US Treasury secretary Janet Yellen said the move by Opec+ to cut oil production was “unhelpful and unwise” for the global economy, particularly emerging markets already struggling with high energy Continue Reading
U.S. President Joe Biden and Saudi Crown Prince Mohammed bin Salman attend an Arab summit, in Jeddah, Saudi Arabia, July 16, 2022. REUTERS/Evelyn Hockstein/File Photo WASHINGTON/LONDON, Oct 8 (Reuters) – Continue Reading
The United States averted a national freight rail strike a few weeks ago, when the Biden administration stepped in to broker a deal between rail companies and their union employees. Rail workers Continue Reading
One central theme that comes to mind is the impact of higher natural gas prices and, by extension, power prices. Americans will soon see higher gasoline prices at the pump Continue Reading
The OPEC+ organization’s decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal Continue Reading
The Biden administration on Friday announced sweeping new limits on the sale of semiconductor technology to China, a step aimed at crippling Beijing’s access to critical technologies that are needed Continue Reading
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. Continue Reading
A barge travels along the Mississippi River in Memphis, Tennessee, in 2021. Photographer: Houston Cofield/Bloomberg The Mississippi River is a vital US waterway that ferries key commodities between the heart Continue Reading
Some claim that the United States became energy independent under Trump, and then lost it under Biden. Energy independence is defined as producing more energy than we consume. The United Continue Reading
Highlights US corn less competitive amid logistical issues on the Mississippi River Total commitments for 2022-23 dropped 50% on the year, 42% below the five-year average CIF New Orleans corn Continue Reading
Highlights 129 Bcf injection well above 114 Bcf analyst forecast Deficit to five-year average at nine-month low US natural gas injections totaled 129 Bcf in the week ending Sept. 30, Continue Reading
President Biden praised Floridians’ “grit” in the aftermath of Hurricane Ian during a visit to Fort Myers Beach on Wednesday. He met with Gov. Ron DeSantis and surveyed the damage Continue Reading
Flush with recent battlefield successes, Ukrainian officials are pressing their case for acquiring longer-range missiles to strike deeper into Russian-held territory, including Crimea, raising questions about how aggressively the Biden Continue Reading
While job openings are coming down, they’re still extremely elevated. Photographer: Al Drago/Bloomberg US companies hired at a solid clip in September, suggesting demand for workers remains healthy despite rising Continue Reading
The U.S. services industry slowed modestly in September while employment surged and a measure of prices paid by businesses for inputs fell to more than a 1-1/2-year low, suggesting underlying Continue Reading
Californians on the cusp of paying record-high pump prices may be in for some relief. Wholesale gasoline premiums in Los Angeles and San Francisco plunged Wednesday to the lowest levels Continue Reading
Prices vary widely across the country, with California’s average at $6.425 a gallon. U.S. gasoline prices are ticking up after a roughly 100-day decline, threatening to inflict new pain on Continue Reading
The newest US exporter of liquefied natural gas has signed a deal to increase exports to Germany, one of a flurry of sales to Europe amid a scramble to replace Continue Reading
Manufacturing growth in the United States slowed in September to its lowest rate since the pandemic recovery started Global maritime trade growth is slowing in a sign that the global Continue Reading
A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, After a tumultuous year, U.S. gasoline prices have been steadily Continue Reading
The White House is up in arms to try and prevent a potentially major production cut in OPEC+ just a month before midterm elections when the current administration least needs Continue Reading
The largest U.S. oil trade groups said on Tuesday that they have “significant concerns” that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top Continue Reading
Hurricane Ian hit the Florida coast last week, leaving huge amounts of damage and a large death toll in its wake. Governor Ron DeSantis is piecing together recovery efforts while Continue Reading
U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates Continue Reading
The Group-of-Seven industrialized economies are within weeks of announcing a formal cap on the price of Russian oil, according to a US Treasury official. The step will be announced “substantially Continue Reading
The U.S.’s new tax-break scheme for electric vehicles has drawn angry responses from the country’s key allies in Asia and Europe, highlighting a tension between government support for the domestic Continue Reading
The White House intends to keep LNG exports to Europe flowing through winter. American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply and Continue Reading
America’s gross national debt exceeded $31 trillion for the first time on Tuesday, a grim financial milestone that arrived just as the nation’s long-term fiscal picture has darkened amid rising Continue Reading
US coal prices surged past $200 for the first time as a global energy crunch drives up demand for the dirtiest fossil fuel. Spot prices for coal from Central Appalachia Continue Reading
Federal, state aid expected to ease much of the financial blow But localities choosing debt face struggling muni-bond market Damaged homes following Hurricane Ian in Matlacha Isles, Florida, on Oct. Continue Reading
U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand Continue Reading
The Biden Administration has once again floated the idea of limiting U.S. fuel exports in order to ease the pressure on consumers at the pump. Oil and gas industry groups Continue Reading
U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of Continue Reading
. With so many crises going on in the world right now — Hurricane Ian, suspected sabotage of the Nord Stream pipeline, the war in Ukraine — it can be Continue Reading
A dealership lot in Miami Lakes, Fla., for used-car retailer CarMax, which says high prices, inflation and rising interest rates are slowing demand. Auto executives for months have expressed confidence Continue Reading
The global energy crisis may finally be coming to America. As Europe scrambles to secure LNG supplies, American companies are racing to lend a hand. With more American LNG flowing Continue Reading
Brandon Parrum, general manager of CarMax’s Des Moines store, shows off one of the many vehicles that customers can arrange to buy online and collect at the store using “contactless” Continue Reading
A boat storage facility damaged following Hurricane Ian in Venice, Florida. Hurricane Ian will cause $63 billion in losses covered by private US insurers, according to an estimate from a Continue Reading
Oil demand in the US soared during the summer, even as higher pump prices forced many Americans to cut back on driving. Overall petroleum supplied, a proxy for demand, posted Continue Reading
A flooded house following Hurricane Ian in Fort Myers, Florida. Photographer: Eva Marie Uzcategui/Bloomberg Hurricane Ian will continue to wreak damage on Florida’s crops even as it moves to other Continue Reading
Trying to stay afloat during years of drought conditions , New Mexico farmer Nathan Jurva has rented out RV hookups on his land, sold some of his water to oil-and-gas Continue Reading
Florida is beginning to assess the damage caused by Hurricane Ian. The storm left millions of Floridians without power, and sparked fuel shortages across the state. FedEx, UPS, U.S. Postal Continue Reading
The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices Continue Reading
Biden: It Will Take Years to Rebuild Florida After Hurricane Ian South Carolina’s oyster suppliers may face weeks of delays in harvesting due to disruptions caused by Hurricane Ian . Continue Reading
Some Florida residents in areas hardest hit by Hurricane Ian face the prospect of being without power for more than a month. Lee County Electric Cooperative , a local utility Continue Reading
Senior Biden administration officials pressed executives from some of the largest US gasoline producers to curtail overseas sales during a tense meeting Friday afternoon, suggesting that without voluntary action, the Continue Reading
U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Major indexes have sustained deep losses this year Continue Reading
Hurricane Ian: DeSantis Says This a 500 Year Flood Event Major ports and rail facilities across the US Southeast have halted operations as one of the strongest hurricanes to ever Continue Reading
Chesapeake monitoring LNG projects in mid-Atlantic US LNG exports forecast at 22 Bcf/d by 2027 US natural gas producers are keeping a close watch over efforts to launch new LNG Continue Reading
Supply chain issues are plaguing the auto industry. Ford is in the midst of a parts shortage that has impacted 40,000-45,000 vehicles. Models affected are primarily “high margin trucks and Continue Reading
