The U.S. is considering sanctions that would target a United Arab Emirates-based businessman and a network of companies suspected of helping export Iran’s oil, part of a broader effort to Continue Reading
One way they are doing so is by relying more on dollar and discount stores for groceries. Average spending on grocery products at discount chains increased 71% from October 2021 Continue Reading
A fast-growing wildfire fueled by strong winds from thunderstorms and high temperatures in Northern California has grown to more than 52,000 acres in two days, becoming the state’s largest wildfire Continue Reading
If you’ve traveled much by air over the past few months, chances are you have encountered difficulties: flight delays and cancellations, misplaced luggage, massive lines for check-in and security. Commercial Continue Reading
America’s oil inventories are hovering around multi-year lows despite releases from the SPR. Distillate fuel oil inventories, which are most closely related to the economic cycle, are at the lowest Continue Reading
Of all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among Continue Reading
Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling. Oil rigs operating in US fields increased Continue Reading
Across Montana’s 147,000 square miles, the state government recently counted 57 charging stations. Building a nationwide network requires putting EV chargers in the middle of nowhere. Montana’s vast spaces and Continue Reading
A job fair in Albuquerque, N.M. Job hopping for higher wages has put pressure on companies as they compete for talent. The U.S. economy is enduring a rocky transition from Continue Reading
U.S. refiners: there’s no indication of fuel demand destruction. The latest reporting week in EIA data showed that gasoline demand increased from 8.52 million barrels per day (bpd) to 9.25 Continue Reading
he US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Continue Reading
Chemical maker Lyondell Basell Industries (LYB.N) is considering a “very large investment” at the site of its Houston refinery after it permanently stops refining crude oil by the end of Continue Reading
America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled Continue Reading
The response to some of the worst flooding in Kentucky’s history was entering a pivotal phase on Saturday morning, with the confirmed death toll at 25 and the search for victims poised Continue Reading
The United States and its allies are leaning heavily on economic sanctions to punish Russia for its invasion of Ukraine. But a key element in that strategy, restrictions on Russian oil Continue Reading
US Economy Shrinks for Second Straight Quarter The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Continue Reading
A surprise congressional budget deal announced Wednesday night boasts $370 billion in new spending for tackling climate change, including oodles of tax credits and rebates that could make it cheaper Continue Reading
The $369 billion climate and tax package forged in a surprise deal by Senate Democrats would be the most ambitious action ever taken by the United States to try to Continue Reading
The $369 billion deal Senate Majority Leader Charles E. Schumer (D-N.Y.) forged Wednesday with Sen. Joe Manchin III (D-W.Va.) would transform how the country produces energy and upend the auto industry, even Continue Reading
Since Monday, the national average for a gallon of regular gasoline has fallen eight cents to $4.27. According to new data from the Energy Information Administration (EIA), gas demand increased Continue Reading
Senator Joe Manchin gave his support to the Inflation Reduction Act of 2022 which will provide $369 billion in energy and climate investments. U.S. Senate Majority Leader Chuck Schumer was Continue Reading
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), U.S. filmmakers said on Thursday. Fears that the U.S. economy Continue Reading
To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout Continue Reading
Goldman’s Courvalin: Physical Oil Market Remains Tight The US is exporting more oil than ever before, with shipments poised to climb even higher. A key factor: The widening gap between Continue Reading
expected to last longer than forecasters had initially predicted, setting parts of the normally temperate region on course to break heat wave duration records. As temperatures hit a daily record Continue Reading
The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic Continue Reading
Judging by forward trading, Electric Reliability Council of Texas power prices will likely average in triple digits into September, after a brutal July heat wave pushed real-time prices into quadruple Continue Reading
‘You have to go back to 1996 to find a lower July average’. July U.S. gasoline demand readings are extremely poor. That’s according to a new report from Standard Chartered, Continue Reading
Biden’s Tax, Climate Plan Revived by Manchin, Schumer Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock Continue Reading
Sen. Joe Manchin (D., W.Va.) agreed to back a package aimed at lowering carbon emissions and curbing healthcare costs while raising corporate taxes, marking a stunning revival of core pieces Continue Reading
Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be Continue Reading
The $369 billion climate and tax package forged in a surprise deal by Senate Democrats on Wednesday would be the most ambitious action ever taken by the United States to try to Continue Reading
New York Governor Kathy Hochul July 27 announced the release of the state’s third competitive offshore wind solicitation, seeking an incremental 2 GW of offshore wind power capacity to help Continue Reading
US natural gas futures are surging toward the biggest monthly gain on record, buoyed by scorching weather and the expiration of August options. Gas has jumped more than 65% in Continue Reading
Renewable power generation was lower than its potential through Texas’ brutal heatwave, adding further strain to the already-battered ERCOT power grid. The grid saw record electricity demand as Texans cranked Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes Continue Reading
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the Continue Reading
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country Continue Reading
Americans are driving less, combining errands and shopping or dining out less since gasoline prices rallied in March, according to a survey by auto club AAA. A survey of 1,002 Continue Reading
The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down more than $8 compared to Continue Reading
Lackluster demand for gas and lower oil prices led to pump prices falling again, down 17 cents since last week to $4.35. The steady decline is due to low domestic Continue Reading
Natural gas exports from the United States have soared since Russia invaded Ukraine and Europe began to look for natural gas elsewhere. While the U.S. has now become the largest Continue Reading
Summer demand for gasoline in the United States has declined over the past two weeks. After nearing $60 per barrel in June, the U.S. 321 gasoline crack spread fell last Continue Reading
The U.S. Energy Information Administration lowered its Brent crude oil price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent crude oil price forecasts for 2022 and 2023 in Continue Reading
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his Continue Reading
Mexico hopes the talks initiated by the U.S. under the United States-Mexico-Canada Agreement (USMCA) about Mexico’s prioritization of state energy firms over private U.S. companies would reach a “mutually satisfactory Continue Reading
Highlights Mexico averaging 5.28 million barrels monthly of fuel oil exports to US Increase picks up pace after Russian invasion of Ukraine Competition seen from Brazil, UAE, Iraq, Turkey, others Continue Reading
Prices surge at Algonquin city-gates, Iroquois Zone 2 TTF trades near $50 on strong European demand New England imports 17.8 Bcf of LNG, winter 21-22 Winter gas prices in New Continue Reading
Freeport LNG said on Thursday it was pulling in small amounts of pipeline natural gas at its shuttered liquefied natural gas (LNG) export plant in Texas to fuel a power Continue Reading
U.S. carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand Continue Reading
