US coal exports again move higher in June: Census data
US coal exports totaled 9.2 million mt in June, up 5.1% from May and up 38.6% from the year-ago month, according to US Census data out Friday. Receive daily email Continue Reading
Feds Drop Obama-era ExxonMobil Probe
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue. The Continue Reading
How Big a Deal Is Trump’s Fuel Economy Rollback? For the Climate, Maybe the Biggest Yet
President Trump’s proposal this week to weaken fuel-efficiency standards for cars and light trucks could be his most consequential climate-policy rollback yet, increasing greenhouse gas emissions in the United States Continue Reading
Rising oil prices threaten to erode mining sector’s profitability
Rising oil prices are the latest challenge to the mining sector’s profitability, threatening to eclipse hard-fought efficiency gains during the past two years and increasing metals demand. Miners use heavy Continue Reading
Trump vs Iran: A War Of Words
The war of words between the United States and Iran has been heating up as the return of U.S. sanctions threatens to take more than 1 million bpd of Iranian Continue Reading
China’s Unipec suspends U.S. oil imports amid growing trade row: sources
China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three Continue Reading
EPA unveils plan to lower Obama-era federal fuel standards
The Trump administration unveiled a plan Thursday to roll back aggressive government targets that mandate better fuel economy and lower greenhouse gas emissions. Under the Environmental Protection Agency proposal, the Continue Reading
AAA: Consumer demand could drive gas prices higher
Motor club AAA warned that consumer gasoline prices in the United States could be on the rise given signs in government data of robust demand. The U.S. Energy Information Administration Continue Reading
Trump Administration Unveils Its Plan to Relax Car Pollution Rules
The Trump administration on Thursday put forth its long-awaited proposal to freeze antipollution and fuel-efficiency standards for cars, significantly weakening one of President Barack Obama’s signature policies to combat global Continue Reading
US senators propose sanctions on Russian oil production investments
Six US senators Thursday unveiled a new bill that would prohibit support of Russian crude oil production and transactions in new energy projects supported by the Russian government, placing new Continue Reading
US EPA and DOT propose freezing light-duty fuel economy, GHG standards at 2020 level for MY 2021-2026 vehicles; 43.7 mpg for cars; 50-state solution
The US Environmental Protection Agency (EPA) and US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) released their long-expected notice of proposed rulemaking (NPRM) to adjust the Congressionally-mandated Corporate Continue Reading
The U.S. Oil Production “Mirage”
On July 31, the EIA released monthly data on U.S. oil production, which revealed a decline in U.S. output of 30,000 bpd in May, compared to a month earlier. The Continue Reading
Though oil is on the line, Iran not buying U.S. ‘PR stunts’
Iranian Foreign Minister Mohammad Javad Zarif said Tehran won’t respond to threats, sanctions pressure or public relations stunts from the United States. File Photo by Ali Mohammadi/UPI | Aug. 1 Continue Reading
Trump administration adds to China trade pressure with higher tariff plan
U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration Continue Reading
U.S. Oil Production Isn’t Growing As Fast As Expected
American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly Crude Oil and Natural Gas Production report . U.S. crude oil production for Continue Reading
Exxon’s Shocking Supply And Demand Predictions
The USA through May 2018. The upward surge has stalled for the last two months. U.S. production was down 30,000 bpd in May. It is a little astonishing how close Continue Reading
The Next Trade War Escalation Will Hit U.S. Oil
The Wall Street Journal reports that the Trump administration is considering ratcheting up the tariffs on $200 billion of Chinese imports from the proposed 10 percent levy to as much Continue Reading
Iran rejects Trump offer of talks as a dream, without value
Senior Iranian officials and military commanders on Tuesday rejected U.S. President Donald Trump’s offer of talks without preconditions as worthless and “a dream”, saying his words contradicted his action of Continue Reading
China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
China said on Wednesday that “blackmail” wouldn’t work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a Continue Reading
Trump Advisers Urge Raising Additional China Tariffs to 25%
As Washington and Beijing struggle to break a trade impasse, some administration advisers are urging President Trump to raise the stakes with a sharp increase in the level of tariffs Continue Reading
Energy secretary says U.S. poised to become net exporter of energy: Fox
U.S. Energy Secretary Rick Perry on Tuesday said in an interview with Fox News Channel that the United States will become a net exporter of energy in the near-future as Continue Reading
The Huge Battle For Fuel Efficiency Standards Starts Now
The Trump administration is set to roll out a historic weakening of fuel economy standards for the nation’s auto fleet, and, crucially, the government will seek to revoke the unique Continue Reading
Donald Trump’s energy policy: No commitment to Canada
Canada is a leading supplier of oil , gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian Continue Reading
Trump bets on new European LNG terminals but EU funds meager
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb “vastly” more shipments from the United States but current EU Continue Reading
The Strategic Petroleum Reserve appears ready to evolve
The federal government created the Strategic Petroleum Reserve in the mid-1970s after the Arab Oil Embargo created a shortage of crude in the U.S. The idea of having a strategic Continue Reading
