US News

Auto Added by WPeMatico

Offshore Wind Proponents Back Harris as Political Risk Mounts

Fundraiser in Midtown Manhattan draws clean-energy advocates Trump has vowed to target offshore wind development if elected Offshore wind proponents gathered in Manhattan on Monday evening to throw support — and dollars — behind Democratic presidential nominee Kamala Harris, underscoring mounting concerns about the electoral risk hanging over the nascent US industry. About 70 to 80 …

Offshore Wind Proponents Back Harris as Political Risk Mounts Read More »

U.S. Oil Demand to Plateau in 2024, EIA Forecasts

Global consumption will grow by 1 million barrels a day EIA expects market in deficit due to OPEC+ output cuts US oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration. The agency sees US consumption holding steady at 20.3 million barrels a …

U.S. Oil Demand to Plateau in 2024, EIA Forecasts Read More »

U.S. Oil Demand to Plateau in 2024, EIA Forecasts

Global consumption will grow by 1 million barrels a day EIA expects market in deficit due to OPEC+ output cuts US oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration. The agency sees US consumption holding steady at 20.3 million barrels a …

U.S. Oil Demand to Plateau in 2024, EIA Forecasts Read More »

US Power Use Forecast to Reach Record Highs in 2024 and 2025, EIA Says

(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,101 billion kilowatt-hours (kWh) in 2024 and 4,185 billion kWh in 2025. That compares with 4,000 billion kWh …

US Power Use Forecast to Reach Record Highs in 2024 and 2025, EIA Says Read More »

Permian Basin Gas Capacity to Increase with Matterhorn Pipeline Launch, EIA Says

Natural gas pipeline takeaway capacity in the Permian Basin will increase as the Matterhorn Express pipeline is expected to start operating this month, the U.S. Energy Information Administration (EIA) said on Tuesday. Matterhorn, a joint venture with Whitewater, EnLink Midstream, Devon Energy, and MPLX, will transport natural gas from the Permian Basin to Katy near …

Permian Basin Gas Capacity to Increase with Matterhorn Pipeline Launch, EIA Says Read More »

COMMENTARY: Talking Points on Kamala Harris’s Fracking Reversal – Alex Epstein

Kamala Harris is still for banning fracking—as is everyone who advocates the net-zero agenda By Alex Epstein Myth: Kamala Harris used to be for banning fracking, but now she supports fracking. Truth: Kamala Harris is still for banning fracking—because she is still for the net-zero agenda that requires banning fracking along with all other fossil fuel activities. Kamala …

COMMENTARY: Talking Points on Kamala Harris’s Fracking Reversal – Alex Epstein Read More »

NextDecade LNG Project Paying Price for ‘Wrist Slap,’ CEO Says

Permit ruling was meant to teach regulators a lesson, he says Yanking of Texas permits puts $18.4 billion project at risk Bloomberg News A federal court’s decision to scold a regulatory agency is putting a major Texas liquefied natural gas project — and thousands of associated jobs — at risk, said NextDecade Corp. Chief Executive Officer Matt …

NextDecade LNG Project Paying Price for ‘Wrist Slap,’ CEO Says Read More »

Oil Majors Not Cooperating With Trump Funds Probe, Lawmakers Say

Major US oil and gas companies haven’t been cooperating with a congressional investigation into whether Republican presidential candidate Donald Trump made a “quid pro quo” offer to roll back environmental regulations in exchange for campaign donations, Democratic lawmakers said. Trump sought $1 billion in contributions during an April fund-raising meeting with oil and gas executives at his …

Oil Majors Not Cooperating With Trump Funds Probe, Lawmakers Say Read More »

Texas Capital Ratchets Up Oil Deals as Other Banks Quit Market

Texas Capital ranks among banks making biggest inroads Banks are spreading risk through new syndication models A number of US and Canadian regional banks are rapidly expanding their presence in the market for oil, gas and coal dealmaking, in a move that promises to redraw the map for the financing of fossil fuels. Among those …

Texas Capital Ratchets Up Oil Deals as Other Banks Quit Market Read More »

Tropical Storm Francine Disrupts Gulf Coast Oil, Gas Output

System to become a hurricane Tuesday on path toward Louisiana Chevron halts production at two oil platforms ahead of storm   Tropical Storm Francine is set to become a hurricane Tuesday as it churns toward Louisiana, forcing some oil drillers to halt production and evacuate crews in the Gulf of Mexico. Strong winds and a dangerous …

Tropical Storm Francine Disrupts Gulf Coast Oil, Gas Output Read More »