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The cost of electric trucks and complications of charger installation hamper progress. The appetite for speedy package delivery is skyrocketing around the planet. Americans do more than 15% of their shopping online, with digital purchases of groceries, shoes, pet food and other goods quadrupling over the past decade to $1 trillion a year. Global e-commerce is expected …
Reuters – Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on Wednesday, rose 8 cents, or …
Oil Up on Middle East Tensions, China Economy Worries Limit Gains Read More »
Japan, the world’s second-biggest buyer of liquefied natural gas (LNG), is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States, industry minister Ken Saito said on Tuesday. U.S. President Joe Biden last week paused approvals for pending and future applications to export LNG …
Japan Worried U.S Pause of LNG Export Approvals May Delay New Projects Read More »
Summary State policies favoring clean-energy have oil companies fuming Exxon, Chevron each to take about $2.5 billion in impairments Jan 29 (Reuters) – It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California’s oil output …
California and Big Oil Are Splitting After Century-Long Affair Read More »
In an attempt to buy votes from ignorant, gullible activists, Biden has amputated the US LNG industry without regard for the catastrophic consequences By Alex Epstein Joe Biden has halted LNG expansion, which the world needs for low-cost, reliable, secure energy.He pretends it’s to lower prices or GHG emissions, but it will do neither.Halting LNG is …
Commentary: Biden’s LNG Pause: a Deadly Fraud – Alex Epstein Read More »
U.S. natural gas futures plunged about 10% on Monday in light trade ahead of contract expiration on an extended outage at the Freeport LNG export plant in Texas and forecasts for warmer-than-normal weather to continue through at least mid-February. Analysts noted the Freeport outage would leave more gas in the U.S. at the same time …
U.S. Natgas Prices Drop 10% on Contract Expiry, Freeport LNG Unit Outage Read More »
Dutch and British wholesale gas prices registered gains on Monday morning on concern over U.S. liquefied natural gas (LNG) supplies, though healthy storage levels continue to limit gains. The benchmark front-month contract at the Dutch TTF hub was up 0.47 euros at 28.55 euros per megawatt hour (MWh) by 0915 GMT, LSEG data showed. Gas …
There’s little to dissuade the administration from replicating its strategy of postponement in an election year. Welcome to Energy Daily, our guide to the energy and commodities powering the economy. Today, Senior Reporter Jennifer A. Dlouhy assesses whether US President Joe Biden’s tactic for freezing new LNG export permits may be used to delay other …
Biden’s LNG Pause Might Be a Model for Other Energy Dilemmas Read More »
Energy Department on Friday halted approvals of new plants US will study effect of exports on climate change, economy Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities. “With numerous forecasts projecting global natural gas demand to …
Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups Read More »
Golden State drivers paid highest gas premium in last quarter Refinery renewable fuel conversions reduce overall supply Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages. The premium California drivers pay for gasoline over the national average is likely to rise significantly if …
Chevron Says California Plays a Risky Game With Climate and Gasoline Read More »
