United states

Oil Price

U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices

The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.

Joe Biden

Japan Will Act Appropriately on Oil Reserves Release

Japan will act appropriately on oil reserves release while closely watching global developments, the industry minister said on Friday, ahead of a meeting by Int…

Electric Vehicle Battery

Biden to Invoke Defense Production Act for Electric Vehicle Battery Materials

President Joe Biden will invoke the Defense Production Act to encourage domestic production of minerals required to make batteries for electric vehicles and lon…

United States

U.S. Renewable Energy Production in 2021 Hit an All-Time High and Provided More Energy than Either Coal or Nuclear Power

U.S. production and consumption of renewable energy reached an all-time high in 2021, according to a SUN DAY Campaign analysis of new data released by the U.S. …

LNG

U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand

The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to …

Joe Biden

Biden Will Give Remarks on Thursday on Efforts to Lower Gas Prices

President Joe Biden will give remarks on Thursday on his administration's actions to reduce gasoline prices in the United States.

United States

Shell Fires up Olympus Tie-Back in Gulf of Mexico

Oil major Shell has kicked off production from a deepwater tie-back to its Olympus production hub, unlocking further value in the U.S. Gulf of Mexico.

Offshore Wind Power

U.S. Offshore Wind Supply Chain: By the Numbers

The U.S. needs 2,100 wind turbines, 6,800 miles of cable, 2,100 foundations, 58 crew transfer vessels, and up to 50,000 trained workers to meet the Biden admini…

Oil Price

Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks

Oil prices climbed on Wednesday on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showe…

LNG

U.S., German Officials to Meet this Week on LNG, Hydrogen Supplies

U.S. and German government officials will meet in Berlin this week with energy industry executives to discuss ways to boost Germany's energy supplies, as Russia…

United States

Hydropower Industry Sees Room for Growth in US

As the United States pushes to use more low-carbon energy, there has been a recent improvement in relations between the hydropower industry and some environment…

Crude Oil

U.S. Oil Exports Surge, Drawing Crude away From Storage Hub

U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub …

LNG

Latvia Mulls Options for Its Own LNG Terminal

Investors from the United States and the Middle East are among at least four groups expressing an interest in construction of a Liquefied Natural Gas (LNG) term…

United States

Why Gas Prices Have Soared in America

Why gas prices are high even though the U.S. doesn't depend on Russia for oil?

LNG

EU Strikes Gas Deal with the U.S. as It Seeks to Cut Its Reliance on Russia

U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukr…