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HomeUS Energy News

US Energy News

Louisiana
CCUS

Louisiana residents ask state to halt next phase of carbon capture project

August 4, 2023 Mariel Alumit

​ This article first appeared in the Louisiana Illuminator, an independent, nonprofit, nonpartisan news organization with a mission to cast light on how decisions in Baton Rouge are made and how they affect the lives […]

Marathon
Downstream

Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins

August 3, 2023 Mariel Alumit

(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]

CHENIERE
Earnings

CHENIERE TOPS EARNINGS ESTIMATES DESPITE WEAKER LNG PRICES

August 3, 2023 Mariel Alumit

HOUSTON, Aug 3 (Reuters) – Top U.S. liquefied natural gas exporter Cheniere Energy Inc on Thursday reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook. The better-than-expected results came despite […]

Energy
Downstream

5 Energy Stocks to Buy on Oil Price Surge

August 3, 2023 Mariel Alumit

After lagging for most of this year, the energy sector made a strong comeback on oil price surge. Oil price logged in the best month since January 2022 with crude oil rising more than 15% […]

ConocoPhillips
Big Oil Companies

ConocoPhillips misses on profit, hikes full-year output forecast

August 3, 2023 Mariel Alumit

HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Earnings at U.S. oil producers have been dented by weak oil […]

Energy
Crude Oil News

Energy trade groups urge Biden administration to support domestic energy production with “robust” offshore leasing program

August 3, 2023 Mariel Alumit

(WO) — The American Petroleum Institute and Energy Workforce & Technology Council joined with 17 energy trade groups representing all sectors of the U.S. natural gas and oil industry in calling on the Biden administration […]

Price
EIA News

Inflation-adjusted U.S. energy spending increased by 25% in 2021

August 3, 2023 Mariel Alumit

 August 3, 2023 Data source: U.S. Energy Information Administration, State Energy Data SystemNote: GDP=gross domestic product In 2021, the amount U.S. consumers spent on energy (energy expenditures) grew to over $1.3 trillion when […]

Massachusetts
Climate Crisis

More Massachusetts cities seek to ban gas, citing lack of diversity in pilot and urgency of climate crisis

August 3, 2023 Mariel Alumit

​ Climate activists, legislators, and municipal leaders in Massachusetts are pushing a bill that would give any town or city the option to ban new fossil fuel hookups. State law currently allows just 10 communities […]

US oil industry giant warns Democrats' green energy push fuels a 'doomed' economy
Energy Policy

US oil industry giant warns Democrats’ green energy push fuels a ‘doomed’ economy

August 2, 2023 Mariel Alumit

An American fracking and oil pioneer has cautioned that the Biden administration’s green transition means the end of the energy renaissance and economic prosperity. “If we don’t handle policy right on energy, then we’re doomed to repeat […]

oil
Crude Oil News

US pulls back offer to buy 6 million barrels of oil for emergency reserve

August 2, 2023 Mariel Alumit

WASHINGTON (Reuters) -The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep […]

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