By Christine Buurma and Naureen S. Malik Sep 17, 2020 (Bloomberg) For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain blindsiding traders on Thursday and sending prices plunging by the most in almost two years.U.S. … Read more Natural Gas Craters After Weak Demand, Glut Blindside Bulls

By Mike Jeffers Sep 17, 2020 (Bloomberg) The oil market has a diesel problem and it’s not letting up. While crude stockpiles in the U.S. are sitting at the lowest since April, supplies of distillates, which include diesel, heating oil and jet fuel, are continuing to swell and skyrocketed to the highest level for this time … Read more Swollen Diesel Stockpiles Threaten Oil Price Recovery

By Nathaniel Bullard Sep 17, 2020 (Bloomberg) One of the biggest international oil companies has concluded that oil consumption will peak this decade. That’s the main takeaway from BP Plc’s annual energy outlook published this week outlining a handful of scenarios for the future of global fuel and electricity demand, and it’s a big admission in its own right. Even … Read more An Oil Giant’s Case for Peak Demand, Even Without Climate Heroics

By Josh Saul Sep 15, 2020 (Bloomberg) The next big wave of U.S. bankruptcy filings won’t happen until mid-2021, when companies that borrowed heavily to survive Covid-19 hit a wall, says bankruptcy attorney James Sprayregen of Kirkland & Ellis. “You could think of it as a rat of debt working its way through the snake, and … Read more Pandemic Borrowing Seen Driving the Next Bankruptcy Surge in 2021

By Reuters Staff (Reuters) – California and 19 other states on Monday filed a lawsuit challenging the Trump administration’s decision to weaken curbs on methane emissions from the oil and gas industry, saying the widespread West Coast wildfires should be a reminder of the dangers posed by climate change. U.S. President Donald Trump is scheduled to … Read more California, 19 other states, sue Trump administration for weakening methane rules

By Grant Smith and Sharon Cho Sep 15, 2020 (Bloomberg) Oil rose as data showed China’s economic recovery from the coronavirus crisis is gathering strength, offsetting a bleak assessment of demand by another top energy organization. Futures gained 1.2% with below-average trading volumes in New York. Chinese retail sales rose for the first time this year in August … Read more Oil Rises With China Economic Data Countering Demand Fears

 Sep 14, 2020 (Bloomberg) The Environmental Protection Agency said it won’t retroactively exempt small oil refiners from biofuel blending requirements, a victory for ethanol producers as President Donald Trump attempts to shore up support in the U.S. Corn Belt. The EPA said on Monday it would deny “gap-filling” petitions for 2011-18. Refineries didn’t provide information that would … Read more Trump Denies Oil Refiners’ Push for Biofuel Exemptions

By Erwin Seba HOUSTON (Reuters) – More than one-fifth of U.S. offshore oil production was shut and key exporting ports were closed on Tuesday ahead of Hurricane Sally’s landfall on the U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month. Sally was upgraded to a Category 2 … Read more Refiners, offshore producers shut ahead of Hurricane Sally landfall

By Reuters Staff WASHINGTON (Reuters) – Connecticut filed a lawsuit on Monday against oil giant Exxon Mobil Corp for misleading the public over the impacts of climate change, becoming the latest state to target the fossil fuel industry for violating state consumer protection laws. The state’s attorney general William Tong filed the lawsuit in Connecticut’s … Read more Connecticut sues Exxon for deceiving consumers about climate change

September 14, 2020 Reuters U.S. natural gas futures jumped 4% on Monday as output fell and liquefied natural gas exports soared. That price increase came despite forecasts for milder weather expected to produce little heating or cooling demand over the next two weeks. After falling to a four-week low last week, front-month gas futures rose 9 … Read more U.S. natgas futures jump 4% as output falls, LNG exports soar

By Rakteem Katakey Sep 14, 2020 (Bloomberg) BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday. … Read more BP Says the Era of Oil-Demand Growth Is Over

By Sharon Cho and Grant Smith  Sep 14, 2020 (Bloomberg) Oil declined as companies from BP Plc to Trafigura Group questioned the future of demand growth days before OPEC and its allies meet to assess whether they’re still managing to shore up the market. The rebound has stalled as OPEC+ returns some supply to the market, … Read more Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting

By Grant Smith  Sep 13, 2020 (Bloomberg) It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will convene online, and reflect on whether the coranavirus has thwarted their … Read more OPEC+ Bid to Rescue Oil Market Falters as Demand Recovery Stalls

