Tag Archives: United States of America

U.S. crude production won’t bounce back in 2021 from last year’s fall, the Energy Information Administration forecast in its January Short-Term Energy Outlook released Tuesday. The EIA estimated that U.S. output will fall to 11.1 million barrels a day this year. Production dropped to 11.3 million barrels a day in …

The U.S. removed the ban on American crude oil exports to countries other than Canada in 2015, unleashing a new force on the global oil market to be reckoned with. Soaring shale production over the past half-decade has not only helped America to reduce its reliance on foreign oil imports, …

Nearly 67% of the public think the planet is in a worse shape than it has ever been and that the world needs to act within the next 12 months, according to a new study.

Oil prices were up on Thursday over a more-than-expected decline in US crude oil inventories and on clashes between supporters of US President Donald Trump and the police in the Capitol in Washington, Anadolu Agency reported. International benchmark Brent crude was trading at US$54.80 per barrel at 0706 GMT for …

An Iraqi official stated that Washington has extended the exemption granted to Iraq from the sanctions imposed on Iran in the energy field for an additional three months. He pointed out, according to Agence France-Presse, “this new exemption, which is longer than all previous exemptions, is the result of long …

A Norwegian firm that was meant to have provided technical and safety certificates for Russia’s gas pipeline to Germany has abandoned the project due to US sanctions. “DNV GL will cease all verification activities for the Nord Stream 2 pipeline system in line with sanctions and while sanctions are in …

A record 19GW of new solar capacity has been installed this year, according to a new report.

Twelve years ago, the Department of Energy was so central to the incoming Obama administration’s stimulus plans that DOE staffers were among the first through the doors at the transition headquarters, helping the Secret Service take the plastic wrap off tables and chairs so they could get to work. Now, …

It is also supporting the creation of a consortium dedicated to developing control technologies for a modernised electric grid.

US commercial crude oil inventories decreased by 1.2% for the week ending Dec. 25, according to data released by the Energy Information Administration (EIA). Inventories decreased by 6.1 million barrels to 493.5 million barrels, more than the market expectation of a fall of 2.1 million barrels. Strategic petroleum reserves, which …