US crude oil production is expected to have record growth by 2024
The United States should make up the vast majority of non-OPEC oil growth as the country’s oil drillers work overtime.
Norway is now Germany’s biggest supplier of imported gas, replacing Russia
Germany has traded Russia for Norway as the country’s import share dropped to just 22% in 2022. Russia began gradually cutting its gas supply via the Nord Stream pipeline to Germany over the summer and shortly thereafter ceased supplying via pipeline in September.
Japan to continue to ship Russia LNG despite pushback
While harsh sanctions have been imposed on Russia and its companies since February 2022 and the invasion of Ukraine, Japan has hesitated to join the fray.
Not so fast - diesel is on the rise, again
After seven weeks of price declines of the fuel providing some ease to the crippled truck drivers who rely upon it, the diesel prices rose another 4.6 cents this week.
U.S. and Qatar are tied for world’s largest LNG exporter
LNG stands for liquefied natural gas, a form of natural gas that has been cooled to a liquid state, making it easier to store and transport.
$750 million DOE grant issued to hydrogen technologies for heavy-truck fuel cells
The U.S. Department of Energy must be feeling generous after a commitment of $750 million to assist in lowering the cost of lower the cost of hydrogen technologies for heavy-truck fuel cells, hydrogen delivery, and hydrogen storage.
Dipping gasoline prices may be too good to be true
GasBuddy, an app that provides real-time gas price information, is projecting that Americans may see an average of $4 per gallon by May.
Kansas section of the Keystone Pipeline is back online 3 weeks post-spill
Canada-based T.C. Energy issued repairs, inspection, and testing before bringing the damaged section back online after the incident in early December.
Russia’s gas exports to Europe have plummeted
After Europe (Russia’s largest customer for gas exports) cut ties with the country over the war raging in Ukraine, the exports to the region have reached a post-Soviet low.
Gas prices will be difficult to predict in 2023
The past twelve months have consisted of all-time highs and wild variating fluctuations as sanctions on Russian oil sent prices of crude through the roof early in the year.
EPA has updated its standards for the first time since 2001
The Environmental Protection Agency’s tougher pollution standards will be issued for compliance on 2027 models of large trucks, delivery vans, and buses.
Keystone pipeline is reopened after a historical rupture
All except the specific site of the largest onshore crude oil spill in almost ten years between northern Oklahoma and Kansas is back in working order.
Hydrogen energy solutions provider Plug Power is looking to usher the world to carbon neutrality
Based in Albany, New York, Plug Power is developing what they have called a “green hydrogen highway.”
Reducing emissions in trucking is becoming a leading issue on the global stage
At COP27 in Copenhagen, Denmark this November, international leaders discussed carbon-related emissions from heavy trucks, both long-haul and drayage.
Last week’s Topeka, KS oil spill is the largest in Keystone history
On December 8th, a ruptured pipe burst into a creek and filled it with enough crude to fill an Olympic-sized swimming pool.
Chinese solar manufacturing giants buckle down against international trade challenges
China is asking some of its biggest solar panel manufacturing companies to get tough and hold steady against an incoming barrage of international “threats” to their trade power.
Turning up the heat: natural gas prices set to skyrocket
With the winter months almost upon us and thermostats being turned up a few notches, Americans can expect the prices on their natural gas bills to be on an upward trajectory.
Gasoline is now cheaper in the U.S. than it was prior to Russia’s invasion of Ukraine
The US average price per gallon for gasoline is now $3.47, sitting below the $3.54 price in February, prior to the invasion.
The price of diesel has fallen 17.2 cents in two weeks
Standing now at $5,141 per gallon, the national average price of diesel is reflecting its largest drop since the 14.5-cent decline in early August.
Crude oil prices skyrocket as shipping trade route reaches $100k per day
In a breach that eclipsed the early 2020 surge, soaring shipping costs reached $100,000 a day this week on the industry’s benchmark trade route.