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Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Shale
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…
Electric Car
Nikola Expects Inflation Reduction Act to Lower Hydrogen, Truck Costs
Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy busi…
Oil Price
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…
Offshore Wind Power
U.S. To Hold Offshore Wind Power Rights Sale off California Coast in December
President Joe Biden's administration on Tuesday said it would hold the first ever sale of offshore wind development rights off the coast of California on Dec. 6…
Oil Price
U.S. Could Sell Oil From Emergency Reserve This Week -Sources
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, thre…
LNG
U.S. Approves LNG Shipping Waiver for Puerto Rico After Hurricane
The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurr…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Net Zero Emission
GM Backs Setting Tough U.S. Emissions Targets for 2030
General Motors Co said on Tuesday it backed establishing tougher federal emissions standards to help ensure at least 50% of new vehicles sold by 2030 are zero-e…
Crude Oil
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive re…
Floating Offshore Wind
Biden Administration Throws Support Behind Floating Offshore Wind
The Biden administration announced a goal of installing as much as 15 GW of floating offshore wind energy capacity by 2035, and said it plans to auction off lea…
Electric Car
Biden Announces First Round of Funding for EV Charging Network Across 35 States
Biden has been a big proponent of EVs, signing into law incentives to encourage consumers to buy them and companies to build them.
Geothermal Power Plant
US Department of Energy Launches Geothermal Earthshot Initiative
This is the DoE's fourth energy Earthshot initiative launched in the Biden administration
Electric Car
Factbox: U.S. Climate Package Jump-Starts EV, Clean Energy Projects
U.S. President Joe Biden's signing of the Infrastructure Reduction Act (IRA) on Aug. 16 unlocked hundreds of billions of dollars in climate-related investments.…
CCS
Biden Administration Targets Industrial Decarbonization Through Electrification, Low-Carbon Fuels, CCUS
The Biden administration has laid out a comprehensive roadmap to help five energy-intensive manufacturing sectors reduce their fuel- and power-related carbon em…
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