Brent crude oil and petroleum product prices are projected to increase for the remainder of 2024, according to a March 21 report published by the U.S. Energy Information Administration. The projected price increase can be attributed to the announcement that OPEC+ will extend the current voluntary production cuts through the second quarter of 2024. The…...
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of…Read the full report …...
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of low-carbon and renewable alternatives.
U.S. gasoline and diesel prices rose during February although retail average prices are below 2023 levels for this time of the year, according to a March 6 report published by the U.S. Energy Information Administration. The price increase can be attributed to the sharp decline in refinery utilization and decreasing regional inventories across the major…...
U.S. crude oil production has risen significantly over the last decade, in line with productivity increases at new wells according to a Mar .5 report published by the U.S. Energy Information Administration. The U.S. became the world’s largest crude oil producer in 2018 and as of October 2023 accounts for about 16 percent of total…...
U.S. crude oil production reached an all-time high in August 2023, according to a Jan. 23 report published by the U.S. Energy Information Administration. The increase in production can be attributed to higher output in Texas. The state has primarily been producing relatively dense crude oil throughout 2023. Oil production in Texas, which has remained…...
The U.S. Environmental Protection Agency on Jan. 12 proposed measures to reduce wasteful methane emissions in the oil and gas sector in accordance with the 2022 Inflation Reduction Act, or IRA. The proposed rule involves imposing charges on significant emitters that exceed emissions intensity levels established by Congress. In December, the agency issued New Source…...
Fifty companies, representing over 40 percent of global oil production have committed to near-zero methane emissions and end routine flaring by 2030 under the Oil and Gas Decarbonization Charter (OGDC) launched at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change. The charter is part of series of initiatives launched…...