Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories but both gasoline and diesel stocks remain below the five-year average. The crude inventory draw compared with another modest of 1.2 million […]
Continue ReadingDaily Standup Top Stories Job One for Doug Burgum at Interior – David Blackmon December 11, 2024 Clark Savage Anticipating a potential Donald Trump win over first Joe Biden and then Kamala Harris in the presidential race, officials and bureaucrats have spent the last 12 months pushing out as many new regulations as they […] Oil Wobbles […]
Continue ReadingWeekly Daily Standup Top Stories Half of U.S. at risk for blackouts during extreme cold this winter, grid watchdog warns November 24, 2024 Clark Savage A new report by the North American Electric Reliability Corporation (NERC), which assesses the United States and Canada’s grid reliability, finds that much of the central and eastern U.S. could experience blackouts […]
Continue ReadingDaily Standup Top Stories Europe Is Already Facing Its Next Energy Crisis November 23, 2024 Clark Savage With winter still approaching, storage is being emptied faster than usual and gas prices have surged, raising echoes of the 2022 shock. Rapidly depleting gas reserves and looming supply cuts from Moscow have the makings […] Half of U.S. at […]
Continue ReadingDaily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and he is well on his way to doing that by selecting Chris Wright as Secretary of Energy. Chris is the […] US […]
Continue ReadingDaily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite affordability concerns. Consumer advocates fear that this move could raise gasoline prices by almost 50 cents per gallon. Currently, Californians […] […]
Continue ReadingWeekly Daily Standup Top Stories Georgia’s Clean Energy Outpaces Fossil Fuels with New Nuclear Boost September 22, 2024 Stu Turley For the first time ever, the U.S. state of Georgia has more clean power than hydrocarbon fueled power in its grid. Unit 3 and Unit 4 at Plant Vogtle near Waynesboro, Georgia, have started commercial […] Heavy […]
Continue ReadingDaily Standup Top Stories Is driving electric now more expensive than petrol or diesel? September 23, 2024 Mariel Alumit Britain’s public charging network is facing criticism for high costs, making electric vehicle (EV) driving potentially twice as expensive as using petrol or diesel cars. The UK now has over 12,500 rapid and ultra-rapid charging […] Austria election […]
Continue ReadingDaily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […] Layoffs […]
Continue ReadingDaily Standup Top Stories South Dakota clashes with Minnesota on clean energy, coal plant closures July 8, 2024 Mariel Alumit SIOUX FALLS, S.D. – A political border war between South Dakota and Minnesota on how to handle tax policies, abortion and the pandemic response could spill over into renewable energy and the future of coal […] ConocoPhillips […]
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