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Trump Plans Immediate Energy Push After Inauguration

U.S. President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan. 20 inauguration.

December 17, 2024

Biden’s LNG Study to Stop Short of Halting New Exports

A study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to sources.

December 16, 2024

Tanker Rates Hit by OPEC+ Delays, Weak China Demand

The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39.05 on Dec. 13.

December 16, 2024

New Jersey Considers Fees on Gas, Oil Producers

TRENTON, N.J. — The New Jersey Legislature is considering charging gas and oil producers fees, and creating a Climate Superfund to clean up toxic waste.

December 12, 2024

US Considers New Russia Oil Sanctions to Weaken Putin

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine.

December 11, 2024

OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.

December 11, 2024

US Sees Small Global Oil Deficit in 2025

The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.

December 10, 2024

Recycler to Be First US Supplier of Key EV Battery Component

Ascend Elements said it will start to market lithium carbonate, a key component in EV batteries, that it has been able to recycle and refine at its Covington, Ga., facility.

December 10, 2024

Diesel Price Drops 8.2¢ in Year’s Largest Decline

The decline represents the largest weekly drop since Dec. 11, 2023, when prices fell 10.5 cents. At the national level, diesel remains 52.9 cents cheaper than the same week in 2023.

December 9, 2024