clean energy, part of a larger sprint to strike a deal Continue Reading
ERCOT peakload records, Texas wind output may fall July 8-12; gas burn may fill in
Highlights Triple-digit high temperatures forecast Day-ahead trading up sharply Power burn likely above five-year average The Electric Reliability Council of Texas on July 7 forecast record peakloads July 8-12, as Continue Reading
US levels new Iran sanctions aimed at oil, petrochemicals exports to China
Treasury targets UAE, Hong Kong entities tied to Iran sales Apparent attempt to raise pressure after latest nuclear talks Chances of JCPOA deal remain slim as US midterms loom The Continue Reading
Texas power use to keep breaking records as heatwave lingers
Power demand in Texas hit another all-time high this summer on Tuesday and will likely keep breaking that record all week as economic growth boosts overall use and homes and Continue Reading
Stocks, oil struggle to hold ground as minutes show Fed rally around rate hikes
Wall Street ticked upward while oil continued to slide on Wednesday as investors juggled concerns over inflation versus a recession after Federal Reserve minutes showed officials rallied around a large Continue Reading
US Jobs Report to Show ‘Natural Slowdown’ But Not Broad Weakness
US employers are forecast to have added the fewest jobs in over a year in June, but economists say that slowdown isn’t concerning. At least not yet. The jobs report Continue Reading
Nuclear Power Gets New Push in U.S., Winning Converts
Driven by the difficulty of meeting clean energy goals and by surging electricity demands, a growing number of political leaders are taking a fresh look at nuclear power — both Continue Reading
Governors Hochul and Murphy to Split Cost of Gateway Tunnel
For the last 20 years, the plan to dig new train tunnels under the Hudson River — among the most ambitious and important transportation projects in the country — has Continue Reading
China and US Discuss Trump-Era Tariffs Biden’s Looking to Ease
:Yellen and Chinese Vice Premier Liu discussed US economic sanctions and tariffs. Bruce Einhorn reports. Bloomberg News Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid Continue Reading
If the U.S. Is in a Recession, It’s a Very Strange One
The first half of 2022 looks like a ‘jobful’ downturn, in which output fell and companies kept hiring. The U.S. economy has experienced 12 recessions since World War II, and Continue Reading
Biden Might Soon Ease Chinese Tariffs, in a Decision Fraught With Policy Tensions
WASHINGTON—by competing policy aims: addressing inflation and maintaining economic pressure on Beijing. People familiar with the situation say what comes next has been pending with Mr. Biden in recent weeks Continue Reading
U.S. LNG exports fall to lowest since Feb after Freeport explosion -data
U.S. exports of liquefied natural gas (LNG) in June fell to the lowest in four months, data from Refinitiv Eikon showed, after the country’s second-largest LNG plant was shut by Continue Reading
Shippers lobby Biden as dreaded West Coast port labor contract expiry looms
More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port labor talks ahead of Continue Reading
U.S. factory activity slows to two-year low as clouds gather over economy
U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid Continue Reading
As Federal Climate-Fighting Tools Are Taken Away, Cities and States Step Up
Legislators in Colorado, historically a major coal state, have passed more than 50 climate-related laws since 2019. The liquor store in the farming town of Morris, Minn., cools its beer Continue Reading
Biden releases five-year offshore leasing plan Friday
President Biden’s administration opened the door Friday to more offshore oil and gas drilling in federal waters over the next five years, setting a potential course for future U.S. fossil fuel extraction Continue Reading
US Interior proposes up to 11 offshore oil, gas lease sales in 2023-2028
The Biden administration proposed July 1 offering oil and natural gas drillers no more than 10 lease sales for offshore Gulf of Mexico acreage and a single auction for Alaska Continue Reading
The Supreme Court Tries to Overrule the Climate
Credit where due: the Supreme Court’s 6–3 ruling in West Virginia v. E.P.A. is the culmination of a five-decade effort to make sure that the federal government won’t threaten the Continue Reading
Peak hurricane season looms with no room for U.S. refining outages
A busy Atlantic hurricane season and tight fuel supplies could further strain U.S. refiners who already have the lowest oil-processing capacity in eight years, analysts warned, adding this would boost Continue Reading
U.S. regulator bars restart of Freeport LNG plant amid unsafe conditions
A U.S. pipeline safety regulator on Thursday said it found unsafe conditions at a Texas liquefied natural gas export facility and will not allow owner Freeport LNG to restart the Continue Reading
Biden administration drilling plan may exclude all waters beyond Gulf of Mexico
The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Continue Reading
U.S. natgas plunge 17% as Freeport LNG outage leaves more fuel for storage
June 30 (Reuters) – U.S. natural gas futures plunged about 17% on Thursday to a three-month low as the shutdown of Freeport LNG’s liquefied natural gas (LNG) export plant in Continue Reading