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Crude Inventories Decline Even as Overall Demand Sputters, EIA Says

Crude Inventories Decline Even as Overall Demand Sputters, EIA Says U.S. oil inventories shrunk for a second consecutive week despite a demand drop amid a gradual recovery in economic activity and mixed coronavirus vaccine rollouts. In its Weekly Petroleum Status Report (WPSR), the U.S. Energy Information Administration (EIA) said Wednesday crude inventories for the week ended April 2 excluding those in the Strategic Petroleum Reserve decreased by 3.5 million bbl from the previous week. At 498.3 million bbl, U.S. stocks held 2% above the five-year average. U.S. crude production averaged 10.9 million b/d last week, down 200,000 b/d from the prior week and 2.2 million b/d below the 2020 peak reached in the March 13 week last year, just prior to the pandemic’s full impact in the Lower 48.

New yorkUnited statesLouise dicksonTerm energy outlookAnalysts at clearview energy partnersOrganization of the petroleum exporting countriesUs energy information administrationStrategic petroleumRystad energyWeekly petroleum status reportInformation administrationStrategic petroleum reserveWinter stormClearview energy partnersPetroleum exporting countriesபுதியது யார்க்

Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes

Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes President Biden’s $2.25 trillion American Jobs Plan has generated mixed reactions from the fossil energy industry, as Biden is asking Congress to raise corporate taxes in order to accelerate the clean energy transition. The jobs and infrastructure package underscores the “whole-of-government” approach Biden is taking toward climate and energy policy, a shift from previous administrations. Natural gas and oil industry groups praised the plan’s objectives, such as the expansion of incentives for capturing and storing carbon dioxide (CO2), but said the administration should be clearer about how hydrocarbons fit into Biden’s “Build Back Better” mandate for infrastructure and the economy.

United statesWest virginiaEd longaneckerRaymond jamesJoe manchinPavel molchanovAnalysts at clearview energy partnersTexas independent producers royalty owners associationRaymond james associates incNational electrical contractors associationAmerican petroleum instituteNatural gas association of americaPresident bidenAmerican jobs planInterstate natural gas associationTexas independent producers

Ohio legislature close to revoking nuclear power subsidy

Ohio legislature close to revoking nuclear power subsidy
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United statesSamuel randazzoMike dewineCharles chuck jonesScott disavinoLarry householderPublic utilities commission of ohioThomson reuters trust principlesOhio senateOfficials at energy harborFirstenergy corpFirstenergy solutionsEnergy harborAnalysts at clearview energy partnersEnergy harbor corp davis besseUs federal bureau of investigation

Policy Shift at FERC on GHG Emissions Could Have Profound Consequences for Natural Gas

Policy Shift at FERC on GHG Emissions Could Have Profound Consequences for Natural Gas
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South dakotaUnited statesJames danlyRichard glickMark christieEnergy regulatory commissionAnalysts at clearview energy partnersNorthern natural gas coNational environmental policyFederal energy regulatory commissionNorthern natural gasAdministrative procedure actNorthern naturalClearview energy partnersGas actதெற்கு டகோட்டா

Appeals Court Rebuffs Enviro Groups, Keeps MVP Authorizations in Place

Appeals Court Rebuffs Enviro Groups, Keeps MVP Authorizations in Place The U.S. Court of Appeals for the D.C. Circuit on Friday rebuffed a challenge mounted by environmental groups seeking to stop Mountain Valley Pipeline LLC from restarting construction in areas reauthorized by FERC. A coalition including the Sierra Club, Appalachian Voices and the Chesapeake Climate Action Network late last month filed an emergency motion asking the court to stay recent orders from the Federal Energy Regulatory Commission clearing MVP to resume construction along much of the route outside of a portion near the Jefferson National Forest. The groups also asked the D.C. Circuit to stay FERC’s decision to grant a two-year extension of the original deadline for the project to complete construction.

Mountain valleyUnited statesJefferson national forestRichard glickSierra clubEnergy regulatory commissionUs courtEdison transmission incChesapeake climate action networkAnalysts at clearview energy partnersMountain valley pipelineNextera capital holdings incAppalachian voicesFederal energy regulatory commissionJefferson nationalClearview energy partners