South for the third day as dangerously high temperatures had forecasters warning about the dangers of dehydration and exposure. Heat warnings and advisories were in effect from South Carolina up Continue Reading
All refiners and all integrated oil and gas companies are set for a windfall of profits. Extraordinary refining margins have boosted profitability. Refining profits may have peaked in the second Continue Reading
Steady growth in US natural gas production seen earlier this year appears to have lost momentum this summer in a potentially bullish trend that comes as Henry Hub gas prices Continue Reading
Ford Motor Co (F.N) on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL (300750.SZ) , Continue Reading
Limiting the size of new swimming pools in and around Las Vegas might save a drop in the proverbial bucket amid historic drought and climate change in the West. Officials Continue Reading
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
While oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States is projected to Continue Reading
Signage is seen outside of the U.S. International Trade Commission in Washington, D.C., U.S., A tanker carrying a liquid fertilizer product from Russia is about to arrive in the United Continue Reading
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by Continue Reading
As anticipated, U.S. President Joe Biden refrained from declaring a climate emergency, which would grant him additional powers to deal with a national climate crisis, during his speech Wednesday at Continue Reading
Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over Continue Reading
The US Postal Service plans to boost its purchase of EVs based on what it says are refinements to the Postal Service’s overall network modernization, route optimizations, improved facility electric Continue Reading
President Joe Biden will announce executive action to confront climate change after a key senator blocked legislation, but he’s holding off for now on an emergency decree that would allow Continue Reading
for the first time in nine weeks, data from the American Automobile Association (AAA) showed. The price of U.S. gasoline averaged more than $5 a gallon for the first time Continue Reading
US natural gas-fired power generators are bracing for record-setting demand this week as temperatures in states stretching from Texas to Kansas and Mississippi to Missouri top 100 degrees Fahrenheit. On Continue Reading
Shipments of Canadian oil to US refiners were thrown into disarray by a pipeline disruption just days after President Biden’s unsuccessful visit to Saudi Arabia. Shipments of Canadian oil to Continue Reading
Drivers relieved by the recent dip in gas prices may be in for a shock when the summer winds down, with energy analysts warning a fresh round of price surges Continue Reading
Covid-19 is surging around the United States again in what experts consider the most transmissible variant of the pandemic yet. But something is different this time: The public health authorities are holding Continue Reading
Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday’s session, good for a nearly 70% climb in the year-to-date. The natural gas rally has come mainly thanks Continue Reading
U.S. natural gas futures jumped about 6% to a four-week high on Friday on a drop in output this week and forecasts for hotter weather and more demand over the Continue Reading
U.S. stocks rebounded Friday, capping a volatile week during which investors responded to a flurry of corporate-earnings reports and economic indicators. The news offered at-times conflicting narratives on the nation’s Continue Reading
Texas and California are once again facing potential energy crises as their aging energy grids struggle to cope with soaring demand. Despite promises from both the federal and state governments, Continue Reading
Los Angeles County may reinstate an indoor mask mandate. More than half the U.S. population lives in counties where Covid-19 cases and hospitalizations are high enough that people should wear Continue Reading
It was a familiar, if excruciating, position for Democrats. A day after pulling the plug on his party’s plans to pass a climate, energy and tax package this summer, Senator Joe Manchin Continue Reading
As a blistering heat wave smothered Texas this week and taxed the power grid with record-high demand, bitcoin mining operators in the state shut down their electricity-guzzling machines. Complying with requests from Continue Reading
Israel’s caretaker prime minister, Yair Lapid, pushed President Biden on Thursday to go beyond his public commitment to stopping Iran from ever obtaining a nuclear weapon, declaring that all democratic Continue Reading
The temperatures in Texas and the Southern Plains are about to be turned up during an already historically hot summer. Next week, some areas of interior Texas, Oklahoma and Kansas Continue Reading
Senator Joe Manchin told Democratic leaders Thursday he would not support new spending on climate measures or tax increases, delivering a colossal blow to President Joe Biden’s ambitious economic agenda. Continue Reading
Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Senator Joe Manchin as they seek to wrap up Continue Reading
Utah’s Great Salt Lake dropped to its lowest recorded level this month amid a two-decade drought, a grim milestone as researchers and politicians point to grave threats to wildlife and Continue Reading
U.S. crude oil and fuel stockpiles rose last week, bolstered by another big release from strategic reserves, while demand slackened, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading
Since the start of May, the Electric Reliability Council of Texas (ERCOT) has twice appealed to homes and businesses to limit consumption at peak times to avert power shortages and Continue Reading
WASHINGTON, July 13 (Reuters) – U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving Americans to dig deeper to pay for gasoline, Continue Reading
Expensive gasoline is keeping more US drivers off the road than the Covid-19 pandemic did at this time two years ago. The country’s demand for gasoline tumbled last week to Continue Reading
U.S. President Joe Biden said on Wednesday that the June inflation data showing the highest inflation in the United States in more than 40 years is “out-of-date” because gasoline prices Continue Reading
After exceeding $5 a gallon for the first time in history, U.S. gasoline prices are finally falling, giving some relief to consumers in the world’s largest user of the fuel. Continue Reading
U.S. solar energy prices rose 8.1% in the second quarter as projects were stalled by a Commerce Department investigation into tariffs on products from Southeast Asia and soaring input costs, Continue Reading
Gasoline prices, on an upward tear for months, have reversed course in recent weeks, giving consumers a welcome break. Gasoline was a major reason that U.S. consumer prices were 9.1 Continue Reading
Prices surged 9.1 percent in June as consumers faced rapidly rising costs for gas, food and rent, a higher-than-expected reading and bad news for Americans at a moment when their wages are Continue Reading
U.S. liquefied natural gas has become an increasingly important part of the global energy mix since Russia invaded Ukraine. In June, the European Union imported more LNG from the United Continue Reading
U.S. natural gas futures fell about 4% on Tuesday as the gas market followed an 8% drop in oil prices. That gas price decline came even though daily gas output Continue Reading
Power lines run from the coal-fired Intermountain Power Project, which will close in 2025, outside U.S. power consumption was on track to rise to record highs in 2022 and 2023 Continue Reading
– U.S. crude production and petroleum 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) Continue Reading
The US will consume less gasoline from July through October than previously thought as pump prices remain historically high. The country’s gasoline demand is now expected to reach 9.07 million Continue Reading
The small but growing Safe Cities movement is looking to LA to help stop the construction of new gas stations across North America. A car leaves a gas station in Continue Reading
The July Short-Term Energy Outlook (STEO) is subject to heightened uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. The possibility of economic activity being less robust than Continue Reading
The American Petroleum Institute (API) reported a large build this week for crude oil of 4.762 million barrels, while analysts predicted a draw of 1.933 million barrels. The build comes Continue Reading
With 14.9 GW of coal-fired capacity to retire in 2022, the Energy Information Administration July 12 estimated 2022 coal consumption at 481.7 million st, down 3.9% on the year. “The Continue Reading
Drawdown of 7-10 Bcf expected in week ended July 8 Southeast summer gas demand up 5.3 Bcf/d vs. 2021 Locations east of Henry Hub trade at $5-$6 premiums The US Continue Reading
Stress lines in oil consumption are continuing to form. Across oil-consuming economies, stress lines in oil consumption are continuing to form amid tight product supplies and high pump prices. That’s Continue Reading
