The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal Continue Reading
A Shell station in Houston. An internal email in 2020 said the company’s announcement of a pathway to net zero emissions had “nothing to do with” its business plans.Credit…Brandon Bell/Getty Continue Reading
The Mosquito fire, which has been tearing through the Sierra Nevada foothills since last week, became California’s largest blaze of the year on Wednesday. The fire formed on Sept. 6 Continue Reading
The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter amid fears that a plunge in Russian exports will send crude prices Continue Reading
But other energy costs are rising, offsetting relief at the pump. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month Continue Reading
Bloomberg survey: Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks. A shortage of critical fuels such as natural gas and diesel could boost the Continue Reading
New York Fed survey: U.S. inflation is expected to average 5.7% for the whole of 2023 and contract to 2.8% three years out thanks to falling gas prices. AAA: the Continue Reading
The Biden administration is making preparations for a complete shutdown of the railway system amid failing talks between trade unions and railways. The negotiations have been going on for more Continue Reading
A new Iran nuclear deal is looking increasingly unlikely after U.S. Secretary of State Anthony Blinken said Iran had taken “a step backward” with its latest comments on the final Continue Reading
The latest US effort to reduce reliance on China is striking hard at the Asian nation’s biotech stocks, as investors price in more indications of decoupling between the world’s two Continue Reading
Let’s say you want to sell your home in Cape Coral, Florida, and think you’ll get a great price because of the proximity to water. Or perhaps you’re thinking of Continue Reading
Highlights USDA sees 2022-23 US corn production at 13.9 bil bu, down 415 mil bu Sees US corn yield estimate at 172.5 bu/acre, down 2.9 bu/acre Sees US corn harvested Continue Reading
Israel does not anticipate a renewal of Iran’s nuclear deal with world powers before the U.S. mid-term elections in November, an Israeli official said on Sunday, after European parties to Continue Reading
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. Continue Reading
U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, Continue Reading
U.S. consumer-price inflation showed signs of moderating in August for the second straight month, though the decrease was uneven across sectors and it remains unclear whether the slowdown will continue. Continue Reading
Gasoline prices in the United States could spike this winter as an embargo on Russian oil imports comes into effect in the European Union, Treasury Secretary Janet Yellen has warned. Continue Reading
U.S. LNG exports to Europe increased substantially since the beginning of the year. The EU’s gas storage refill bill amounts to 10 times its usual. LNG exports have already resulted Continue Reading
U.S. inventories of diesel and other distillate fuel oils are now critically low after failing to recover during the summer driving season. The shortage will keep upward pressure on diesel Continue Reading
A tropical storm approaching Southern California on Friday threatened to bring high winds that could whip up wildfires and heavy rainfall that could trigger flash floods, but the system will Continue Reading
Highlights SoCal Gas, city-gates falls to near-parity with cash Henry Hub Excessive Heat Warnings to lift at 10 pm PT Sept. 9: NWS Spot gas prices in California and the Continue Reading
Customers refuel at a gas station in Concord, California. Photographer: David Paul Morris/Bloomberg Californians can’t get a break. A dangerous heat wave is raising the risk of blackouts in the Continue Reading
The Charles River in MassachusettsPhotographer: Brian K. Sullivan/Bloomberg It’s barely September, but crops are withering and brown leaves carpet the ground. Forests are bursting into flames. An iconic river is, Continue Reading
In 2007, the U.S. Congress mandated the blending of biofuels such as corn-based ethanol into gasoline. One of the top goals: reducing greenhouse gas emissions. But today, the nation’s ethanol Continue Reading
The Iranian nuclear deal will be agreed to by the end of September. That’s Fitch Solutions Country Risk & Industry Research’s core view, according to a report sent to Rigzone Continue Reading
Forecast Highlights Global liquid fuels The Brent crude oil spot price in our forecast averages $98 per barrel (b) in the fourth quarter of 2022 (4Q22) and $97/b in 2023. Continue Reading
Highlights September output averages over 96.6 Bcf/d US rig count near 34-month high at 868 NYMEX 2022 futures dip to low- to mid-$8s US natural gas production is on a Continue Reading
In 2007, the U.S. Congress mandated the blending of biofuels such as corn-based ethanol into gasoline. One of the top goals: reducing greenhouse gas emissions. But today, the nation’s ethanol Continue Reading
Wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild low stocks of diesel and heating oil, according to analysts Continue Reading
U.S. Secretary of State Antony Blinken in a suit, met with Ukrainian President Volodymyr Zelensky in April. Secretary of State Antony Blinken announced during a trip to Ukraine on Thursday Continue Reading
U.S. natural gas futures shed around 5% on Tuesday, hitting a four-week low as soaring output coupled with lower demand forecasts drags prices down, despite the fact that inventories are Continue Reading
A new multi-fuel generation reserve to alleviate summer power shortages in California shows how grid connection delays and a growing bundle of supply chain challenges are costing taxpayers and hampering Continue Reading
California’s grid operator projected record-breaking power demand on Tuesday and called on consumers to conserve energy for the seventh consecutive day to avoid blackouts amid soaring temperatures. The California Independent Continue Reading
California’s power grid, already strained from days of triple-digit temperatures, faced a nearly record-breaking level of demand Tuesday. The California Independent System Operator, which provides electricity to most of the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease Continue Reading
Firefighters battle flames at a home Friday near Weed, Calif. California on Monday faced its greatest risk of blackouts so far this summer, officials said, as soaring temperatures stressed the Continue Reading
The California Independent System Operator (CAISO) is stepping up its call for consumers to lower electricity use in the afternoons and evenings to avoid outages over the next few days. Continue Reading
California narrowly avoided implementing rotating outages on Monday while officials warned that the state’s power grid will face a bigger test on Tuesday amid a record-breaking heat wave. The state’s Continue Reading
Europe’s desperate attempt to rid itself of Russian gas became even more urgent this week. U.S. LNG supplies might not be vulnerable to Russia, but they are vulnerable to extreme Continue Reading
U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the unemployment rate to 3.7% suggested the labor market was starting to loosen, Continue Reading
Iran needs stronger guarantees from Washington for the revival of a 2015 nuclear deal, its foreign minister said in Moscow on Wednesday, adding that the U.N. atomic watchdog should drop Continue Reading
Just hours after Iran said on Thursday evening that it had sent a “constructive” response to the final draft of the nuclear deal to the Biden administration, the White House Continue Reading
California lawmakers on Thursday voted to extend the life of the state’s only nuclear power plant by five years, and approved several other measures to bolster the state’s already aggressive Continue Reading
While the Inflation Reduction Act may have a debatable impact on inflation, there is no doubt that it will be a boon for the renewable energy sector. The act allocated Continue Reading
Amid the extreme heat that began on Wednesday and is expected to last until early next week, Californian electricity consumers have been urged not to charge their electric vehicles during Continue Reading
U.S. natural gas consumption for power generation hit a record high in July, and demand for the energy source is only growing around the world. While natural gas prices in Continue Reading
California officials declared a statewide grid emergency. California officials declared a statewide grid emergency to cope with surging demand for power amid a blistering heat wave, raising the prospect of Continue Reading
Since Monday, the national average for a gallon of regular gasoline dropped three cents to $3.82. According to new data from the Energy Information Administration (EIA), gas demand increased slightly Continue Reading
