As many as 80,000 Russian troops have been wounded or killed in less than six months of fighting in Ukraine , the Pentagon said Monday, the first time the U.S. Continue Reading
Iran’s chief negotiator in the nuclear talks, Ali Bagheri-Kani, in Vienna on Thursday. The U.N. probe into the man-made nuclear material found in Iran is highly sensitive for Tehran, which Continue Reading
At one weather station in Fairbanks, Alaska, each hour of rainfall is about 50 percent more intense, on average, than it was a half-century ago. The Wichita area is experiencing rains Continue Reading
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon intense and less Continue Reading
In 1969, President Richard Nixon’s adviser Daniel Patrick Moynihan wrote a memo describing a startling future. The increase of carbon dioxide in the atmosphere caused by burning oil, gas and coal, Mr. Continue Reading
The U.S. Senate has passed the Inflation Reduction Act of 2022. The U.S. Senate has passed the Inflation Reduction Act, which will now head to the U.S. House Of Representatives. Continue Reading
The Senate continued to plow through a series of amendments on Democrats’ climate and tax package , closing in Sunday on passing elements of President Biden’s agenda that have languished Continue Reading
Democrats drove their election-year economic package toward Senate approval early Sunday, debating a measure with less ambition than President Joe Biden’s original domestic vision but that touches deep-rooted party dreams Continue Reading
Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Continue Reading
Energy pipeline operator Energy Transfer LP has disclosed a pipeline rupture in Louisiana last month that released 8.2 million cubic feet of natural gas, according to a report filed with Continue Reading
The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July as employers clamored for workers despite a slowdown in economic Continue Reading
Congressional Republicans are ramping up pressure on the oil-and-gas industry to take an aggressive stance against the Democrats’ tax-and-climate bill , frustrated that the industry hasn’t done more to help Continue Reading
Josh Halliburton HAL 1.91%▲ joined Ford F -0.46%▼ Motor Co. in January to help improve its shaky quality record. Within months it was clear how big a challenge he faced. Continue Reading
The Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and include munitions for long-range weapons and armored medical Continue Reading
U.S. distillate fuel oil inventories are depleting to critically low levels; either an imminent recession reduces consumption or prices are likely to surge higher. Distillate fuel oil is the lifeblood Continue Reading
A drop in US jet fuel consumption verifies what travelers have felt for months: Airlines haven’t been able to keep up with summer travel demand. Carriers contending with labor shortages Continue Reading
A pipe for carbon dioxide captured from the emissions of a generating station in Thompsons, Texas. Photographer: Luke Sharrett/Bloomberg A week after US Senate Majority Leader Chuck Schumer and Senator Continue Reading
Two top forecasters are trimming their Atlantic hurricane outlooks slightly after a slow start to the season, but still predict an above-average number of storms. The US National Oceanic and Continue Reading
A person cooled off in a mister set up in lower Manhattan in New York City on Thursday as a heat wave hit the area. High temperatures in the Northeast Continue Reading
Senator Kyrsten Sinema, Democrat of Arizona, announced on Thursday evening that she would support moving forward with her party’s climate, tax and health care package, clearing the way for a Continue Reading
Nearly two dozen Republican state treasurers around the country are working to thwart climate action on state and federal levels, fighting regulations that would make clear the economic risks posed Continue Reading
Sen. Kyrsten Sinema (D-Ariz.) said she would soon be ready to “move forward” on a revised version of Senate Democrats’ health-care, climate and deficit-reduction package, opening the door for party Continue Reading
U.S. oil and gas dealmaking contracted 65% Y/Y to $12 billion last quarter. Big Oil executives have become increasingly hesitant to pull the trigger after the last M&A wave turned Continue Reading
An indication of demand destruction, US steam coal exports fell 15.2% on the year in June as the CIF ARA monthly average price more than tripled to $371.02/mt, according to 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
Note: According to Reuters’ sources, CATL is pressing ahead with plans to deliver lower-cost lithium iron batteries to Ford Motor Co. and with plans for battery production in North America Continue Reading
Intensifying Texas heat is poised to test the power grid on Thursday with demand seen topping 80 gigawatts for the first time ever. Ample winds twirling turbines are expected to Continue Reading
Americans are officially driving less than they did in the summer of 2020, when pandemic travel restrictions all but halted movement. The four-week average of US gasoline consumption — the Continue Reading
The Western US is an empire built on snow. And that snow is vanishing. Since most of the region gets little rain in the summer, even in good years, its Continue Reading
Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Continue Reading
Crude oil prices fell today after the Energy Information Administration reported a build in crude oil inventories of 4.5 million barrels for the week to July 29. This compared with Continue Reading
Operator sticks to early October target for partial restart Shutdown of 15 million mt/year export facility impacting market Freeport LNG has reached an agreement with US regulators on certain corrective Continue Reading
The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S. oil storage hub, continuing a recent supply Continue Reading
Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Continue Reading
California water prices are at all-time high as a severe drought chokes off supplies to cities and farms across the Golden State. The price of water on the Nasdaq Veles Continue Reading
After a miserably hot summer across much of the country, don’t expect August to bring relief. Only the Southwest and Alaska are forecast to have cool or average temperatures over Continue Reading
Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Continue Reading
Amid a global semiconductor shortage, and as lawmakers dithered over a bill to boost U.S.-based chip manufacturing, Intel went to the Biden administration with a proposal that some officials found Continue Reading
U.S. gas prices hit at a 14-year seasonal high as the country battles persistent high temperatures. U.S. gas prices hit at a 14-year seasonal high as the country battles persistent Continue Reading
U.S. companies are reporting mostly upbeat news this earnings season, surprising investors who had been bracing for a gloomier outlook on both businesses and the economy. More than halfway into Continue Reading
The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars’ in Iranian oil and petrochemical products to East Continue Reading
U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to Continue Reading
Shoppers inside a grocery store in San Francisco, California.Photographer: David Paul Morris/Bloomberg The official arbiters of US recessions look at six monthly indicators in determining whether the nation is indeed Continue Reading
The U.S.emergency crude oil stockpile fell by 4.6 million barrels last week its lowest level since May 1985, according to the Department of Energy on Monday. Crude held in the Continue Reading
Power use in Texas will break records again this week as homes and businesses crank up their air conditioners to escape another heatwave, the state’s power grid operator projected on Continue Reading
The national average for a gallon of gasoline in the United States fell again on Monday to $4.212, according to AAA data. U.S. gasoline prices are down 14.3 cents from Continue Reading
Manchin Pitches Sinema on Democrats’ Tax-Climate Bill The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in Continue Reading
If signed into law, the bill’s hefty tax incentives for low-carbon technologies could enable the country to cut its net greenhouse gas emissions by roughly 40 percent below 2005 Continue Reading
Hot weather and high gas prices in Texas and the Southeast are posing a renewed threat to gas storage in the US South Central region as strong spot gas demand Continue Reading
Baker Hughes (BKR.O) said on Monday it signed a deal to sell its oilfield services (OFS) business in Russia to the local management team, months after stopping new investments in Continue Reading
