Highlights Gasoline stocks draw 2.42 million barrels Demand jumps 6% on week Refinery utilization drops 3 points amid unplanned outages A steep decline in refinery utilization and rising demand contributed Continue Reading
The Bureau of Safety and Environmental Enforcement (BSEE) revealed Tuesday that it has activated its hurricane response team and that it is monitoring offshore oil and gas operators in the Continue Reading
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
Hurricane Ian Could Cause Billions in Damage in Florida Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Continue Reading
Pump Jacks extract crude oil in Midland, Texas. Photographer: Angus Mordant/Bloomberg The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF Continue Reading
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could Continue Reading
U.S. exports of petroleum products jumped by 11% to a record 6 million barrels per day (bpd) in the first half of 2022, with exports growing at their fastest pace Continue Reading
US refining margins ticked up across the nation following a spate of unplanned refining fiascos, the beginning of seasonal turnarounds, and a pick-up in Atlantic Basin storm activity which could Continue Reading
Stadler Rail AG, a leading manufacturer of rolling stock, has ordered six 100 kW FCmove-HD+ fuel cell engines from Ballard Power Systems to power the first hydrogen train in the Continue Reading
The U.S. wind energy market is set for explosive growth, with the Biden Administration aiming to rival European and Asian markets for the renewable energy source. The Biden Administration is Continue Reading
Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the Continue Reading
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
A driver holds a fuel nozzle at a gas station in Sacramento, California. Photographer: David Paul Morris/Bloomberg The US is running low on gasoline on the West Coast and in Continue Reading
Confidence is increasing that a tropical storm developing in the Caribbean will intensify into a hurricane by Monday and strike Florida around Wednesday. The National Hurricane Center declared that the Continue Reading
The Strategic Petroleum Reserve, which was established in 1975 as a reaction to the 1973 oil embargo, is now at its lowest level since December 1984. Ultimately, the SPR is Continue Reading
Highlights Plan supports 2030, 2050 SAF production goals Output of 60 billion gal/year of advanced biofuels seen possible Aviation industry shows support for new roadmap The departments of Energy, Transportation Continue Reading
Forecasters indicate the U.S. could see a strong hurricane enter the Gulf of Mexico by mid-week. (The views and opinions expressed in this article are those of the attributed sources Continue Reading
The United States is not currently considering a ban or restrictions on oil products exports, U.S. Energy Secretary Jennifer Granholm said on Friday. With WTI falling below $80 per barrel Continue Reading
Five days after Hurricane Fiona made landfall in Puerto Rico, some 970,000 households and businesses remain without electricity — nearly two-thirds of subscribers — while more than 437,000 people don’t Continue Reading
Hayley Hollands, an attorney, and her husband Steve Beaman, an oil worker, who As Texas officials moved to restrict abortion, promote Christianity in schools and the state’s power grid teetered Continue Reading
California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters in homes, a move environmentalists are betting will Continue Reading
California is finally poised to lift parking requirements across the state. Here’s why that would be a huge win for the climate. Los Angeles, home of ample parking. Photo by Continue Reading
The US Senate voted Wednesday to join more than 130 nations in pledging to phase out the use of super-polluting greenhouse gases found in refrigerators and air conditioners, a step Continue Reading
During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand, the U.S. Energy Continue Reading
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive Continue Reading
Geopolitical risk, inflation and banks’ focus on environmental criteria are creating headwinds to developing more natural gas liquefaction capacity at LNG terminals in the US, although commercial support for new Continue Reading
The price of gasoline is highly salient in both politics and the economy. Generally when the price of gasoline goes down, the public’s mood starts to improve. That sense of Continue Reading
Highlights Bill calls for regularly updated emissions reduction strategy Republicans say it ‘triples down’ on high energy costs Democratic US House members Sept. 20 sought another pause on federal oil Continue Reading
There’s still room for progress on climate talks with China despite its suspension of global warming discussions with the US, John Kerry said on Tuesday. Kerry, the US special presidential Continue Reading
A 99-day stretch of declines in the average U.S. national gasoline price came to an end on Wednesday, a sign that the effect of falling fuel costs, which have recently Continue Reading
A fire broke out at a refinery operated by BP in Toledo, Ohio, on Tuesday, with two people injured, according to a spokeswoman for the company. The refinery was shut Continue Reading
U.S. Senator Joe Manchin will unveil his full energy permitting bill on Wednesday to speed fossil fuel projects and offer incentives for renewable energy electricity transmission, legislation that faces an Continue Reading
President Joe Biden is set to miss a United Nations roundtable on climate action Wednesday afternoon in New York, stoking concern that other G-7 leaders will also forgo the session Continue Reading
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the Continue Reading
Democratic and Republican senators urged U.S. President Joe Biden’s administration on Tuesday to impose secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Continue Reading
In promising Ukraine billions of dollars in long-term military aid, the Biden administration is seeking to prove that U.S. support in the war can outlast Russia’s determination. Rallying American lawmakers Continue Reading
U.S. vehicle travel in July fell 3.3% to 286.6 billion miles, the second consecutive monthly decline in American driving in the face of high fuel prices, the U.S. Transportation Department Continue Reading
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November, extending the timing of Continue Reading
U.S. gasoline prices fell for the fourteenth week in a row, according to a Monday note from GasBuddy. The national average gallon of regular gasoline fell 3.9 cents from a Continue Reading
As natural gas demand around the world breaks new records, U.S. shale producers are struggling to keep up with demand. While natural gas prices in the United States fell after Continue Reading
Hurricane Fiona struck Puerto Rico’s southwest coast on Sunday as it unleashed landslides, knocked the power grid out and ripped up asphalt from roads and flung the pieces around. Forecasters Continue Reading
Highlights Port of Long Beach volumes edge higher against Los Angeles Asia-USWC freight rates down 19% on week USEC volumes remain strong while ports grapple with vessel backups US West Continue Reading
Wil VanLoh, head of private equity group Quantum Energy Partners: “there’s no bailout coming”, U.S. producers cannot pump a lot more. U.S. shale executives aren’t expecting major production increases in Continue Reading
U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with Continue Reading
Africa, which is home to many of the most climate-vulnerable countries, needs to make its fair share of efforts to reduce global emissions and curb temperature rise, the U.S. Special Continue Reading
The White House on Thursday morning announced it had reached a “tentative” agreement to avert a national rail strike that had threatened the nation’s economy. President Biden said in a Continue Reading
The U.S. Bureau of Labor Statistics has released a report showing the second consecutive monthly drop in producer prices, prompted by steadily declining gasoline prices. The Producer Price Index (PPI) Continue Reading
