United states

LNG

Pilot LNG Proposes New Texas LNG Bunkering Terminal

Natural gas infrastructure specialist Pilot LNG announced on Friday a new project to construct a dedicated liquefied natural gas bunkering terminal in Texas, U.…

Coal Trade

Trump Administration Invests in ‘New Future’ for Coal

The U.S. Department of Energy announced on Friday it will provide $118 million in funding to support research and development of technologies to make coal power…

Crude Oil

Virus Surge Dents Oil Demand Recovery Optimism

Jul.19 -- Oil futures are holding steady with an ongoing surge in coronavirus cases in some parts of the U.S. tempering optimism for a demand recovery.

LNG

LNG Markets May Not Recover Until 2021

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020.

United States

New York to Invest $750 Million to Expand Electric Vehicle Infrastructure

An investment program that would allocate $750 million to build charging stations and other electric-vehicle infrastructure as part of the state's long-term goa…

United States

India to Create its First Overseas Oil Stockpile in US

India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…

United States

US Oil & Gas Rig Count Falls to Record Low for 11th Week: Baker Hughes

The US oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 253 in the week to July 17.

China

Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise

Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…

Oil & Gas Trade

Tanker off UAE Sought by US Over Iran Sanctions ‘Hijacked’

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates.

Energy Storage Project

Energy Storage Set to Compete in US Wholesale Markets Following Landmark Ruling

Distributed energy storage facilities in the United States will join the wholesale market and compete to provide grid services.

Market Analysis

Rising Global Coal Demand by 2050 Unavoidable, DOE Official Says

The United States and other countries need to take massive action to capture and store carbon dioxide from coal-fired power plants.

Oil & Gas Trade

Putin, Trump Discuss G7 Summit, Oil Markets Over Phone

Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.

Electric Car

China's Chery Auto Plans to Sell Cars in EU, United States: Chairman

China's Chery Automobile, which has a manufacturing partnership with Jaguar Land Rover, is planning to sell its own-branded cars in the European Union and Unite…

Oil & Gas Trade

US and Iran on Collision Course Over Oil Shipments to Venezuela

The first of five Iranian oil tankers headed to Venezuela has arrived, amid tension over the possibility the United States could attempt to halt the deliveries.

Solar Technology

Lead-Free Quantum Dot Solar Cells with 10% Efficiency

Scientists in the United States have created a quantum dot solar cell which has a photon-to-electron conversion efficiency of 85%. The device is also said to ex…