By Scott DiSavino Sept 11 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in four weeks even as a rebound in crude prices from coronavirus lows over the past few months prompted some producers to return to the wellpad. The U.S. oil and gas … Read more U.S. oil & gas rig count falls for the first time in four weeks -Baker Hughes

By Reuters HOUSTON (Reuters) – Energy producers and communities along the U.S. Gulf Coast organized evacuations of residents and offshore workers on Sunday as they prepared for the second hurricane strike in less than a month. Royal Dutch Shell Plc began shutting some of its offshore drilling operations on Sunday in preparation for Tropical Storm … Read more Oil companies idle production as U.S. Gulf Coast braces for hurricane

By Sheela Tobben Sep 9, 2020 (Bloomberg) Enterprise Products Partners LP became the first to abandon a major crude pipeline in the heart of America’s shale patch on Wednesday in what may be yet another sign that the pandemic-fueled rout in U.S. oil markets isn’t over.With lockdowns across the nation eviscerating fuel demand, Enterprise shelved plans to … Read more Death of a Permian Pipeline Signals Leaner Days Ahead for Shale

By Brian Wingfield, Alex Longley and Jack Wittels Sep 9, 2020 (Bloomberg) Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.China’s buying has slowed after the nation binged when crude was cheap. Some of the largest producers in the Middle East are slashing prices for … Read more Oil Market Buckles Under Pressure of Pandemic’s Second Wave

By Valerie Volcovici WASHINGTON (Reuters) – Democratic lawmakers on Thursday unveiled a U.S. economic recovery agenda that would bolster union jobs while tackling climate change and racial injustice – a wide ranging alternative to Republican proposals for stimulating the coronavirus-battered economy. Senate Minority Leader Chuck Schumer and Representative Deb Haaland introduced the resolution called THRIVE … Read more Democrats unveil green alternative for U.S. economic stimulus

By Ann Koh and Alex Longley Sep 11, 2020 (Bloomberg) Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment earlier in the week and a patchy demand recovery.Futures in London fluctuated around $40 a barrel on Friday, down about 6% for the week. U.S. crude … Read more Oil Set for First Back-to-Back Weekly Losses Since April’s Rout

by Sheela Tobben and Javier Blas Sep 11, 2020 (Bloomberg) Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely … Read more Oil Traders Snap Up Tankers in Sign Second-Wave Glut May Be Near

By Erica Yokoyama (Bloomberg) It has been more than half a century since the world looked on in horror as the Torrey Canyon spilled some 100,000 tons of crude oil onto the coast of Britain. But when just 1,000 tons of fuel oil leaked from the bulk carrier Wakashio last month off Mauritius, it still caused … Read more Why We Still Can’t Stop Oil Spills From Damaging the Environment

By Ann Koh and Alex Longley  Sep 10, 2020 (Bloomberg) Oil fell as industry data pointed to an increase in U.S. crude stockpiles. Futures in New York fell below $38 a barrel after rising 3.5% Wednesday. The American Petroleum Institute reported crude stockpiles climbed by almost 3 million barrels last week, according to people familiar with … Read more Oil Drops After Report Shows U.S. Stockpiles Set to Rise

By Rachel Adams-Heard and Kevin Crowley Sep 9, 2020 (Bloomberg) The meeting would mark the beginning of the end of Lea Frye’s career in oil and gas.It was February 2014. Frye, at the time a senior engineer with Anadarko Petroleum Corp., had the job of calculating how much oil was waiting to be extracted from fields … Read more Anadarko Petroleum: A Worthless Oil Field and the CEO’s $100 Million Windfall

By Jennifer A. Dlouhy and Jennifer Jacobs Sep 8, 2020 (Bloomberg) President Donald Trump announced a 10-year ban on offshore oil development near the coasts of Florida and the southeast U.S. as he wooed voters in a must-win state where polls show the race too close to call. Trump signed a memo effectively extending a moratorium … Read more Trump Extends Drilling Ban to Woo Florida Voters in Tight Race

By Vanessa Dezem, Stephen Stapczynski and Naureen Malik (Bloomberg) –Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way … Read more The New Target for Activists & Investors? Natural Gas! The Rich World’s New Coal

By Ann Koh and Alex Longley Sep 9, 2020 (Bloomberg) Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff.Futures rose 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, … Read more Oil Buoyed By Equity Gains and Technical Support

WASHINGTON (Reuters) – U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut into his support in the Farm Belt, three sources familiar with the decision said. The move, in the form of a direction to the Environmental … Read more Trump administration to deny pending retroactive U.S. biofuel waivers, say sources

