U.S. and Iran Agree to Resume Talks on Nuclear Deal
The United States and Iran will take part in talks next week in Vienna aimed at reviving the 2015 Iran nuclear agreement, the most extensive effort to shore up the accord Continue Reading
US and Iran to initiate indirect treaty talks on April 6
The United States will take the first steps toward indirect treaty talks with Iran on April 6 in Vienna as formal discussions begin with other nations involved in the 2015 Continue Reading
Job Growth in U.S. Topped 900,000 in March as Hiring Broadened
U.S. employers added the most jobs in seven months with improvement across most industries in March, as more vaccinations and fewer business restrictions supercharged the labor market recovery. Nonfarm payrolls increased Continue Reading
Some Freeze Issues Linger for Texas Refineries
Texas’s refining complex is mostly back from last month’s crippling cold blast, but lingering freeze-related issues continue to plague a number of production units. More than six weeks after the Continue Reading
U.S. Govt. Says Federal Land Drilling Program Is “Broken”
The federal program that grants companies the right to drill for oil and gas on federal land is “fundamentally broken” and will be reviewed, according to Interior Secretary Deb Haaland. Continue Reading
‘Record-breaking’ temperatures to bake Southwest U.S.; ‘critical’ fire weather conditions possible
It might be only April, but summer weather is already baking the desert Southwest and bringing triple-digit heat. Phoenix could hit 100 degrees this weekend as a record-breaking air mass Continue Reading
E.U. to chair meeting of world powers and Iran on U.S. rejoining nuclear deal
World powers will hold a virtual meeting with Iran on Friday to discuss “the prospect of a possible return of the United States” to the Iran nuclear deal, the European Continue Reading
U.S. manufacturing sector index races to 37-year high in March: ISM
A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that Continue Reading
US jobless claims rise to 719K as virus still forces layoffs
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses Continue Reading
Biden Infrastructure Plan Faces Test in Congress
President Biden’s $2.3 trillion infrastructure plan faces a contentious path on Capitol Hill, where Republicans criticized the proposed corporate tax increases as a nonstarter and some Democrats began to jockey for Continue Reading
Biden’s Recovery Plan Has an Unforeseen Consequence: More Demand For Oil
When President Biden yesterday unveiled his $2-trillion economic recovery plan, few in his immediate circle likely thought about oil. Yet, the plan will have a positive effect on oil demand Continue Reading
Rise in U.S. weekly jobless claims belies improving labor market conditions
he number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased Continue Reading
Robust U.S. employment growth expected in March, jobs deficit remains large
U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push this Continue Reading
Oil Demand Boosted By Highest Number Of Flights Since COVID Started
The number of commercial flights looks to have hit a post-pandemic high in the past days, outstripping the previous high from Christmas travel and potentially boding well for jet fuel Continue Reading
US oil, gas rig count rises 6 to 519 as Permian, Eagle Ford lead growth: Enverus
The US oil and gas rig count rose six to 519 in the week ended March 31, rig data provider Enverus said, as totals in the Permian Basin and Eagle Continue Reading
U.S. Gasoline Demand Climbs Above 2020 Levels
Gasoline sales in the U.S. exceeded 2020 levels for the first time this March after a tough year of decreased demand. Same-store sales of U.S. gasoline in gallons for the Continue Reading
US crude oil inventory draws resume as refinery demand surges: EIA
US crude oil inventories edged lower in the week ended March 26 as refinery demand tested one-year highs, US Energy Information Administration data showed March 31. Not registered? Receive daily Continue Reading
Coronavirus live updates: U.S. coronavirus fatalities pushed nation’s total deaths past 3.3 million last year
Coronavirus deaths in the United States last year fueled a rise in the nation’s mortality rate for the first time since 2017, the Centers for Disease Control and Prevention said in Continue Reading
Biden’s Climate Plan Means Tough Choices: Which Homes Get Saved?
