Downstream

This post was originally published on this siteDec 9 (Reuters) – U.S. natural gas futures held mostly steady on Thursday as a bigger than expected storage withdrawal and hiked forecasts for U.S. demand over the next two weeks offset a 3% decline in European gas prices. The U.S. Energy Information Administration (EIA) said U.S. utilities […]

This post was originally published on this siteDec 9, 2021 (Bloomberg) –Investors face an historic opportunity to put their money into renewable energy assets given the global consensus that now exists around the urgent need for decarbonization, according to Brookfield Asset Management Inc.“The market opportunity is truly massive,” Connor Teskey, chief executive of renewable power

This post was originally published on this siteDec 9, 2021 Oil fell after three days of gains as traders weighed mixed signals on how the omicron variant of the virus may impact fuel demand. Futures slipped under $72 a barrel in New York, having climbed more than 9% over the prior three sessions. While lab

This post was originally published on this siteDec 9, 2021 (Bloomberg) –U.S. companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. American firms have to draw between 20% and 50% of their electricity from regional electric

This post was originally published on this siteDec 8, 2021 (Bloomberg) (This story was originally published on Feb. 11. The U.S. House passed legislation Wednesday to punish China for its treatment of Uyghur Muslims.) Chinese solar companies are among 175 around the world that signed a non-binding pledge by a U.S. trade group to avoid forced

This post was originally published on this siteDec 8, 2021 (Bloomberg) Crude inventories at the nation’s biggest storage hub have recovered above a key threshold, easing some fears of a future supply shock.Stockpiles at Cushing, Oklahoma, rose above 30 million barrels last week, marking four consecutive builds, according to data from the Energy Information Administration. Earlier

This post was originally published on this siteDec 8, 2021 (Bloomberg) Devon Energy Corp.’s rank-and-file workers are in for a surprise holiday treat: $10,000 bonus checks. In the latest sign that boom times are back for the U.S. oil patch, Devon told its 1,600 employees on Tuesday that workers below the vice president level will be

This post was originally published on this sitePresented by Liz O’Connell, President & Co-Founder of Arolytics With increasing regulatory and ESG pressures to measure and disclose oil and gas emissions, how can you become an industry leader in emissions management in 2022? The Pandell Leadership Series is pleased to welcome Liz O’Connell, President of Arolytics,

This post was originally published on this siteSenator Warren blamed natural gas CEOs for rising prices. Here’s how I would respond if I were them. Dear Senator Warren, Today, 12/7, is the deadline you gave natural gas CEOs to respond to your letter blaming them for rising natural gas prices—which you are in fact to blame

This post was originally published on this siteWASHINGTON/DETROIT, Dec 8 (Reuters) – The U.S. government plans to end purchases of gas-powered vehicles by 2035 in a move to lower emissions and promote electric cars under an executive order signed by President Joe Biden on Wednesday. The government owns more than 650,000 vehicles and purchases about