The Mississippi River is a vital U.S. waterway that ferries key commodities between the heart of America and the Gulf Coast—and drought is putting waterborne trade in jeopardy. Drought depleted river levels so much that […]
Based on our latest Drilling Productivity Report (DPR), drilled but uncompleted wells (DUCs) in all U.S. DPR regions totaled an estimated 4,283 wells in August 2022, the least in any month since we started estimating DUCs in […]
GE is cutting hundreds of jobs in its onshore wind power group. The move comes as GE faces a trifecta of challenges: Rising input costs, supply chain issues, and competition from the likes of Siemens. […]
The Organization of the Petroleum Exporting Countries (OPEC) and allied oil-producing nations have backed a plan to dramatically slash oil supplies in a bitter blow to President Joe Biden . At an OPEC Plus meeting in Vienna, […]
Cheap US natural gas shipments to Europe are a thing of the past, Texas-based Tellurian’s cofounder said. Inflation means suppliers are looking at paying twice as much to ship LNG, Charif Souki said Tuesday. The […]
Washington sees OPEC+’s decision to slash oil production by more than 2 million barrels a day as political interference and a “blow” against U.S. President Joe Biden, said Dan Yergin, vice chair of S&P Global. […]
Louisiana has informed BlackRock that the state will be liquidating all investments in the corporation, blaming it for the promotion of politically driven green energy—under environmental, social and governance (ESG) standards—over fossil fuels critical to the state’s […]
Today, National Gird ESO published its Winter Outlook for 2022/23, updating its position since the early outlook issued in July, which was widely seen as unrealistic. The position in July was that a capacity margin of 4.0 GW was […]
President Biden and senior officials in his administration have repeatedly said this year that the U.S. is near “record levels” of domestic oil and gas production. According to a new study, however, that’s not exactly the case. The analysis by economists Stephen […]
The economic data coming in the past week is in alignment with prior forecasts. Bottom line, energy driven inflation has collapsed consumer spending, inventories climbing, vendors are cancelling orders, and this is peak season for […]
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