Tag Archives: United States of America

U.S. Auto Supplier Shuts Plant on Lower EV Demand

An auto supplier that manufactures electrified propulsion systems, among others, has closed a factory in Detroit because of the drop in demand for electric vehicles. In a statement cited by CBS, Dana Inc. said that the closure decision was the result of an “unexpected and immediate reduction in customer orders …

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U.S. Oil Growth Shifts from Shale to Gulf

For over a decade, the shale patch has been the engine behind U.S. oil production growth. Now, the pattern is shifting to offshore oil amid tech advances and maturing shale reservoirs—with the help of a pro-oil federal government. Earlier this year, the Energy Information Administration said it expected oil output …

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India Eyes Long-Term U.S. LPG Supply

India’s biggest state-owned oil companies seek long-term supply of liquefied petroleum gas (LPG) from the United States for the first time, according to tender documents Bloomberg has reviewed. Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPRL), and Hindustan Petroleum Corporation Limited (HPCL) are seeking long-term deals with the U.S. for …

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EIA Data Shows Record U.S. Oil Output after Major Upward Revision

The U.S. Energy Information Administration just delivered a statistical shock: July’s monthly data shows U.S. total liquids output hitting a record 21.218 million barrels per day, nearly 500,000 bpd higher than the agency’s weekly estimates had implied. Crude production came in at 13.642 million bpd, with natural gas liquids at …

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Natural Gas is America’s Secret Weapon in the AI Power Race

Top natural gas producers and pipeline operators expect the industry and various U.S. states to accelerate approval and development of natural gas infrastructure in the new normal American electricity market of rising demand and consumer bills. American ratepayers have seen electricity prices rising at a faster pace than U.S. inflation …

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