Biden Scraps Offshore Oil Auctions
The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska’s Cook Inlet. The Biden administration is scrapping planned auctions of drilling rights in Continue Reading
U.S. rules for sharing intelligence with Ukraine
The United States is sending billions of dollars in military equipment to Ukraine, including heavy artillery, drones and antitank missiles. Administration officials have publicly enumerated those contributions, practically down to Continue Reading
Earth could soon briefly hit threatening climate threshold
Since signing the Paris climate agreement in 2015, nations around the world have focused on one climate goal: limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial Continue Reading
U.S. retail gasoline prices hit new record, as refiners struggle to meet demand
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading
U.S. natgas output, demand to rise in 2022 -EIA
U.S. natural gas production and demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Continue Reading
U.S. crude output to rise 720,000 bpd in 2022 -EIA
U.S. crude oil output is expected to rise 720,000 barrels per day to 11.91 million bpd in 2022, the government said in a monthly forecast on Tuesday. U.S. crude output Continue Reading
Wall Street Is Trying Desperately to Catch Up With Stock Rout
Analysts cut share-price targets at fastest pace in two years It’s latest evidence of souring sentiment on the equity market To see how much pressure the five-month equity selloff is Continue Reading
US Crude Output Growth Expected to Slow Amid Soaring Costs
American drillers will increase oil production at a slower pace than previously expected amid surging costs, stymieing the Biden administration’s hope that the industry will boost output to tame fuel Continue Reading
Midsummer heat baking southern states with highs feeling like July
The calendar says May, but the atmosphere has fast-forwarded at least a month. A sprawling dome of summerlike heat is parked over the central United States, bringing temperatures 20 degrees Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The May Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. This STEO Continue Reading