Wednesday, August 13, 2025
EPA Set to Cancel $7 Billion in Solar Project Grants- oil and gas 360

EPA set to cancel $7 billion in solar project grants

(Oil Price)– The U.S. Environmental Protection Agency (EPA) plans to terminate $7 billion in federal grants for solar power projects in low-income communities, the New York Times reports, as the Trump Administration continues to roll back Biden’s climate legislation and funding.   The EPA is currently drafting termination letters to the 60 recipients of $7 billion in total federal grants

Three years into war, US and Europe keep billions in trade with Russia- oil and gas 360

Three years into war, US and Europe keep billions in trade with Russia

(BOE Report)– Three years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine, the United States and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium. India this week lashed out at what it called Western double standards, after facing renewed threats from U.S. President Donald

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 3 million barrels

Weekly Crude Oil Storage as of August 1, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3 million barrels from the previous week.  At 423.7 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,