U.S. average retail gasoline prices during 2025 are estimated to decline by 11 cents per gallon (gal), or three percent compared to 2024, and a further 18 cents/gal, or six percent during 2025, according to an Jan. 22 report published by the U.S. Energy Information Administration. The price decrease over the next two years can…...
The Northeast Power Coordinating Council (NPCC) on Jan. 21 released a report highlighting the risks of natural gas dependency for electric reliability in Northeastern regions. The extensive analysis received input from diverse stakeholders including electric and gas system operators and the North American Electric Reliability Corporation (NERC). NERC commended the initiative to analyze the ability…...
The U.S. Energy Department on Jan. 21 announced that it is ending the pause on new liquefied natural gas (LNG) export permits following an executive order issued by President Donald Trump. The Office of Fossil Energy and Carbon Management is required to resume consideration of pending applications to export U.S. LNG to countries without a…...
U.S. President Donald Trump took action on Jan. 20 to temporarily withdraw areas of the Outer Continental Shelf from offshore wind energy leasing and review federal wind leasing and permitting practices. The action also stops federal agencies from issuing new or renewed approvals for offshore or onshore wind projects pending completion of a comprehensive assessment…...
Brent crude oil prices are expected to decline from an average of $81 per barrel (b) during 2024 to $74/b in 2025 and $66/b in 2026, according to an Jan. 21 report published by the U.S. Energy Information Administration. The agency’s price decline expectations can be attributed to slower demand growth and robust global growth…...
U.S. President Donald Trump issued a series of executive actions on Jan. 20, declaring a national energy emergency, initiating fossil fuel expansion, and withdrawing the U.S. from the Paris Climate Agreement. These actions represent a sharp departure from former President Biden’s renewable energy and climate-focused policies. The declaration of a national energy emergency seeks to…...
The U.S. Interior Department on Jan. 17 approved the Construction and Operations Plan for Ocean Wind’s proposed SouthCoast Wind Project, which is designed to generate up to 2.4 gigawatts (GW) of offshore wind power. The project, which marks the 11th commercial-scale offshore wind energy facility in the U.S., has the potential to supply 840,000 residents…...
Brent crude oil prices averaged $81 per barrel (b) during 2024, largely similar to the U.S. Energy Information Administration forecast of $82/b made during January 2024, according to a Jan. 17 report published by the agency. During January 2024, the agency forecasted that market supply and demand fundamentals would be largely balanced during the year,…...
The U.S. Energy Department on Jan. 17 finalized a $584.5 million loan guarantee to subsidiaries of Convergent Energy and Power to fund a solar photovoltaic system with an integrated battery energy storage system and three separate battery storage projects across Puerto Rico. The initiative is part of the Biden administration’s commitment to modernize and rebuild…...
Discussions on utilities’ natural gas planning are progressing, with several U.S. states actively engaging stakeholders to identify solutions and shape future strategies. These efforts focus on…Read the full report …...
Discussions on utilities' natural gas planning are progressing, with several U.S. states actively engaging stakeholders to identify solutions and shape future strategies. These efforts focus on critical issues such as aligning regulatory frameworks with state climate goals, ensuring reliable service, and adapting to evolving market and technology changes.
The U.S. Energy Department on Jan. 16 finalized a $1.66 billion loan guarantee to Plug Power to develop up to six clean hydrogen production sites that will use the company’s electrolyzer technology. Hydrogen fuel produced from these sites is expected to power fuel cell-electric vehicles in material handling, transportation, and industrial sectors, cutting greenhouse gas…...