President Biden’s $2 trillion infrastructure plan represents an enormous effort to protect Americans from climate change, but it sidesteps one of the most immediate and wrenching dilemmas: Deciding not just Continue Reading
Biden infrastructure plan boosts renewables outlook, puts oil and gas on notice
Plan includes $100 billion for power infrastructure Heavy EV, electrification focus seen at expense of oil, gas President Joe Biden’s $2 trillion infrastructure and energy plan would dramatically reshape the Continue Reading
Automakers Vow to Spend $250 Billion on U.S. Electric Vehicles
Automakers and parts suppliers are prepared to spend $250 billion on boosting the use of electric vehicles in the U.S., and called on the Biden administration to urge Congress to Continue Reading
U.S. Gasoline Prices Rose For 17 Straight Weeks As Oil Rallied
Before this week’s small decline, U.S. gasoline prices had increased for 17 consecutive weeks—the longest streak of rising national average gasoline prices since 1994, according to EIA’s surveys . As Continue Reading
Coronavirus live updates: Former Trump officials offer stark assessment of administration’s coronavirus response – The Washington Post
New coronavirus cases in the United States continued to rise in the past week, jumping by as much as 12 percent nationwide, as senior officials implored Americans to stick to public Continue Reading
Biden targets big offshore wind power expansion to fight climate change
The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and Continue Reading
Pfizer, Moderna COVID-19 vaccines highly effective after first shot in real-world use, -U.S. study
COVID-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80% two weeks or more after the first of two shots, according to Continue Reading
New U.S. COVID-19 cases rise for second week in a row
New cases of COVID-19 in the United States rose 9% to more than 431,000 last week, the first time since January that cases have increased for two weeks in a Continue Reading
Coal Country Races to Shield Itself From Biden’s Climate Plan
The Colstrip coal-fired power plant in eastern Montana, in 2008. Coal’s slow downfall is gaining momentum across the U.S. as clean energy becomes cheaper and wins widespread support, but lawmakers Continue Reading
Biden vows to expand vaccine access as CDC chief raises alarm
Joe Biden is moving to rapidly expand vaccination eligibility, warning Americans against complacency in the fight against the pandemic after a senior US health official said she felt a sense Continue Reading
Robots Could Replace Hundreds Of Thousands Of Oil And Gas Jobs By 2030
Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In Continue Reading
Why The U.S. Senate Is Looking To Support Carbon Capture And Storage
Two bipartisan bills introduced in the U.S. Senate aim to support carbon capture and storage technologies as part of a drive to reduce emissions. A bipartisan group of U.S. Senators Continue Reading
Biden Takes Aim at Reducing Emissions of Super-Polluting Methane Gas, With or Without the Republicans
Laurie Barr, co-founder of Save Our Streams Pennsylvania, searches abandoned oil wells for pollutants as an old pumpjack stands in the Allegeny National Forest near Marienville, Pennsylvania, on Monday, June Continue Reading
California Assemblymembers introduce bill phasing out gasoline-fueled small off-road engines
California Assemblymembers Marc Berman (D-Menlo Park) and Lorena Gonzalez (D-San Diego) introduced legislation to phase out the sale of new gas-powered small off-road engines (SORE), which are primarily used in Continue Reading
Blinken says aspects of U.S.-China ties are ‘increasingly adversarial’
U.S. Secretary of State Antony Blinken said on Sunday he sees “increasingly adversarial” aspects to the United States’ relationship with China. “There are clearly increasingly adversarial aspects to the relationship, Continue Reading
The World’s Other Major Shipping Pileup Is Still Clogging Trade
Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal threatens Continue Reading
New Trade Representative Says U.S. Isn’t Ready to Lift China Tariffs – WSJ
The U.S. isn’t ready to lift tariffs on Chinese imports in the near future, but might be open to trade negotiations with Beijing, according to U.S. Trade Representative Katherine Tai. In Continue Reading
Why Natural Gas Prices Are Unlikely To Break Out In The Short Term
The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring Continue Reading
USA Needs Much More Land for Solar Net-Zero Goal
Articles about solar power and a pair of LNG projects on two different continents ranked among the more popular articles last week among Rigzone’s downstream audience. Read on for details. Continue Reading
Under Biden, Democrats Are Poised to Raise Taxes on Business and the Rich
Democrats have spent the last several years clamoring to raise taxes on corporations and the rich, seeing that as a necessary antidote to widening economic inequality and a rebuke of Continue Reading
The Coal Plant Next Door
Georgia’s Plant Scherer and its neighboring pond, where the plant has dumped nearly 16 million tons of toxic coal ash. Mark Berry raised his right hand, pledging to tell the Continue Reading
US offers to help Egypt unblock Suez Canal
The US has offered Egypt assistance in unblocking the Suez Canal, as the head of the world’s largest shipping company warned that businesses reliant on just in time supply chains Continue Reading
Biggest Oil Lobby Throws Support Behind Carbon Pricing
The largest U.S.-based crude oil lobby has voted to support a measure that would tax or otherwise levy a price on carbon dioxide emissions. While surprising that the American Petroleum Continue Reading
Oil Lobby Backs Climate Action Plan
The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill Continue Reading
China Overtakes U.S. As World’s Largest Refiner
As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil Continue Reading
U.S. pledges to slash solar energy costs by 60% in a decade
The Biden administration on Thursday set a goal to cut the cost of solar energy by 60% over the next decade as part of an ambitious plan to decarbonize the Continue Reading
US jobless claims fall to 684,000, fewest since pandemic
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. Continue Reading
A new target in the US vaccine rollout: reluctant Republicans
For the past five weeks, nurses at Cobre Valley medical center in Globe, Arizona, have been vaccinating anyone aged 18 and over, after becoming one of the first places in Continue Reading
U.S. Oil Lobby Backs Carbon Fee as Substitute for Regulation
The American Petroleum Institute board voted Thursday to endorse putting a tax or other price on carbon dioxide emissions, a shift for the oil industry that could influence the Biden administration’s Continue Reading
Limetree Bay refinery on St. Croix will test Biden’s environmental justice promises
Two hours after midnight in this island paradise, a cloudy vapor rose from a massive oil refinery and floated over nearby homes as quietly as a ghost. The fine mist Continue Reading
Shrinking North American LNG field raises fear of ‘oligopolistic’ supplier future: panelists
Highlights Mismatch between available financing, quality projects Bankers encourage greater contract, distribution flexibility Houston — There is a mismatch between the amount of available financing and the number of quality Continue Reading
Leap in Gas Prices Puts $3 a Gallon in Sight
The prospect of summer drivers crowding U.S. highways is powering steep gains in the price of gasoline, a sign of economic recovery and a boon for the pandemic-ravaged energy industry. Lifted Continue Reading