The EU, U.S. LNG Deal Won’t Work
A visit from Jean-Claude Juncker, the President of the European Commission, to Washington last week resulted in an agreement between two of the biggest economic blocs in the world, which Continue Reading
U.S. sees little impact from Keystone XL pipeline’s planned route
The Keystone XL crude oil pipeline project cleared a hurdle on Monday as the Trump administration said in a draft environmental assessment that an alternative route through Nebraska would not Continue Reading
The $3 Billion Plan to Turn Hoover Dam Into a Giant Battery
Hoover Dam was a public works project likened to the pyramids. Now, after channeling a river, what if it could tap the power of the sun and wind? Hoover Dam Continue Reading
U.S. distillate fuel inventories are low for this time of year
Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. Distillate Continue Reading
Higher Fuel Costs Hit Airlines
Many of the biggest U.S. airlines are cutting flights and raising fares to counteract rising fuel prices that are threatening a long run of profitability . American Airlines Group Inc. Continue Reading
Trump’s plan for U.S. LNG in Europe to face reality check
President Donald Trump’s plan for “vast amounts” of U.S. liquefied natural gas (LNG) to be sold to the European Union after trade talks with its top representative faces a reality Continue Reading
Trump: Europe to Become ‘Massive’ Buyer of U.S. LNG
Europe will build more terminals to import U.S. liquefied natural gas, the head of the European Commission told U.S. President Donald Trump during a meeting aimed at averting a transatlantic Continue Reading
US can’t produce enough oil to lower prices, IEA official tells senators
An official of the International Energy Agency said Tuesday that the U.S. can’t increase oil production significantly enough to lower prices this year, and will have to depend on the Continue Reading
US crude oil shipments to China drop sharply for July, August
China’s crude oil imports from the US for July have fallen sharply from June, and are expected to drop even further for August, vessel tracking data showed, as Beijing’s tariffs Continue Reading
U.S. crude inventories slump 6 million bbls to Feb 2015 low: EIA
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015 as exports jumped and stocks at the Cushing hub dropped, the Energy Information Administration Continue Reading
Summary of Weekly Petroleum Data for the week ending July 20, 2018
U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending July 20, 2018, which was 46,000 barrels per day more than the previous week’s average. Continue Reading
SoCal Gas issues curtailment order for generators, citing demand
Southern California Gas on Wednesday issued a system-wide curtailment order for electric generators starting at 3 pm, using procedures that could allow it to dip into Aliso Canyon if the Continue Reading
Economics, carbon bills push Dominion to boost renewables output in Virginia
Dominion Energy Virginia’s plan to comply with sweeping energy legislation that was recently enacted includes a commitment to develop 3,000 MW of solar and wind power, along with the pursuit Continue Reading
Americas Energy CEO Series: Cheniere’s Fusco feels ‘urgency’ to grow US LNG export business
Cheniere Energy is ahead of schedule and expects to begin producing LNG by the end of the year from the first liquefaction unit at its Corpus Christi export terminal in Continue Reading
US Clears Path For Faster Natural Gas Exports To Latin America
The U.S. Energy Department on Wednesday cleared the way for faster approval of small-scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule Continue Reading
U.S. gas prices moving lower, but could still be volatile
Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail Continue Reading
What to do with a smaller SPR
With help from Anthony Adragna, Megan Cassella, Ben Lefebvre and Sarah Ferris WHAT TO DO WITH A SMALLER SPR: Congress has promised to pull so much oil out of the Continue Reading
Exclusive: General Electric’s power unit faces threat in Saudi Arabia
One of General Electric Co’s ( GE.N ) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to Continue Reading
Air conditioning accounts for about 12% of U.S. home energy expenditures
Source: U.S. Energy Information Administration, 2015 Residential Energy Consumption Survey Note: Climate regions based on Department of Energy Building America climate regions . Air-conditioning equipment is used in 87% of Continue Reading
Anti-OPEC Bill Could Be A Game-Changer For Oil Markets
In its effort to wrest more control over global oil markets away from foreign producers, Congress has been pushing a bill that would let the U.S. sue OPEC for oil Continue Reading
NYMEX August gas settles 3.6 cents lower, strong production outweighs power burn
NYMEX August natural gas futures fell 3.6 cents Monday to settle at $2.721/MMBtu as dry gas production outpaced the high power burn totals seen of late. Receive daily email alerts, Continue Reading
New bill for carbon tax would eliminate US gasoline tax
A Republican congressman Monday introduced a new carbon-tax proposal which would repeal the federal gasoline tax, causing a slight increase in gasoline prices, but having no forecast impact on crude Continue Reading
Should Oil Be Released From The SPR?
The Strategic Petroleum Reserve is many things to different people. To some, it’s an insurance policy. To others, a costly white elephant. Still others think of it as a shiny Continue Reading
Iran leader backs suggestion to block Gulf oil exports if own sales stopped
Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani’s suggestion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with Continue Reading
Iran Warns Trump Not To Cut Off Oil Exports, Threatens “Mother Of All Wars”
Iran’s president Hassan Rouhani warned the US not to threaten the nation’s oil exports, called for improved relations with its neighbors including arch-nemesis Saudi Arabia, and cautioned the US that Continue Reading