U.S. ethane exports are expected to decline by 80,000 barrels per day (b/d) during 2025 and by 177,000 b/d in 2026, according to a June 18 report published by the U.S. Energy Information Administration. The decline can be attributed to new licensing requirements for U.S. ethane exports to China. The licensing requirement, announced by the…...
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…...
The Maryland Public Service Commission on June 13 issued an order ending subsidies for new natural gas line extensions, a move that significantly alters how utilities recover infrastructure costs and aligns gas planning with the state’s decarbonization laws. The decision directs that new customers must pay the full cost of connecting to the gas system,…...
Recent carbon market auctions have delivered mixed results underscoring the growing impact of…Read the full report …...
Recent carbon market auctions have delivered mixed results underscoring the growing impact of federal policy shifts on regional emissions trading programs.
The U.S. Interior Department announced on June 12 a proposed rule to withdraw the 2024 “Ten-Day Notices and Corrective Action” rule. The 2024 rule, implemented by the previous administration, introduced definitions and deadlines that undermine clear intent of the Surface Mining Control and Reclamation Act of 1977, which designates states as the primary regulators of…...
U.S. companies have finalized four 20-year agreements with Japan’s JERA Co. to supply up to 5.5 million tons per year of liquefied natural gas, according to a June 11 press release from the U.S. Energy Department. The deals are expected to support over 50,000 U.S. jobs and contribute more than $200 billion to U.S. GDP,…...
The Washington Department of Ecology on June 11 reported that all available emissions allowances were sold in the state’s tenth quarterly carbon auction, reinforcing the program’s stability and effectiveness. With this auction, total revenue generated for climate-focused initiatives has now reached nearly $3.2 billion since the program was launched in early 2023. The latest auction…...
Atlantic Shores Offshore Wind has filed a petition with the New Jersey Board of Public Utilities requesting consent to terminate its 1,509.6-megawatt offshore wind contract off the coast of New Jersey, citing legal and financial impracticability stemming from a federal permitting freeze and inflationary pressures. The request follows the withdrawal of a critical air permit…...
