U.S. Proved Oil Reserves Slip 19% In 2020
Proved oil reserves in the United States slipped 19% over the course of 2020, from 44.2 billion barrels to 35.8 billion barrels, according to fresh data from the Energy Information Continue Reading
New cold front moves into US Northeast, Midwest with unequal effect on spot gas prices
Northeast spot gas prices soar in Jan. 13 trading Midwest spot gas prices register a tepid response Another arctic cold front was forecast to push south from Canada into the Continue Reading
Russia Says Nuclear Talks Are Making Progress: Iran Snapshot
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Russia said nuclear talks were “moving forward,” in the latest possible sign of Continue Reading
U.S. criticizes China over canceled flights
The Biden administration on Wednesday criticized China’s decision to cancel a growing number of flights from the United States to China because of passengers who later tested positive for COVID-19 Continue Reading
U.S. Inflation Hit 7% in December, Fastest Pace Since 1982
U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up Continue Reading
Democrats worry Biden could pay the political price for rising inflation – The Washington Post
President Biden and his advisers for months predicted inflation would be only transitory, a temporary problem that would fade as the economy rebounded and as supply chain issues were alleviated. Continue Reading
Summary of Weekly Petroleum Data for the week ending January 7, 2022
U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending January 7, 2022 which was 293,000 barrels per day less than the previous week’s average. Continue Reading
U.S. Oil Production To Hit New Record In 2023
With oil prices now sitting comfortably above $80, the EIA believes U.S. oil production will break new records in 2023 While the EIA forecasts record annual production, it does not Continue Reading
U.S. Natural Gas Sees Its Best Ever Start To The Year
Cold temperatures that have increased the demand for heat have catapulted U.S. natural gas futures to their strongest start to a year yet. Year to date, February futures rose 27%–a Continue Reading
The U.S. Spent $1.1B On Failed Carbon Capture Projects In A Decade
The U.S. Department of Energy has spent $1.1 billion on 11 carbon capture projects at coal-fired power plants and industrial facilities since 2009, most of which turned out to be Continue Reading