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 »
Moves could appeal to cost-sensitive voters in tight contests Pause on LNG export permits could stoke fresh outcry Vulnerable Democrats in swing states are increasingly sounding the alarm about Biden environmental policies that risk turning off cost-conscious moderate voters they need to win at the ballot box. The warnings pose an election year challenge for US President Joe …
Biden Power Plant and EV Plans Hit a New Obstacle: Vulnerable Democrats 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 »
(Reuters) – Investors that use shareholder resolutions to pressure companies on environmental and social issues said they are worried that an Exxon Mobil lawsuit bypassing the U.S. securities regulator could undermine their influence. Under appointees of U.S. President Joe Biden, the Securities and Exchange Commission (SEC) has made it more difficult for companies to prevent …
Activist Investors Fret over Exxon Mobil’s Lawsuit Bypassing U.S. Regulator Read More »
New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT™16 turbine delivered to Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton Progress follows delivery of advanced hydrogen compression technologies for NEOM green hydrogen company in Saudi Arabia, …
~ Record Q4 2023 Sales Volumes Near High End of Guidance ~ ~ Further Reduced Debt in Addition to Making Final Payment for the Founders Acquisition ~ THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational and financial update for …
Katy, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — CW Petroleum Corp (CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announced unaudited financial results for the fourth quarter ended December 31, 2023, Year-End 2023. Key Financial Highlights for Three Months Ended December 31, 2023, Compared to Prior Year Period: 2023 …
CW Petroleum Corp (CWPE) Reports Revenues for Q4-2023, Year-End Read More »
U.S. oil refiners are expected to have about 1.6 million barrels per day (bpd) of capacity offline for the week ending Feb. 2, decreasing available refining capacity by 322,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 1.5 million bpd in the week ending Feb. 9, IIR added. …
U.S. Oil Refiners’ Weekly Capacity Seen Down 322,000 Bpd – IIR Read More »
OFS companies face a variety of challenges. Despite the rise of oil prices since 2021 and production increases, oil price volatility continues to torment the industry. Competitive pressures are accelerating, driven by customers that continue to demand more value for less money. Supply chain issues have slightly abated, but cost increases continue to squeeze the …
Boosting OFS Asset Utilization: It Starts on the Frontline Read More »
