Canada’s oil producers are poised to pour about half a million barrels of new daily output - more than the total production of some OPEC members - into world markets over the next year or so.
BRIDGEPORT, Texas - For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.
Pennsylvania State Sen. Gene Yaw has filed legislation to repeal the Regional Greenhouse Gas Initiative (RGGI) carbon tax.
Thursday, February 01, 2024
WASHINGTON - A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden's pause on new approvals for liquefied natural gas (LNG) exports, the Energy Department said on Thursday.
Tuesday, January 30, 2024
U.S. natural gas futures plunged to a nine-month low on Tuesday after the lower-priced March contract became the front-month and on forecasts for milder weather and lower heating demand over the next two weeks than previously expected.
Monday, January 22, 2024
Saudi Arabia's crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Wednesday, January 17, 2024
Retail gasoline prices in the U.S. could fall this year due to an increase in inventories and refining capacity, while reduced consumption could bring them further lower in 2025, the Energy Information Administration (EIA) said on Wednesday.
Tuesday, January 09, 2024
U.S. battery storage capacity could increase by 89% by the end of 2024 if all planned energy storage systems are brought online at the targeted time, the Energy Information Administration said on Tuesday.
Thursday, January 04, 2024
U.S. gasoline and distillate inventories posted large builds last week as demand slipped, while crude stocks fell more than expected, the Energy Information Administration said on Thursday, news that sank prices for crude, gasoline and heating oil.
Wednesday, January 03, 2024
Community Power Coalition of New Hampshire, a collective of 50 towns, cities and counties in New Hampshire, has announced a 26% drop in the Community Power base electric rate to 8.1 cents per kilowatt-hour (kWh) starting in February.
Tuesday, January 02, 2024
Oil rose in New Year trading after Iran sent a warship into the Red Sea, escalating Middle East tensions, and as the outlook for Chinese crude demand brightened.
Monday, January 01, 2024
DERRY — Sunny days may be ahead to help the town’s electric bill thanks to a grant opportunity to support a planned solar farm project on old landfill property.
Sunday, December 31, 2023
You won't hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has.
Friday, December 29, 2023
American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down retail prices, according to analysts' forecasts.
Monday, December 18, 2023
ISSAQUAH, Wash. — Some lawmakers across the country think the future of climate policy looks like this: A growing network of states forming a carbon market, forcing polluters to pay by the ton for the greenhouse gases they emit and reinvesting the revenues into clean energy and electrificati…
Sunday, December 17, 2023
A federal judge has ruled in favor of the Merrimack Generating Station in a 2019 lawsuit filed by the Sierra Club and Conservation Law Foundation against the company that owns the plant, Granite Shore Power, claiming it polluted the Merrimack River with heated wastewater and violated a permi…
Friday, December 15, 2023
Liberty Utilities customers can look forward to saving some money on energy bills early next year, after the Public Utilities Commission voted Friday to approve an electric supply rate decrease to 9.76 cents per kilowatt hour.
Thursday, December 14, 2023
Eversource and Unitil delivered early Christmas presents to their New Hampshire customers: lower electric rates.
Thursday, December 07, 2023
SPRINGFIELD, Massachusetts – Nearly a year ago, a powerful storm swept across New Hampshire, breaking about 200 power poles.
Wednesday, December 06, 2023
Oil stretched declines into a fifth session — touching the lowest since early July — as a flood of US exports and doubts over whether OPEC+ will be able to deliver on its planned production cuts raised concerns about oversupply.
Thursday, November 30, 2023
BRASILIA/RIO DE JANEIRO — Brazil hopes to join the OPEC+ group of oil-producing countries in January after a full technical analysis, the country’s energy minister said on Thursday, however sources said Brazil is not expected to take part in the group’s coordinated output caps.
NEW YORK - U.S. crude production in September rose 1.7% to a new monthly record of 13.24 million barrels per day, the Energy Information Administration said on Thursday.
Wednesday, November 22, 2023
CARACAS - Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country's deputy oil minister, Erick Perez, said on Wednesday, following the temporary lifting of U.S. sanctions on the nation.
OPEC+ has delayed its ministerial meeting to set output policy to Nov. 30 from Nov. 26 as previously scheduled, OPEC said in a statement on Wednesday.
Saturday, November 18, 2023
editor's pick
Cheshire County became the first county-level member of the Community Power Coalition of New Hampshire, offering the county’s towns and city a “fast track” way to enter into community power agreements and get lower electricity rates, the coalition said.
Thursday, November 16, 2023
Liberty Utilities cannot recover from ratepayers $7.5 million in development costs tied to its abandoned Granite Bridge natural gas pipeline, the state’s highest court ruled.
Monday, November 13, 2023
editor's pick
Home heating oil prices have been running nearly a dollar cheaper a gallon than a year ago at Southern New Hampshire Energy in Londonderry, which could save customers hundreds of dollars this winter if prices hold.
Thursday, November 09, 2023
The nation's power grid faces a sharp risk of buckling in the event of major storms or prolonged cold snaps this coming winter, according to the regulator that monitors the electricity system, with much of the country threatened with outages triggered by severe weather.
Sunday, November 05, 2023
SACO, Maine - Last December, Ellen McCurley was settling into a calm new life, savoring sunsets from the porch of a modest riverfront home with her dogs Sadie and Maisie, when a notice from the electric company turned it all upside down.
Thursday, November 02, 2023
The United States saw a 22% jump in coal exports to Europe, substituting Russian supply in the 12 months after the European Union's sanctions took effect in August 2022, the U.S. Energy Information Administration (EIA) said on Thursday.
Tuesday, October 31, 2023
CONCORD — Facing a need for another as soon as 2027, state officials are mobilizing to keep 603 as New Hampshire’s only area code while warning of the disruptions a second area code could cause.
Renewable energy firm Orsted on Wednesday halted the development of two U.S. offshore wind projects and said related impairments had surged above $5 billion, as the industry grapples with supply chain delays and higher costs.
Monday, October 30, 2023
The U.S. Department of Energy on Monday gave a boost to a proposed high-voltage transmission line that would run through New Hampshire and bring hydropower to New England.
Friday, October 27, 2023
VILNIUS/HELSINKI - The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden "are related," Estonian Prime Minister Kaja Kallas said.
Thursday, October 26, 2023
AUGUSTA, Maine — A majority of Mainers oppose replacing the state's two biggest electric utilities with an elected board, according to a new poll released Wednesday.
Monday, October 23, 2023
HOUSTON - Chevron Corp agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corp's massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.
Thursday, September 21, 2023
NEW YORK - Contrarian investors were rewarded for betting on the beaten down U.S. energy sector earlier this year with a blazing rally. Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023.
Wednesday, September 20, 2023
UNITED NATIONS - Former New York City Mayor Michael Bloomberg announced on Wednesday he will pump $500 million into the next phase of his energy transition campaign, aiming to shut down "every last" coal plant in the United States and slash gas-fired capacity in half by 2030.
Tuesday, September 12, 2023
LONDON - OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds such as high interest rates and elevated inflation.
Thursday, September 07, 2023
President Biden moved Wednesday to protect more than 10 million acres of Alaska's North Slope from development, barring oil drilling across giant swaths and canceling leases in the iconic Arctic National Wildlife Refuge issued under President Donald Trump.
Tuesday, September 05, 2023
Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO.
DUBAI - Saudi Arabia and Russia on Tuesday said they would extend voluntary oil cuts to the end of the year, despite a rally in the oil market and analyst expectations of tight supply in the fourth quarter. Oil prices rose sharply following the news, with Brent rising above $90 a barrel for …
