The department had considered cancelling the fiscal year 2023 sale of the 26 million barrels after the Biden administration last year sold a record 180 million barrels from the reserve. But such a cancellation would […]
That price decline came even though liquefied natural gas (LNG) exports jumped to their highest since May 2022 after a vessel picked up a cargo from Freeport LNG’s long-idled export plant in Texas and […]
The US government is moving urgently to nurture new offshore wind and carbon storage industries despite some economic hurdles, according to the nation’s newly minted ocean energy regulator. The tasks of overseeing the buildout of […]
Five weeks after the US stopped draining oil from the Strategic Midterm Petroleum Reserve, which helped push gasoline prices sharply higher in January… … on Monday afternoon, the Biden administration announced plans to sell more […]
By Charles Kennedy of OilPrice.com Gasoline demand in the United States rose by 1.7% last week, and was also 3.7% higher than the four-week moving average, GasBuddy reported as quoted by Reuters. “For the first […]
Clean product tanker rates soared last week after the European Union and G-7 nations targeted Russia’s petroleum sales. Restrictions on Russian crude exports began in early December. The sanctions have been a ploy by Western […]
Wind industry spin doctors are struggling to explain away a troubling uptick in catastrophic and terrifying wind turbine collapses. Gravity is not kind to these 300-tonne monsters; hundreds of them have collapsed around the world […]
Gas prices have spiked in San Diego and across California. That may sound like old news after months of high prices at the pump, but this time another kind of gas is running up the […]
February 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2023 In our February Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will remain similar to 2022 at above 90% […]
The US Department of Energy (DOE) has announced a USD 30 million funding opportunity to advance the cost-effective domestic manufacturing of materials, including lightweight composites, that could allow wind turbines to produce power more efficiently. […]
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