Downstream

This post was originally published on this siteBy David Shepardson GM, Stellantis have paid significant fuel economy penalties in recent years Senators say proposal would save automakers $200 million Proposal is latest move in Washington to make it easier to sell gas-guzzlers WASHINGTON, June 6 (Reuters) – The Transportation Department paved the way for looser […]

This post was originally published on this siteWASHINGTON, June 6 (Reuters) – The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump’s energy emergency directives. The approval authorizes the Montana-based coal

This post was originally published on this siteJune 6 (Reuters) – HSBC expects OPEC+ to accelerate supply hikes in August and September, which is likely to raise downside risks to the bank’s $65 per barrel Brent forecast from the fourth quarter of 2025, it said in a research note on Friday. The bank expects OPEC+

This post was originally published on this site(Reuters) – The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China’s power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war. The suspensions were issued by the U.S. Department of Commerce, the

This post was originally published on this site(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas

This post was originally published on this siteMusk called for Trump’s impeachment and insinuated Trump was involved in the files related to disgraced New York financier Jeffrey Epstein By Akayla Gardner, Josh Wingrove, Kate Sullivan and Derek Wallbank U.S. President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next

This post was originally published on this siteBy Eamon Farhat Britain is relying on a renewables expansion that is too slow to meet the booming power needs of data centers and risks missing its 2030 decarbonization targets as a result. Regardless of whether the nation’s data center buildout maintains its current momentum or accelerates, increasing

This post was originally published on this siteBy Nicholas Lua Ethane terminal pipelines and other infrastructure stands inside the Sunoco Logistics Marcus Hook Industrial Complex in Marcus Hook, Pennsylvania, U.S., on Friday, April 8, 2016. U.S. production of ethane, a key feedstock for petrochemical manufacturing, is expected to increase to 1.4 million barrels per day

This post was originally published on this siteBy Christine Dobby The terminus for the Coastal GasLink natural gas pipeline is seen at the LNG Canada export terminal under construction in Kitimat, British Columbia, in 2022. Photographer: Darryl Dyck/The Canadian Press/AP Images I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every

This post was originally published on this siteMore than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada’s oilpatch next week for the Global Energy Show, which is to kick off with a keynote address from the head of the Organization of the Petroleum Exporting Countries. OPEC secretary-general Haitham