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U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag

Energy Topics & Technology, Hydrogen, Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …

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U.S. to Buy Oil for SPR Oil at Above $79 Target Price in Latest Round

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government’s emergency reserve for more than $81 a barrel, $2 above the target purchase price. The Department of Energy (DOE) said it will spent $225.6 million to buy oil to refill the Strategic Petroleum Reserve (SPR) from Atlantic Trading …

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Oil Prices Advance as Investors Reassess U.S. Inventories Data

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. Brent crude futures for May were up 40 cents, or 0.5%, at $86.49 a barrel while the more actively traded June contract rose …

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Big Oil’s Climate Planning Not Good Enough, Investor Group Says

Conventional Energy, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Summary Climate Action 100+ assessed 10 top oil companies Companies ‘alarmingly unprepared’, TPI Centre’s Sharp U.S. companies perform worse than European peers LONDON, March 27 (Reuters) – The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not good enough to assess the risks involved, the …

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Oil Rises as Heightened Geopolitical Risks Exacerbate Supply Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5%, to $85.82 a barrel at 0759 …

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Oil Prices Down on Gaza Ceasefire Talks, Flat on the Week

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary US says talks in Qatar could reach Gaza ceasefire agreement Russia attacks Ukrainian energy infrastructure overnight Speculators raise U.S. crude oil net longs-CFTC US oil rig counts falls by one to 509 this week, Baker Hughes says (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of …

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U.S. Solar Factories Need More Government Support to Succeed, Report Says

Latest, Renewable Energy, Solar, Tri-Pinned, US News / By

(Reuters) – U.S. efforts to build a domestic supply chain for solar energy components is stalled and will require urgent government action to support the factories needed to compete with China, according to a report published on Wednesday. The analysis by Guidehouse Insights, commissioned by the Solar Energy Manufacturers for America Coalition, said existing federal …

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Oil Retreats From Multi-Month Highs Ahead of Fed Decision

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Crude falls from multi-month highs Investors await U.S. Federal Reserve interest rate announcement U.S. crude, gasoline stocks fell last week – API LONDON, March 20 (Reuters) – Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later …

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Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Tri-Pinned, US News / By

At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …

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