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…...
U.S. hydropower generation is expected to increase by 7.5 percent to 259.1 billion kilowatthours (BkWh) during 2025, however will remain 2.4 percent below the previous 10-year average, according to a May 19 report published by the U.S. Energy Information Administration. Hydropower production during 2024 declined to 241 billion BkWh, the lowest level since at least…...
The 2025 hurricane season is expected to bring 17 named storms, surpassing the 1991–2020 average of 14, according to a May 20 report published by the U.S. Energy Information Administration. During the 2025 Atlantic hurricane season, meteorologists are expecting between 13 to 18 named storms, including 3 to 6 storms with direct impacts on the…...
The U.S. Energy Department on May 20 finalized its 2024 study of liquefied natural gas exports, releasing its response to comments and concluding that the complete record from the study supports the view that exporting LNG from the U.S. is in the public interest. This action marks an important step towards resuming consideration of applications…...
The U.S. Energy Department on May 15 announced new actions to increase accountability and reduce wasteful spending of U.S. taxpayers’ money. As part of the Secretarial Memorandum titled, “Ensuring Responsibility for Financial Assistance, “ the department outlined its policy for evaluating financial assistance on a per case basis to recognize inefficient utilization of U.S. taxpayers’…
