The landmark climate law signed by US president Joe Biden last month contains billions of dollars of financial carrots to reward investment in clean energy. The lone stick has been Continue Reading
A flex alert is issued by the ISO when the electricity grid is under stress because of generation or transmission outages, or from persistent hot temperatures. The California Independent System Continue Reading
U.S. gasoline futures settled at $2.6944 per gallon on Tuesday, its lowest close since Feb. 18, before Russia’s invasion of Ukraine. The Ukraine crisis had roiled energy markets, pushing up Continue Reading
Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months. Distillate fuel inventories in the Continue Reading
Texas manufacturing growth in August dropped to its lowest level since May 2020 and the retail sales index stayed negative for the sixth consecutive month, also similar to the pandemic Continue Reading
Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy. Stockpiles in the Strategic Continue Reading
The United States and Iran have found a way to address the U.N. nuclear watchdog’s investigations of Tehran’s atomic program that allows both to claim victory for now but delays Continue Reading
The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer to Continue Reading
The federal government declared a regional emergency in the states of Illinois, Michigan, Indiana, and Wisconsin following a fire that broke out at a BP-owned refinery in Whiting, Indiana. The Continue Reading
Highlights Groups urge EPA to withhold necessary waiver Point to faster, more affordable options for cleaner transportation Worry about additional strain on over-burdened grid Oil refiners and ethanol producers expressed Continue Reading
On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – Continue Reading
Surging natgas prices have added to power price pressures ERCOT broke demand records 11 times this summer Line congestion woes put $2.1 bln strain on producer costs Aug 25 (Reuters) Continue Reading
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs Continue Reading
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
While Iran says it isn’t trying to build nuclear weapons, a look at its key facilities suggests it could develop the technology to make them. WSJ breaks down Tehran’s capabilities Continue Reading
The United States has emerged as a top natural gas supplier to Europe. High domestic prices could force the United States to curb exports. If imports from the United States Continue Reading
After peaking in early-May at $5.02 per gallon, U.S. national average gas prices have declined for 70 straight days to trade at $3.88 per gallon on Wednesday, marking the second-longest Continue Reading
After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas. Freeport LNG Continue Reading
Freeport LNG has pushed back the date of its expected restart that it provided earlier in the month. Freeport LNG has been shut since June, and shared earlier this month Continue Reading
Gasoline prices in the U.S. have fallen for 70 days straight. Gasoline prices in the US have fallen for 70 days straight, the longest down streak since January 2015. Pump Continue Reading
About 1 in 6 American households are behind on their utility bills, the highest number on record, according to the National Energy Assistance Directors Association. Photographer: Michael Nagle/Bloomberg Adrienne Nice Continue Reading
Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Oil rallied for a second day as an industry report signaled another drawdown in US crude inventories, adding to a tightening Continue Reading
The United States will announce a new security assistance package for Ukraine of about $3 billion as early as Wednesday, a U.S. official said on Tuesday, in what would be Continue Reading
President Biden shakes hands with Senator Manchin after signing the Inflation Reduction Act of 2022 on Aug. 16. Photographer: Sarah Silbiger/Bloomberg “The storms are stronger. The fires are bigger. We Continue Reading
The United States’ Strategic Petroleum Reserve (SPR) now has only 453.1 million barrels in its inventory, following another significant drop in the past week that puts the emergency reserve at Continue Reading
Western leaders are preparing for the possibility that Russian natural-gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy Continue Reading
When the Supreme Court restricted the ability of the Environmental Protection Agency to fight climate change this year, the reason it gave was that Congress had never granted the agency Continue Reading
The energy crisis in Europe has helped the United States position itself as the world’s largest LNG exporter. The United States, as the world’s biggest LNG exporter, also has the Continue Reading
Tucked into the Inflation Reduction Act that President Biden signed last week is a major expansion of federal loan programs that could help the fight against climate change by channeling Continue Reading
The price of gasoline is seemingly central to everything right now. The Fed is watching it closely, which means the stock market is watching it closely. The public is focused Continue Reading
WSJ’s Katherine Blunt explains why electricity and natural-gas prices are up so much this year and offers tips on how to manage the expense. Illustration: Mike Cheslik The U.S. needs Continue Reading
New injunction narrowed in scope to 13 states Platts Analytics sees no immediate oil supply impacts Little to no new leasing activity expected in the Western US A new permanent Continue Reading
Last week’s attack on author Salman Rushdie and the indictment of an Iranian national for plotting to murder former national security adviser John Bolton have given the Biden administration new Continue Reading
The Inflation Reduction Act has made it through Congress and is now heading to President Biden for one final signature. The bill is being hailed as a game changer for Continue Reading
Falling far short of market expectations, the United States added only 18 billion cubic feet into its natural gas inventories for the week ending August 12, the Energy Information Administration Continue Reading
US natural gas working stocks rose by just 18 Bcf during the week ended Aug. 12, well below market expectations, but the build was insufficient to keep the momentum going Continue Reading
U.S. crude oil refineries plan to keep running near full throttle this quarter, according to executives and estimates, as refiners set aside worries about recession and sliding retail prices to Continue Reading
Crude oil prices moved higher today, after the Energy Information Administration estimated a draw in oil inventories of 7.1 million barrels for the week to August 12. This compared with Continue Reading
U.S. importers seeking relief from bottlenecks at West Coast gateways are triggering new backups at East Coast and Gulf Coast ports, adding to strains on the country’s troubled supply chains. Continue Reading
JODI: global crude inventories fell by 21.8 million barrels to 915.8 million barrels in June. The low level of crude inventories coincided with record-high gasoline prices in the U.S. in Continue Reading
Excessive heat watch, heat advisory through Aug. 19 SP15 spot reaches 11-month high of $149.97/MWh Peakload reached 23-month high of 45.06 GW Aug. 16 The California Independent System Operator has Continue Reading
A federal appeals court ruled that lawsuits by Delaware and Hoboken, N.J., seeking compensation from oil companies for the impacts of climate change should be decided in state, not federal Continue Reading
U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand Continue Reading
Arizona and Nevada residents won’t face bans on watering their lawns or washing their cars despite more Colorado River water shortages. But U.S. officials announced Tuesday there will be less Continue Reading
Iran has delivered a response to the latest proposal of a nuclear deal being brokered by the European Union. Iranian media notes that there are still three issues that remain Continue Reading
As the historic drought in the U.S. Southwest pushes the nation’s largest reservoirs to record lows, the Biden administration Tuesday announced that water shortages along the Colorado River had passed a threshold for the Continue Reading
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with mergers Continue Reading
