Canada is the second-biggest destination for U.S. energy exports, next only to Mexico, and the main source of U.S. energy imports, according to a June 5 report from the U.S. Energy Information Administration. In 2019, energy accounted for $85 billion, or 27 percent, of the trade value for U.S. imports from Canada; crude oil and…...
The U.S. Environmental Protection Agency on June 1 issued a final rule specifying the timeframe for states to review water quality requirements for infrastructure projects under a section of the Clean Water Act. The rule requires states or authorized tribes to take final action within one year of a certification request. The agency also clarified…...
The Federal Energy Regulatory Commission on June 5 announced it will convene a technical conference next month to consider the ongoing impacts of the COVID-19 pandemic on various segments on the U.S. energy industry. The agency will analyse the potential longer-term impacts on regulated entities to ensure efficient functioning of energy markets, power transmission, oil…...
U.S. biomass-based diesel imports increased by 26 percent in 2019 to more than 27,000 barrels per day after three consecutive years of decline, according to a June 2 report from the U.S. Energy Information Administration. Production of biomass-based diesel, which refers to biodiesel and renewable diesel, is largely driven by federal and state policies as…...
U.S. active crude oil and natural gas rigs dropped to their lowest number in over three decades, according to a May 20 report from the U.S. Energy Information Administration. The number of rigs declined sharply to 339 on May 12, a 56 percent decline since March 17, due to an unprecedented drop in petroleum demand…...
The U.S. Interior Department’s Bureau of Ocean Energy Management on May 14 issued a final rule to update regulations for oil and gas operations in the central and western Gulf of Mexico and the area off the North Slope Borough of Alaska. The changes do not relax any air pollution standards, but make technical and…...
Oil and gas regulators across U.S. states are weighing measures to address the sudden oversupply of oil under the effects of the COVID-19 pandemic that has resulted in an unprecedented drop in demand for oil.
The U.S. Energy Department on May 14 released a request for proposals to buy up to one million barrels of sweet crude oil produced by domestic producers amid an unprecedented drop in demand caused by the COVID-19 pandemic. The oil will be delivered to Strategic Petroleum Reserve sites located in Bayou Choctaw, Big Hill, and…...
The U.S. Agriculture Department on May 5 issued a notice of funding of up to $100 million in competitive grants for projects designed to boost the sale and use of renewable fuels under the Higher Blends Infrastructure Incentive Program, or HBIIP. The initiative will offer cost-share grants of up to 50 percent of project costs,…...
The Federal Energy Regulatory Commission on May 8 issued a policy statement providing guidance on the agency’s response to the effects of the COVID-19 mitigation measures on oil pipelines. The commission said it will act expeditiously on requests for certain temporary waivers or extensions of time for compliance with certain regulations. The commission said it…...
Natural gas markets have a tendency to react to regional factors while crude oil markets respond swiftly and most times drastically to world events, according to a April 29 report from the U.S. Energy Information Administration. The correlation of daily price movements across the West Texas Intermediate, or WTI, and Brent are typically above 0.90…....
U.S. petroleum consumption dropped to its lowest level in nearly three decades due to the travel restrictions in place to curb the spread of COVID-19, as well as the economic downturn resulting from the pandemic, according to an April 23 report from the Energy Information Administration. The U.S. demand averaged 14.1 million barrels per day…...