OPEC+ Drama Helps Gasoline to 1st Week Above $2 Since 2019

© Reuters. By Barani Krishnan Investing.com –  US gasoline futures finished their first week above $ 2 per gallon since 2019, while global crude benchmark Brent neared $ 70 a barrel, after producer alliance OPEC+ largely withheld a production hike for next month, defying market expectations. New York-traded settled at $ 2.065 per gallon on […]

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Give shut-out U.S. coal, auto workers a chance in green energy – Manchin

3/3 © Reuters. FILE PHOTO: Senator Joe Manchin Democrat of West Virginia discusses climate policy coal and renewable energy at a press briefing at the IHS Markit CERAWeek conference in Houston 2/3 By Timothy Gardner WASHINGTON (Reuters) – U.S. coal and auto industry laborers who have lost jobs as the economy moves to green energy […]

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Oil hits almost 14-month high after OPEC+ extends output cuts

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing By Noah Browning LONDON (Reuters) – Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await […]

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U.S. needs ‘make-ready’ infrastructure to promote electric vehicles

2/2 © Reuters. FILE PHOTO: The charging socket is seen on Ford Motor Co’s all-new electric Mustang Mach-E vehicle during a photo shoot at a studio in Warren, Michigan 2/2 By Stephanie Kelly NEW YORK (Reuters) – U.S. utilities need to invest in so-called “make-ready” infrastructure to promote electric vehicle use, which includes wiring parking […]

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OPEC+ debates whether to raise or freeze oil output as price recovers

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members in Algiers, Algeria By Rania El Gamal and Olesya Astakhova DUBAI/MOSCOW (Reuters) – OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally […]

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U.S. readies $40 billion in loans to boost clean energy – official

© Reuters. FILE PHOTO: Former Michigan Governor Jennifer Granholm testifies before the Senate Energy and Natural Resources Committee in Washington By Timothy Gardner WASHINGTON (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to reactivate her department’s loan program office that went mostly unused in the last four years and has […]

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Oil up as OPEC+ considers rollover rather than raising output

2/2 © Reuters. Views of Total Grandpuits oil refinery 2/2 By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. was up […]

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State treasurers pressure Marathon to end lockout at Minnesota refinery

© Reuters. A Marathon Petroleum banner covers an Andeavor sign outside the El Paso refinery in El Paso By Laura Sanicola (Reuters) – A group of state treasurers are pressuring Marathon Petroleum (NYSE:) to end a lockout at a Minnesota refinery that has left 200 union members out of work for two months, according to […]

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OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

© Reuters. OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks (Bloomberg) — OPEC’s production plunged last month as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut. Output from the group fell by 920,000 barrels a day — the biggest drop in eight months — to 24.87 million […]

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Biden’s trade rep pick says she will fight Chinese trade barriers, including censorship

© Reuters. U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative. WASHINGTON (Reuters) – President Joe Biden’s U.S. trade representative nominee, Katherine Tai, said on Monday she would work to fight a range of “unfair” Chinese trade and economic practices and would seek to treat Chinese censorship as […]

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