U.s

Oil Price

Oil Prices Dip After Industry Data Shows U.S. Crude Stockpiles Rising

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, EIA Says

U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy O…

LNG

UK’s Centrica Signs $8.5B Long-Term Deal to Import U.S. LNG

Centrica, the owner of British Gas, has signed a heads of agreement with U.S. firm Delfin Midstream to import LNG starting in 2026 from a planned floating LNG e…

Crude Oil

EIA Lowers U.S. Oil Production Forecast

The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.

CCS

Oil Major BP Drilling Appraisal Well in Texas for Carbon Sequestration

Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

United States

U.S. Senate Passes Inflation Reduction Act to Energy Industry Applause

The clean energy industry celebrated a moment on August 7, 2022, that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure …

United States

US Launches Research Group to Grow Domestic Solar Industry

The U.S. Department of Energy (DOE) has launched the Cadmium Telluride Accelerator Consortium to make cadmium telluride (CdTe) solar cells less expensive, more …

Carbon Emissions

U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit

U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more…

United States

Climate Groups React to U.S. Senate Passing the Inflation Reduction Act

The Senate passed the most ambitious climate spending package in U.S. history on Sunday, prompting optimism among environmental advocates after months of gridlo…

United States

DOE Awarding $26M to Projects that Prove the Grid Can Run on 100% Clean Energy

The U.S. Department of Energy (DOE) announced $26 million to fund projects that will conclusively show that electricity grid can reliably run with a mix of sola…

Oil Price

Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …

Nuclear Power Plant

U.S. Regulator Approves Georgia Vogtle 3 Nuclear Plant Operation

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday said it has authorized Southern Co to load nuclear fuel and begin operation at its Vogtle plant's Unit…

LNG

Less U.S. Gas to Asia, Freeport Explosion Reduce LNG Vessel Transit Through Panama

The Panama Canal has seen a 30% fall in the traffic of vessels carrying liquefied natural gas (LNG), driven by Asia's weak demand for U.S. LNG and limited expor…

Gas Turbine

GE Gas Power Awarded $4.2M to Boost Gas Turbine Efficiency

GE Gas Power has secured $4.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to advance development …

Electric Car

U.S. Senate Democratic Deal Would Expand EV Tax Credits

A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to …