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(Reuters) – Electric utilities in the U.S. are increasingly turning to batteries to shift power from periods of low prices to high-priced ones, according to an analysis from the U.S. Energy Information Administration. The strategy, referred to as arbitrage, involves utilities charging batteries by buying electricity during low-cost periods and then selling that electricity when …
U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.5 million barrels in the week ending June 14 to 457.1 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel draw. Stocks at the Cushing, Oklahoma, …
U.S. Crude and Fuels Stocks Fell Last Week – EIA Said Read More »
The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil prices are “still too high for many Americans” and he would like to see them “cut …
U.S. Ready to Re-open Oil Stockpile if Petrol Prices Surge Again, FT Reports Read More »
U.S. crude oil imports rose last week to their highest since 2018, the U.S. Energy Information Administration said on Wednesday, as volumes from Mexico rebounded and the expanded Trans Mountain pipeline boosted shipments from Canada. Imports of crude oil from Mexico rose by 449,000 barrels per day to 987,000 bpd in the week to June …
U.S. Crude Oil Imports Rise to Highest Since 2018, EIA Says Read More »
(Reuters) – Utility firm Entergy and a unit of NextEra Energy on Friday entered into an agreement to develop up to 4.5 gigawatts (GW)of new solar and energy storage projects. The five-year agreement will help Entergy provide renewable energy to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, the company said in a statement. …
Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects Read More »
The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022. The Department of Energy said the oil is for delivery to the SPR’s Bayou Choctaw site …
U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.2 million barrels to 455.9 million barrels in the week ended May 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw. Crude stocks at the …
U.S. Crude Ctocks, Gasoline and Distillate Inventories Rise – EI Read More »
The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy Secretary Jennifer Granholm told Reuters on Tuesday. Granholm said she believes the global oil market is well-supplied and that she does not expect a big increase in oil and …
U.S. Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says Read More »
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 4.2 million barrels to 454.7 million barrels in the week ending May 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel draw. Crude stocks at …
U.S. Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA Read More »
(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.8 million barrels to 458.8 million barrels in the week ending May 17, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.5 million-barrel draw. …
U.S. Crude, Distillate Inventories Rise, Gasoline Draws Down – EIA Read More »
