U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. Backed by President Donald Trump and Republican leadership, the legislation takes down many of the clean energy incentives established under the Inflation Reduction Act while accelerating fossil fuel development on public…...
U.S. operable atmospheric distillation capacity, the key measure of refinery capacity, totalled 18.4 million barrels per calendar year (b/cd) on Jan. 1, 2025, flat compared to the previous year, according to a June 30 report published by the U.S. Energy Information Administration. In 2025, ExxonMobil, Valero, and Marathon—the three largest U.S. refiners—each reported calendar day…...
The U.S. Interior Department on June 17 announced it is taking action to issue a new Integrated Activity Plan that aligns with its 2020 plan for managing the 23-million-acre National Petroleum Reserve in Alaska. A draft analysis issued for public comment supports a new alternative that would reopen up to 82 percent of the reserve…...
The price of Brent crude oil rose from $69 per barrel (b) on June 12 to $74/b on June 13, according to a June 16 report published by the U.S. Energy Information Administration. The price increase can be attributed to escalating tensions between Israel and Iran are heightening concerns about the security of the oil…...
U.S. total energy production surpassed 103 quadrillion British thermal units in 2024, up one percent from the previous record set last year, according to a June 9 report published by the U.S. Energy Information Administration. Solar, wind, biofuels, natural gas, natural gas plant liquids, crude oil each reached domestic production highs in 2024. The largest…...
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…...
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…...
A Across the U.S., a growing number of states are exploring market-based strategies to reduce the carbon intensity of transportation fuels. This reflects a broader trend toward the development of…Read the full report …...