Post Tagged with: "US"
Europe’s sustainable fund flows grow as U.S. ESG market shrinks
Investor appetite for ESG funds and other sustainable investments remains steady in Europe, in stark contrast with the United States, where the ESG backlash has had investors pull billions of U.S. dollars out of sustainable funds over the …
UPDATE 2-US and Japan announce joint partnership to accelerate nuclear fusion
WASHINGTON – The United States and Japan announced a joint partnership to accelerate development and commercialization of nuclear fusion, the U.S. Department of Energy said on Wednesday.
The partnership was announced as Japanese Prime Minister Fumio Kishida was …
The U.S. energy grid is increasingly vulnerable to cyberattacks
The U.S. grid’s vulnerability to cyberattacks has grown, the North American Electric Reliability Corporation has warned.
According to the regulator, the number of vulnerability points in the grid had grown from between 21,000 and 22,000 at the end …
CERAWEEK- US should not “flip-flop” on gas export policy- Hess CEO
HOUSTON – The United States should not flip-flop on its gas export policy, Hess CEO John Hess said on Tuesday.
U.S. President Joe Biden’s administration has hit pause on permits for new liquefied natural gas (LNG) export plants …
U.S. to back Nevada lithium project with $2.26 billion loan
Lithium Americas Corp has received a conditional commitment for a $2.26-billion loan from the U.S. Department of Energy to help it build lithium processing facilities in Nevada, as the Biden Administration looks to support America-produced lithium and reduce …
US seeks oil for emergency reserve as maintenance winds down
WASHINGTON – The U.S. is seeking to buy 3 million barrels of oil for the Strategic Petroleum Reserve (SPR), as one storage site winds down maintenance that had tempered the pace of replenishing the stockpile, the U.S. Energy Department …
Oil rises 2% on supply disruptions in Russia, U.S
HOUSTON -Oil prices rose about 2% on Monday on concerns over global energy supplies following a Ukrainian drone strike on Russia’s Novatek fuel terminal and as extreme cold weather continued to hamper U.S. crude production.
Brent March crude …
U.S. natural gas prices gain over 3% after hitting 1997 low
U.S. natural gas prices gained over 3% on Wednesday, recovering from a four-year low earlier in the week as European demand popped and unseasonably warm temperatures in the southern United States boosted cooling demand to make up for …
Japex sees U.S. as ‘enticing’ destination for energy exploration
TOKYO – Japan Petroleum Exploration (Japex) 1662.T sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year’s election, its senior managing executive officer said on …
Will U.S. oil boom keep booming?
When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices had retreated.
Even as the war spread and …
US pause on LNG exports raises pressure on Canada, BC to do same
WINNIPEG, Manitoba – U.S. President Joe Biden’s decision to pause expansion of American liquefied natural gas (LNG) exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may …
Freezing temperatures in U.S. shut in over half of North Dakota’s oil production
(Bloomberg) – Freezing temperatures sweeping the U.S. shut in more than half of North Dakota’s oil production and curbed refinery operations in Texas.
The outage in the second-largest U.S. shale basin briefly lifted West Texas Intermediate futures. Physical …
US energy tax credit trading grows to as much as $9 billion, study finds
NEW YORK – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a …
U.S. becomes top LNG exporter following restart of Texas’ Freeport LNG facility
(Bloomberg) – The U.S. has become the world’s biggest exporter of liquefied natural gas (LNG) for the first time, with 2023 shipments overtaking leading suppliers Australia and Qatar.
The U.S. exported 91.2 million metric tons of LNG in …
U.S. shale growth could exceed forecasts in 2024
U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by coordinated supply reductions.
U.S. production growth is expected …
US Gulf of Mexico oil auction is largest since 2015
New throughout, adds sale results, statements from oil industry and environmental group
(Reuters) -A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to …
U.S. launches Red Sea force as ships reroute to avoid attacks
MANAMA/DUBAI – The United States on Tuesday launched a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni militants forced major shipping companies to reroute, fueling concern over sustained disruptions to global trade.…
U.S. record-breaking oil output one more blow to OPEC
Record crude oil production in the United States is serving a fresh blow to oil bulls and OPEC, just as the cartel was trying to push benchmarks higher by adopting deeper production cuts. The EIA reported last week …
US kicks off a spate of oil and gas auctions just as COP28 gets underway
The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations’ conference aimed at …
Exxon to start lithium production for EVs in the US by 2027
HOUSTON – Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics.
Oil majors are investing in the …
OPEC+ members send less oil to U.S., adding to tight supply outlook
NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according to flows data and analysts.…
RBC: The U.S. could tighten the oil sanctions on Iran
The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy at RBC Capital Markets, told …
U.S. to lose 2.5M BPD in refining capacity this maintenance season
Fall refinery maintenance in the United States will see almost 2.5 million barrels per day of capacity taken offline, Bloomberg reports, with more capacity cuts possibly coming early next year. In what Bloomberg describes as the “heaviest” …
US power grids must adapt to rapid electrification, operators say
Rapid electrification poses risks to power grids across the United States that are straddling the twin goals of decarbonizing the sector and maintaining reliable supply, grid operators told U.S. lawmakers on Thursday.
Appearing before the Energy, Climate, and Grid …
US plans sharp reduction in offshore oil and gas auctions
The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through …