By Joe Ryan and Brian Eckhouse By Joe Ryan, Brian Eckhouse and Mark Chediak Sep 9, 2020 (Bloomberg) In a matter of weeks, California has been hit with two record-breaking heat waves, hundreds of blazes, freak lightning storms and dangerously poor air quality. Now, unusually strong winds are threatening to knock down power lines and ignite more … Read more California’s Climate Crisis Is Deepening With 500,000 Going Dark

Jeff Mason U.S. President Donald Trump exits a vehicle prior to boarding Air Force One as he departs Washington for campaign travel to Florida and North Carolina at Joint Base Andrews, Maryland, U.S., September 8, 2020. REUTERS/Jonathan Ernst JUPITER, Fla. (Reuters) – U.S. President Donald Trump on Tuesday signed an order to extend a ban … Read more Trump signs order extending drilling ban off Florida Gulf coast, expands it two other states

By Andreea Papuc and Olivia Konotey-Ahulu Sep 8, 2020 (Bloomberg) U.S. shares tumbled, though major indexes held above session lows, as volatility continued to grip financial markets. Oil plunged, while Treasuries rose with the dollar. The Nasdaq 100 fell as much as 4.3% before paring the drop to less than 3% midmorning. It’s down almost 9% … Read more U.S. Stocks Drop as Oil Plunges, Dollar Rises: Markets Wrap

(Reuters) – The U.S. power industry would struggle to meet presidential hopeful Joe Biden’s proposed mandate that it become carbon neutral by 2035 without some big breakthroughs in clean energy technology, according to a Reuters analysis of planning documents and a survey of top utilities. The country’s top power producers said rapid advances in nascent … Read more U.S. utilities say Biden plan to cut CO2 hinges on breakthroughs

By Kevin Crowley (Bloomberg) Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice. AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they support eliminating … Read more Investment Giants Urge Texas to End Most Natural Gas Flaring

By Ann Koh and Alex Longley  Sep 8, 2020 (Bloomberg) Oil fell to its lowest intraday level since July as signs of faltering demand continue to depress prices. Futures in London traded below $42 a barrel after dropping 1.5% on Monday. Only four of 10 Asian refiners surveyed by Bloomberg said they would be trying to … Read more Oil Falls Past Two-Month Low on Bleak Short-Term Demand Outlook

By Ari Natter and Will Wade Sep 3, 2020 (Bloomberg)  President Donald Trump spent more than $1 billion in taxpayer funds, rolled back environmental rules and tried to stop power plant closings to fulfill a vow he made to West Virginia coal miners in the 2016 campaign. But nothing he’s done is rescuing the coal industry. … Read more Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It

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By Saket Sundria and Alex Longley Sep 3, 2020 (Bloomberg) Oil fell further in New York after the deepest drop since July as concerns mount over OPEC supply and fuel demand.Iraq, a regular laggard in the output curb deal between OPEC and its allies, may seek a two-month extension to implement its compensatory cuts, indicating it won’t be … Read more Oil Drops Again With OPEC Supply and Wavering Demand in Focus

Scott Coenen is the executive director of the Wisconsin Conservative Energy Forum, a nonprofit organization dedicated to providing a voice for conservatives in the state’s energy policy debate. There is a lot f change happening in energy markets across the country. Cheap natural gas and renewables like solar and wind are rapidly coming onto the … Read more Commentary: Are renewables to blame for California’s blackouts?

By Vanessa Dezem Sep 1, 2020 (Bloomberg) With the push for hydrogen as a clean source of energy gathering pace in Europe, one of the region’s biggest utilities cautioned that it’ll be another decade before the fuel is profitable. “It will take 10 to 15 years until this business can yield decent results,” Anja-Isabel Dotzenrath, chief … Read more Hydrogen’s Profit Potential Still a Decade Away, RWE Says

Sonali Paul MELBOURNE (Reuters) – Exxon Mobil Corp (XOM.N) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The … Read more Exxon weighs global job cuts after unveiling Australian lay-off plan

By Naureen Malik Aug 31, 2020, (Bloomberg) Polly is a 10-year-old black-and-white Holstein cow, the oldest in a herd of about 300 on the Bar-Way Farm in Deerfield, Mass. Together they produce 2,000 gallons of milk each day. They also make enough poop to fill about two garbage trucks. The farm makes money off of both. … Read more The Gas Industry’s Survival Plan: Make Fuel From Cow Poop

By Mike Jeffers  Aug 29, 2020 (Bloomberg) Looking at the oil market over the past week, it would be hard to tell that the strongest hurricane in more than a century tore through the Gulf of Mexico before striking southwest Louisiana.Oil drillers shut in 84% of offshore crude output ahead of Hurricane Laura and refiners in … Read more A Major Hurricane Capped Oil Output and Prices Barely Budged

