Crude oil prices and refinery margins declined during the first quarter of 2025, according to a May 1 report published by the U.S. Energy Information Administration. Crude oil prices reached a quarterly high on Jan. 15 and were valued at $82/barrel (b) and settled the quarter at $75/b. The price decline can be attributed to…...
Electricity use in New England is set to grow over the next decade, reversing a long-standing trend of declining demand. Annual electricity consumption in the region is projected to rise by 11 percent through 2034, with most of the increase attributed to the growing use of electric vehicles and heating systems, according to a new…...
U.S. imports of petroleum products declined by 210,000 barrels per day (b/d) during 2024 to average 1.8 million b/d, according to an April 29 report published by the U.S. Energy Information Administration. Imports of all main transportation fuels declined. Motor gasoline accounts for the highest share of U.S. petroleum product imports, since it is the…...
The Bureau of Land Management’s Montana-Dakotas State Office leased 11 parcels totaling 4,266.06 acres for just over $3.4 million in its quarterly oil and gas sale, according to an April 29 press release. The auction proceeds will be shared between the federal government and the states of North Dakota and Montana. The BLM conducts oil…...
U.S. companies Bechtel and Westinghouse and Polish company Polskie Elektrownie Jądrowe (PEJ) on April 28 signed the Engineering Development Agreement (EDA) for Poland’s first AP-1000 nuclear power plant. The agreement follows on from an initial agreement and is a component of a bigger nuclear energy security agreement to construct large-scale civil nuclear reactors in Poland…....
Below seasonal normal temperatures across the U.S. during January and February led to higher natural gas consumption and higher gas withdrawals from U.S. natural gas storage sites than normal, according to an April 28 report published by the U.S. Energy Information Administration. At the end of March, U.S. underground storage in the Lower 48 states…...
The New York State Public Service Commission on April 24 approved channeling surplus funds from the NY-Sun initiative into new solar projects that benefit low-income households. The state is expected to reach its 10-gigawatt distributed solar goal with $421 million left over from the program’s original $3.27 billion budget. About $150 million of that surplus…...
The U.S. Interior Department on April 24 announced a policy enhancement that will increase offshore oil production in the Gulf of America. As part of the executive order issued by President Trump on Jan. 20 titled, “Unleashing American Energy,” the Bureau of Safety and Environmental Enforcement (BSEE) employed new parameters for Downhole Commingling in the…...
The Trump administration has issued a series of executive orders aimed at revitalizing the U.S. fossil fuel industry, including removing barriers to coal mining and expanding oil and gas development on federal lands. The actions seek…Read the full report…...
The Trump administration has issued a series of executive orders aimed at revitalizing the U.S. fossil fuel industry, including removing barriers to coal mining and expanding oil and gas development on federal lands. The actions seek to reverse prior policy shifts, promote energy independence, and position fossil fuels as critical to economic growth, grid reliability, and national security.
The U.S. Interior Department on April 23 announced it will execute emergency permitting procedures to fast track the development of critical minerals and domestic energy sources. The permitting procedures are in line with U.S. President Donald Trump’s executive order declaring a National Energy Emergency in January 2025. The order seeks to prioritize domestic fossil fuel…...
