President Joe Biden this week signed into law ambitious new legislation that aims to address human-caused climate change over the next decade. The Inflation Reduction Act, which passed in the House and the Senate along party lines earlier this month, also addresses inflation, […]
From California to Texas to New England, America’s power grid reliability is in alarming shape. And there’s a common thread: The nation is taking apart its existing energy infrastructure far faster than it’s building reliable […]
(Reuters) – Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis. […]
During the past year, open interest, or the total number of West Texas Intermediate (WTI) futures and options contracts that have not been settled, has declined by 763,000 contracts (26%), averaging 2.28 million contracts in […]
Unions at Shell Plc’s Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year […]
At last count, there were 214 wind farms and 111 solar farms in Texas. Dozens more are under construction, and hundreds more under consideration. Those in operation generate about a quarter of the state’s electricity, […]
Energy Intelligence balances show the world should have enough crude oil through 2023 if some spare capacity is tapped, with a wider margin of error if an Iran nuclear deal can be clinched. Tepid demand from still-high prices for […]
August 17, 2022 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) Changes to both production and consumption of global liquid fuels have changed our forecast for balances between the two for the rest […]
August 18, 2022 Data source: U.S. Energy Information Administration, U.S. Natural Gas Exports and Re-Exports by Point of Exit Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day […]
Walmart’s operations looked to have stabilized after the company’s guidance was forced to admit it was facing a rough patch due to surging inflation for food and gas. The company had revised its full-year profit […]
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