(Reuters) – U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer. Though diesel prices …
U.S. distillate stocks fail to make summer recovery amid refinery outages Read More »
The U.S. government will provide up to $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector, two agencies said on Monday. The funding will be accompanied by technical assistance for companies to rein in emissions of the planet-warming greenhouse gas from leaks and daily operations, the U.S. Environmental …
U.S. to Spend $1.55 billion For Oil and Gas Sector to cut Methane Emissions Read More »
CALGARY — TC Energy Corp. is selling a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.2 billion. The move, announced Monday, is the culmination of …
U.S. natural gas futures held steady on Monday as rising output and forecasts for less demand next week offset forecasts for higher demand this week with the weather expected to remain hotter than normal through early August, especially in Texas. Power demand in Texas hit a record high on July 18 and will likely break …
US natgas prices steady as rising output offsets hot weather forecasts Read More »
DETROIT (AP) — Stellantis says it will build a second U.S. electric vehicle battery factory in a joint venture with Samsung. The automaker didn’t disclose the location but said Monday that it signed a memorandum of understanding with Samsung SDI under its existing joint venture called StarPlus Energy. The new plant will open in early …
What’s the safest way to transport oil? According to environmentalists, progressive politicians, and the media, it’s anything but pipelines. Are they right? Diana Furchtgott-Roth, adjunct professor at George Washington University, dives into the data for answers. Take the pledge to stop climate misinformation and get the facts with a free PDF e-book of scripts from …
WATCH: Are Pipelines Safe? – Why Cancelling the Keystone Pipeline Did Not Make Sense Read More »
LONDON, July 24 (Reuters) – Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday. The firm, part of Octopus Energy Group, said the investment will generate 12 gigawatts (GW) of renewable electricity each year, …
Britain’s Octopus Energy to invest $20 bln globally in offshore wind by 2030 Read More »
In the next three years, 1TW of solar power will be added to the global grid as competition keeps driving down prices. And after years of innovation in China, Japan and Germany, the US is finally getting in the game: Last year’s Inflation Reduction Act includes ample incentives for American-made cleantech. Qcells, part of South Korean conglomerate Hanwha Solutions, announced …
Making Solar Panels ss ‘Horrible’ Business but the U.S. Still Wants It. Read More »
WASHINGTON, July 21 (Reuters) – The U.S. Department of Energy on Friday proposed energy efficiency standards on water heaters it said would save consumers $11.4 billion on energy and water bills annually. The standards on residential water heater efficiency, which are required by Congress, have not been updated in 13 years. Water heating is responsible …
US Plans Water Heater Standards, Says They Will Save Consumers $11 billion Read More »
Summary Benchmarks rise about 2% on Friday; gain up to 2% in the week Oil supplies expected to be tight in second half of 2023 Escalating tensions between Russia-Ukraine support oil price Investors welcome stimulus measures in China BENGALURU, July 21 (Reuters) – Oil prices rose nearly 2% on Friday to record a fourth consecutive …
Oil Rallies for Fourth Straight Week on Tightening Supply Read More »
