Crude oil production in the Federal Offshore Gulf of America is projected to average 1.80 million barrels per day (b/d) during 2025 and 1.81 million b/d during 2026, marginally higher than 1.77 million b/d during 2024, according to a June 6 report published by the U.S. Energy Information Administration. The agency projects natural gas production…...
The 68th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the more than 15.2 million CO2 allowances offered at a clearing price of $19.63, according to results released on June 6. This is slightly below the $19.76 clearing price in the previous…...
The U.S. Interior Department on June 4 announced the availability of over $119 million in fiscal year 2025 abandoned mine land reclamation fee-based grants for eligible tribes and states. The announcement is in sync with U.S. President Donald Trump’s commitment to unleashing American energy and revitalizing the U.S. coal industry. AML reclamation assists with employment…...
U.S. biodiesel and renewable diesel production declined significantly during the first quarter of 2025, due to negative profit margins and ambiguity regarding federal biofuel tax credits, according to a June 4 report published by the U.S. Energy Information Administration. The agency projects production of both fuels to rise during the remainder of 2025, but biodiesel…...
U.S. crude oil production has increased by more than threefold since January 2010, in line with tight oil production growth in the Permian region, according to a June 2 report published by the U.S. Energy Information Administration. Onshore crude oil production entails both newer tight oil production, mostly from horizontally drilled wells and legacy oil…...
The U.S. Energy Department on May 29 approved a final authorization for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries from Port Arthur LNG Phase II, Texas. This is the first final LNG export approval under U.S. President Donald Trump’s authority and outlines a significant step in reinstating LNG export permits, reversing…...
ISO New England Internal Market Monitor (IMM) reported that the region’s wholesale electricity markets remained competitive and efficient in 2024, despite a notable increase in prices driven by carbon emissions costs and a sharp decline in energy imports. The findings, published in the ISO’s 2024 Annual Markets Report, released on May 29, offer a detailed…...
New York State has announced plans to establish a dedicated interagency working group to expedite the deployment of electric vehicle (EV) charging infrastructure and support the broader adoption of zero-emission vehicles (ZEVs) across all transportation sectors, according to a May 28 news release from the Department of Environmental Conservation. The initiative aligns with the state’s…...
The California Independent System Operator curtailed 3.4 million megawatt-hours of utility scale solar and wind output during 2024, up 29 percent from the volume curtailed during 2023, according to a May 28 report published by the U.S. Energy Information Administration. The grid operator curtails wind and solar powered electricity production, in order to balance demand…...
The U.S. Energy Department on May 23 announced the designation of coal utilized in steelmaking as a critical material under the Energy Act of 2020. The announcement is in accordance with the executive order “Reinvigorating America’s Beautiful Clean Coal Industry,” issued last month. As part of the executive order, President Trump has made it a…...
The retail price for U.S. regular grade gasoline as of May 19, averaged $3.17 per gallon (gal), down 11 percent from last year, according to a May 22 report published by the U.S. Energy Information Administration. U.S. gasoline prices heading into Memorial Day weekend are 14 percent lower in real terms compared to last year…...
The U.S. Energy Department on May 21 announced it will reallocate $365 million in funding to tackle Puerto Rico’s grid resiliency and develop access to secure, reliable and affordable power supply. The funding, directed through the Puerto Rico Resilience Fund, will be used to support practical fixes and emergency actions that provide a speedy, more…...