By Andres Guerra Luz Aug 28, 2020 (Bloomberg) Oil rose for a fourth week in a row as U.S. Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.WTI was little changed on Friday and notched a 1.5% gain for … Read more Oil Posts Weekly Gain With Refineries on the Mend After Laura

By Esha Dey  Aug 26, 2020 (Bloomberg) Wall Street’s less skeptical view on Tesla Inc. further solidified on Wednesday after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency.The analyst, Philippe Houchois, raised his … Read more Tesla Touches $400 Billion After Latest Boost From Wall Street

By Ann Koh and Alex Longley Aug 28, 2020 (Bloomberg) Oil stayed in its recent tight range after Hurricane Laura swept the U.S. energy heartland without appearing to inflict major damage on key infrastructure.Futures in New York were steady near $43 a barrel on Friday, with average trading volumes in August plunging to multiyear lows. Laura, one of … Read more Oil Near $43 With Hurricane Laura Unable to Break Market Slumber

Nichola Groom LOS ANGELES (Reuters) – A Los Angeles-area natural gas plant has leaked planet-warming methane gas for years but work to fix the problem tracked by NASA has been delayed until November, a city power official said. Faulty natural gas compressors at the 690-megawatt Valley Generating Station have been leaking more than 10,000 cubic … Read more Los Angeles natural gas plant has been leaking methane for years

By Kevin Varley and Stephen Stapczynski Aug 27, 2020 (Bloomberg) Along with millions of Americans, much of the Gulf Coast’s energy infrastructure is at risk from Hurricane Laura’s “unsurvivable storm surge” that could inflict more than $15 billion in insured losses. Ahead of the storm, liquefied natural gas producers shut wells and vessels steered clear of export … Read more U.S. LNG Exporters Await Damage Impact as Storm Passes

By Brian K. Sullivan  Aug 25, 2020 (Bloomberg) Hurricane Laura is poised to become a roof-ripping Category 3 storm when it comes ashore along the Texas-Louisiana coast, threatening to inflict as much as $12 billion of damage on the region and potentially shutting 12% of U.S. refining capacity for months. Laura’s winds will likely peak at … Read more Hurricane Laura Threatens U.S. With $12 Billion in Damage

By Jennifer A. Dlouhy Aug 24, 2020 (Bloomberg) Environmentalists and Alaska natives are challenging the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar bears and the region’s other wildlife. The groups said they filed a pair of lawsuits Monday in a U.S. … Read more Trump’s Arctic Drilling Plan Challenged Over Polar Bear Threat

By Sarah Ponczek and Katherine Greifeld  Aug 24, 2020 (Bloomberg) The dominance of technology companies has eclipsed every other story in 2020’s pandemic-upended stock market. Now it’s helping speed changes to the world’s most famous equity benchmark. In the biggest reshuffling in seven years, Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the … Read more Exxon Booted from Dow Industrials in Major Embrace of Tech

August 23, 2020 Reuters ExxonMobil Gulf of Mexico Rig Energy firms shut 57.6%, or 1.07 million barrels per day (bpd), of offshore crude oil production in the U.S. Gulf of Mexico because of the twin threat from Hurricane Marco and Tropical Storm Laura, the U.S. government said on Sunday.Also, 44.6%, or 1,205 million cubic feet per … Read more Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat

By Ellen R. Wald Aug 20, 2020 (Bloomberg Opinion) President Donald Trump’s decision last week to roll back some U.S. regulations aimed at curbing methane emissions by oil and gas producers came in for criticism from both environmentalists and some industry leaders, who branded the move as a disappointing step backward. The reality is more nuanced. The updated … Read more Trump’s Methane Emissions Rule Rollback Isn’t a Disaster: Ellen R. Wald

By Christopher Martin and Naureen S. Malik  Aug 21, 2020 (Bloomberg)By Aug. 16, heat was smothering California, and alarms were going off in the city of Folsom. There, the operators of the state’s vast electrical grid were facing a troubling question: Were traders making the burgeoning power crisis worse? What the grid operator did amid … Read more The Blackout Trade: How a Power Market Went Dark in California

By Alex Longley and Sharon Cho Aug 20, 2020 (Bloomberg) Oil declined from a five-month high in New York with the U.S. Federal Reserve and OPEC+ sounding caution on the demand recovery as many countries struggle to contain the coronavirus.Futures fell about 1% below $43 a barrel amid a broader slide in equities after minutes from … Read more Oil Slides From Five-Month High on Warnings About Recovery