Tag Archives: United States of America

The United States on Saturday allowed the country’s oil giant Chevron Corp. to resume “limited” extraction of natural resources in Venezuela and to export Venezuelan oil, after the Venezuelan government and the opposition alliance reached a deal to break the political stalemate. Chevron received a six-month license that authorizes the …

The days of explosive growth in U.S. shale oil production are over. American oil production is rising, but at a much slower pace than it did before the 2020 crash, and at lower rates than expected a few months ago. The new priorities of the shale patch – capital discipline …

The Inflation Reduction Act that Congress passed earlier this year was hailed by the wind, solar, and EV manufacturing industries and environmentalists as the key to the energy transition, providing billions in funding for low-carbon electricity production and, of course, EVs. Because of the ambitious EV plans of the administration—and …

Crude oil inventories sagged by another 4.8 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 5.8 million barrels in the week prior. Analysts anticipated a smaller 2.2 million barrel draw. U.S. crude inventories may have grown by roughly 21 million barrels so far this year, according …

Surging global demand for liquefied natural gas is set to nearly triple U.S. LNG exports over the next decade, as LNG buyers seek diversification and reliable, low-cost supply, energy consultancy Wood Mackenzie said in a new report this week. LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico …

The number of total active drilling rigs in the United States rose by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count increased to 782 this week—219 rigs higher than the rig count this time in 2021, and 297 rigs lower than …

The Biden administration has asked Congress to approve $500 million in funds for the modernization of the four sites of the country’s Strategic Petroleum Reserve, suggesting in its request that the SPR is at risk of shortfalls. In a request to Speaker Nancy Pelosi, the White House’s Office of Management …

American and European start-ups are racing to develop new batteries using two abundant, cheap materials — sodium and sulphur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles. Today’s EVs run on lithium-ion batteries — made with lithium, cobalt, manganese and high-grade …

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday. The …

The U.S. Customs and Border Protection has seized more than 1,000 shipments of China-made solar power equipment over a new U.S. law targeting forced labor in a Chinese region, industry sources and customs officials told Reuters, in a development that could derail the solar energy boom in the United States. …