US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says

Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …

US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says Read More »

EU Publishes Rules for Ban to Close ‘Back Door’ for Russian Oil

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – The European Union has set a requirement for fuel importers into the bloc to prove their fuels are not made from Russian crude, according to a document published on Thursday. The document provides guidance on the EU’s upcoming ban on imports of fuels refined from Russian crude, part of its 18th sanctions package …

EU Publishes Rules for Ban to Close ‘Back Door’ for Russian Oil Read More »

US Crude Stocks Climb as Refining Utilization Tumbles, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks rose more than expected last week as refining utilization dropped sharply to its lowest in eight months, data from the Energy Information Administration showed on Thursday. Crude inventories increased by 3.5 million barrels to 423.8 million barrels in the week ended October 10, the EIA said, compared with analysts’ expectations …

US Crude Stocks Climb as Refining Utilization Tumbles, EIA Says Read More »

Qatar’s Energy Minister Warns EU Law Could Stop it Supplying LNG to Europe

CDN and International News, Conventional Energy, Latest, LNG / By

By Maha El Dahan Qatar supplies 12%-14% of Europe’s LNG since Russia’s invasion of Ukraine Qatar’s energy min says calls to EU Commission go unanswered Changes proposed by EU lawmakers this week don’t address Qatar’s key concerns Oct 16 (Reuters) – Qatar will not be able to do business in the EU, including supplying Europe …

Qatar’s Energy Minister Warns EU Law Could Stop it Supplying LNG to Europe Read More »

Russia Strikes Ukraine’s Gas as Zelenskiy Readies for US

CDN and International News, Conventional Energy, Latest, Natural Gas / By

By Aliaksandr Kudrytski and Olesia Safronova Russia attacked Ukraine’s natural-gas infrastructure overnight, dealing a fresh blow to output as President Volodymyr Zelenskiy prepares for talks in Washington. The Ukrainian leader is set to visit the US capital after Moscow ramped up strikes against his country’s energy facilities, knocking out nearly 60% of gas production this …

Russia Strikes Ukraine’s Gas as Zelenskiy Readies for US Read More »

Russia Set to Keep LNG Flowing to China Despite UK Sanctions

CDN and International News, Conventional Energy, Latest, LNG / By

By Stephen Stapczynski and Rong Wei Neo Blacklisted Russian liquefied natural gas shipments are poised to keep entering China as both countries seem prepared to circumvent the UK’s latest sanctions. The UK on Wednesday imposed restrictions on the Beihai LNG terminal in southern China, citing its imports of fuel from a sanctioned Russian facility. However, …

Russia Set to Keep LNG Flowing to China Despite UK Sanctions Read More »

States Sue to Stop Trump Cancellation of $7 Billion Solar Grant Program

Latest, Renewable Energy, Solar, US News / By

Oct 16 (Reuters) – Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court papers. In a statement on Thursday, California Attorney General Rob Bonta announced two lawsuits by a group of states that received grants …

States Sue to Stop Trump Cancellation of $7 Billion Solar Grant Program Read More »

Fossil Fuels to Dominate Global Energy Use Past 2050, McKinsey Says

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

(Reuters) – Oil, gas and coal will continue to dominate the world’s energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. WHY IT’S IMPORTANT Continued use of fossil fuels poses a major challenge to achieving global net-zero climate targets. Electricity demand will rise mainly …

Fossil Fuels to Dominate Global Energy Use Past 2050, McKinsey Says Read More »

Kremlin Says Russia is Selling High-Quality Oil at Low Prices to Nations Trump is Trying to Lobby

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Kremlin spokesman Dmitry Peskov said on Thursday that Moscow was able to supply high-quality oil at lower prices to countries that U.S. President Donald Trump is trying to persuade to stop buying Russian oil. Peskov said that the principles of free trade would be violated if such countries were deprived of the right …

Kremlin Says Russia is Selling High-Quality Oil at Low Prices to Nations Trump is Trying to Lobby Read More »

North America’s LNG Export Capacity Could More Than Double by 2029, EIA Says

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) by 2029, the U.S. Energy Information Administration said on Thursday. The EIA cited its Liquefaction Capacity File and trade press reports for the forecast, and added …

North America’s LNG Export Capacity Could More Than Double by 2029, EIA Says Read More »

Subscribe
Subscribe