Daily Oil & Energy News
Last week, we mocked the fossil fuel industry’s use of an outlet it owns to brag about perverting democracy — but we didn’t actually call out the politicians in the Continue Reading
The pursuit of regime change in far-off countries is proving to be a resilient characteristic of US presidencies, no matter their political leanings. The current White House has taken an Continue Reading
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the Continue Reading
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility Continue Reading
For three decades, California has led the fight to control tailpipe pollution, with countless policies promoting cleaner gasoline, carpooling, public transportation and its signature strategy – the electric vehicle. Californians Continue Reading
Across America, climate change is already disrupting lives. The continental United States is 1.8 degrees Fahrenheit warmer than it was a century ago. Seas at the coasts are nine inches Continue Reading
Troubles in an Australian power grid facing record summer heat may provide a cautionary tale for the Electric Reliability Council of Texas as it faces a high probability of a Continue Reading
The nation’s rig count saw a decline this week of 15 oil rigs. The U.S. dropped 15 oil rigs and added one gas rig this week for a net loss Continue Reading
Exxon Mobil Corp.’s Canadian unit Imperial Oil Ltd. is scaling back the amount of U.S.-bound oil it ships by rail from the province of Alberta to nearly zero this month. Continue Reading
While US coal producers are hesitant to invest in new capacity at the moment, several industry professionals said at a recent energy event that they do not foresee widespread consolidation Continue Reading
Mexico has stopped buying U.S. light crude oil under its new president, a decision that former government officials say has likely aggravated the country’s gasoline shortage crisis. President Andrés Manuel Continue Reading
The United Steelworkers union (USW) and Shell Oil Co reached a tentative agreement on Thursday that sources familiar with the deal said would boost pay by 11 percent over three Continue Reading
Some Senate Democrats want U.S. regulators to assess banks’ and other financial institutions’ preparedness for climate change. Led by Sen. Brian Schatz of Hawaii, the group of 20 senators—19 Democrats Continue Reading
Several utilities on Thursday urged U.S. customers to cut back on power and gas consumption during a brutal freeze blanketing the eastern half of the country after homes and businesses Continue Reading
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending January 25, 2019, which was 586,000 barrels per day less than the previous week’s average. Continue Reading
Declining coal demand in the U.S. and rising demand for natural gas and renewables have hit coal production and the number of active coal mines in the United States has Continue Reading
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Continue Reading
Chevron to add Texas refinery in $350 million deal. Chevron Corp. announced late Wednesday that its Chevron U.S.A. Inc. (CUSA) subsidiary has signed a share purchase agreement to buy Pasadena Continue Reading
Crude exports from the Gulf of Mexico are picking up at the worst time for American refiners. Rising production and falling freight rates are behind a surge of overseas shipments Continue Reading
US coal production is expected to fall even faster than if the Obama administration climate policy had taken effect, according to official projections, underlining the difficulties facing President Donald Trump Continue Reading
The Trump administration is considering a release from the US Strategic Petroleum Reserve that would be timed to coincide with the imposition of possible sanctions on Venezuelan oil exports, sources Continue Reading
US coal production is expected to fall even faster than if the Obama administration’s climate policy had taken effect, according to official projections, underlining the difficulties facing President Donald Trump Continue Reading
Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports , noting refining margins for the fuel in the United States sank to US$45.70 a barrel Continue Reading
U.S. crude oil production will keep setting annual records until 2027 and will remain higher than 14 million bpd through 2040, thanks to continuously growing shale production, the U.S. Energy Continue Reading
Opponents of oil and gas development in the Coastal Plain of the Arctic National Wildlife Refuge are criticizing a US Interior Department environmental review as inadequate, previewing a potential legal Continue Reading
A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Continue Reading
As the Trump administration worked to revise and relax federal fuel economy and emissions standards for cars and light trucks, an oil refiners trade group worked connections with Republican governors Continue Reading
The United Steelworkers union (USW) said on Friday Shell Oil Co is delaying progress on important issues in negotiations for a new national agreement covering 30,000 U.S. refinery and chemical Continue Reading
Several Republican Senators have reintroduced a bill to streamline oil and gas development permitting in the U.S., aimed at boosting mineral revenues for states and reducing regulatory burdens and costs. Continue Reading
As coal supply tightened in 2018, due to a boom in the export market, market participants expected supplies to replenish in early 2019, but so far, sources said people are Continue Reading
The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to sources. (Bloomberg) — The Trump administration Continue Reading
The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Continue Reading
U.S. gasoline inventories jumped to a record high in the most recent week even as refiners cut back activity, the Energy Information Administration said on Thursday, while crude stocks rose Continue Reading
The United States is on track to produce more crude oil and liquids than Russia and Saudi Arabia put together by 2025, consultancy Rystad Energy said on Thursday. U.S. liquids Continue Reading
OPEC highlights engagement with US producers Barkindo says Trump scoldings just ‘miscommunication’ Hess Corporation CEO thanks OPEC for oil cuts London — The head of a US shale oil company Continue Reading
China and the United States will have in-depth discussions on economic and trade issues during Chinese Vice Premier Liu He’s U.S. visit next week, the Chinese commerce ministry said on Continue Reading
President Trump’s efforts to change California’s longstanding, but stringent low carbon fuel standards could get even tougher. A three-judge panel of the 9th U.S. Circuit Court of Appeals on Friday Continue Reading
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, Continue Reading
Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share Save Save to myFT Tom Mitchell and Yuan Yang in Beijing Continue Reading
The national gas price average may have held flat on the week at $2.25, but just a three cent drop would bring the U.S. average to the lowest since December Continue Reading
A federal court on Friday blocked the Trump administration from issuing any permits to conduct seismic testing for offshore oil and natural gas drilling during the partial government shutdown. Judge Continue Reading
Climate change is challenging the utility industry’s traditional risk management assumptions. Many of the most costly natural disasters have occurred over the past decade. While there are solutions to address Continue Reading
The company’s fall has been fast and steep. In October, its market value was $25 billion. This week, it was removed from the S&P 500 as its value tumbled below Continue Reading
The United States will likely grant fewer waivers to buyers of Iranian oil when they’re up for renewal in May, according to IHS Markit. The United States will likely grant Continue Reading
Related The debate is occurring as trade officials try to figure out the best way to pry concessions from China . It hasn’t yet reached President Trump, and the outcome Continue Reading
The EIA projects U.S. gasoline prices will see a lower average in 2019 and 2020 compared with last year, but in both cases higher than current levels. Photo by Gary Continue Reading
The US DOI now reports that domestic crude production could surge to 14 MMbpd by 2020. U.S. crude oil exports have soared due to a combination of: rising domestic crude Continue Reading
U.S. crude oil stocks fell more than expected last week, while gasoline and distillate inventories rose more than forecast, the Energy Information Administration said on Wednesday. Crude inventories fell by Continue Reading
When nuclear energy is still widely seen as one of the most promising solutions to climate change, as well as one of the most efficient replacements for the more traditional Continue Reading
The Energy Information Administration reported a crude oil inventory decline of 2.7 million barrels for the week to January 11 but the report failed to have any palpable effect on Continue Reading