Company News
Industry Headlines
Oil Futures Drop on Minimal Hurricane Beryl Disruptions
July 8, 2024
Oil fell as Hurricane Beryl looked less likely to pose major disruptions to crude infrastructure in Texas.
West Texas Intermediate slid 1% to settle near $82 a barrel after four straight weekly gains. Concerns that Hurricane Beryl would impede oil operations in the Gulf of Mexico and Texas helped drive up futures last week, but weakening product spreads indicate the storm has been less disruptive to infrastructure than expected.
Canada to Reveal Plan for Emissions Cap on Oil and Gas This Fall
Sep 2, 2023
Prime Minister Justin Trudeau's government plans to unveil its proposal to cap oil and gas emissions this fall.
Oil Posts Biggest Weekly Gain Since March
Sep 1, 2023
Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new resolve to bolster its economy, a key engine of global crude consumption.
Saudi Crude Oil Exports Plummet
Sep 1, 2023
Saudi Arabia's crude exports fell sharply in August.
USA Crude Oil Stocks Drop Over 10MM Barrels
Sep 1, 2023
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 10.6 million barrels.
Big Tech Is Coming for Oil Patch Workers
Sep 1, 2023
'Big Tech has a lot of buying power'.
Today in Energy
U.S. energy production exceeded consumption by record amount in 2023
June 26, 2024
In 2023, energy production in the United States rose 4% to nearly 103 quadrillion British thermal units (quads), a record. Energy consumption in the United States fell 1% to 94 quads during the same period. Production exceeded consumption by 9 quads, more than at any other time in our records, which date to 1949.
February 5, 2024
The United Arab Emirates (UAE) has invested heavily in increasing hydrocarbon production capacity and developing midstream and downstream infrastructure to accommodate future growth in hydrocarbon production….
U.S. gasoline prices are on the rise heading into Labor Day
Aug 31, 2023
On the Monday before the Labor Day weekend, August 28, 2023, the retail price of regular gasoline averaged $3.81 per gallon (gal) across the United States. Over the past five weeks, oil production cuts by Saudi Arabia, low U.S. gasoline inventories, and a…
Three countries began importing liquefied natural gas this year, and more will follow
Aug 30, 2023
Global liquefied natural gas (LNG) import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022. Our estimate is based on trade press and data by the International Group of Liquefied Natural Gas …
Solar panel shipments set a new record high in 2022 as capacity continued to grow
Aug 29, 2023
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity…
Food service buildings are highly energy intensive
Aug 28, 2023
Food service buildings including restaurants are nearly four times more energy intensive than commercial buildings are on average in the United States. Food service buildings were the smallest commercial building type, averaging 4,800 square feet per buil…
Florida's electricity generation mix is changing
Aug 24, 2023
Florida's generation mix has become less diverse over the past 20 years as natural gas-fired generation has increasingly accounted for most of the electricity generation in the state and as coal-fired generation and oil-fired generation have declined.