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Biden, Kishida Eye Wind Power as Japan Worries About LNG Supply

US moratorium on LNG export permits drew concern from Tokyo Japan joins effort to promote floating offshore wind energy   US President Joe Biden and Japanese Prime Minister Fumio Kishida pledged to intensify efforts to harness wind power and speed the transition to clean-energy amid concerns in resource-scant Japan over access to liquefied natural gas. “The United States remains …

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Oil Rally Is Driving Texas Gas Prices Below Zero

Producers are bringing more wells online, adding fuel to a glutted market. There’s so much natural gas flowing from Texas wells that producers are paying customers to take it off their hands. They can blame oil prices. With crude hovering near a six-month high, the companies extracting it are tapping a stash of wells they drilled but hadn’t …

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Enphase Energy Launches Power Control Software for its Home Solar and Battery Systems

FREMONT, Calif., April 11, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the launch of Enphase Power Control software that can integrate with the Enphase® Energy System™ in North America. Enphase Power Control dynamically controls the power produced by an …

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OPEC Sees Robust Summer Oil Demand, Economic Upside Potential

(Reuters) – OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in a monthly report, …

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Cenovus Energy to Invest $1.5 Billion in Ohio Refineries

(Reuters) – Cenovus Energy  has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday. Ohio provides a “vital strategic location” that aids Cenovus’s decision to expand, said Doreen Cole, the company’s executive vice president, downstream, in a press release, quoted by the local media. Cenovus …

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Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered

The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday. In an amicus, or friend-of-court, brief dated April …

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U.S. Imports of Mexican Crude Oil Fall to Lowest on Record, EIA Says

U.S. weekly imports of Mexican crude oil fell to the lowest on record in the early April, as Mexico’s state energy company Pemex cut exports to supply more oil to its domestic refineries. The imports dropped to 209,000 barrels per day (bpd) in the week ended April 5, data from the U.S. Energy Information Administration …

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