gas
Welspun Plans $100M in Upgrades for Little Rock Port Facility
The pipe manufacturer is looking to expand its position in the oil and gas segment in the North American market. read more >
Biden Releasing 1 Million Barrels of Gasoline From Northeast Reserve In Bid to Lower Prices at Pump
The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. read more >
by Associated Press -
White River Energy Launches Private Capital Investment Firm
The firm is offering products such as intangible drilling cost deduction funds and insurance designated funds in the oil and gas industry. read more >
Retail Sales Rise 0.6% in August Largely Due to Higher Gas Prices
The surge in gas prices is coursing through the economy and could slow down shoppers' momentum heading into the critical holiday shopping season. read more >
by Associated Press -
Falling Natural Gas Prices to Benefit Arkansans, Summit Says
Residential customers can expect a 69.5 cent rate per cubic foot of natural gas, down 43% from last winter’s rate and down nearly 27% from last summer. read more >
by Kyle Massey -
Oil Producers’ Cuts Could Raise Gas Prices, Help Russia
The decision by oil producers, many of them in the OPEC oil cartel, to cut production by more than 1 million barrels a day comes after prices for international benchmark crude slumped amid a slowing global economy that needs less fuel for travel and industry. read more >
by Associated Press -
Business Backlash Pushing GOP to Weaken Anti-ESG Proposals
Public pension funds are caught in the debate as big institutional investors. read more >
US Fuel Economy Flat, Emissions Down Slightly
In the 2021 model year, cars and station wagons, the most efficient vehicles, fell to 26% of U.S. new vehicle production. read more >
by Associated Press -
Biden Spending $4.5B to Help Lower Home Heating Costs
The money will be provided to state, local and tribal governments to help more than 5 million families. read more >
by Associated Press -
Murphy USA Reports Big Quarter, $6.2B in Revenue
Earnings per share more than doubled from the same quarter a year ago. read more >
by Kyle Massey -
Arkansas Gets $5M for High-Priority Cleanup of Wells
The money is part of a larger federal initiative to deal with thousands of abandoned oil and gas wells across the nation. read more >
by Associated Press -
Climate Bill’s Unlikely Beneficiary: US Oil and Gas Industry
While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation's coasts. read more >
by Associated Press -
Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
High gasoline prices have eased somewhat in recent weeks. But diesel has remained chronically high, with American refineries operating near capacity. read more >
by Associated Press -
Biden Vows ‘Strong’ Climate Action Despite Dual Setbacks
Biden did not specify what actions he will take on climate, but said they will create jobs, improve energy security, bolster domestic manufacturing and protect consumers from oil and gas price increases. "I will not back down,'' he promised. read more >
by Associated Press -
Biden Offshore Drilling Proposal Would Allow up to 11 Sales
The proposal brought immediate backlash from both environmentalists — who accused Biden of betraying the climate cause — and oil industry officials and allies, who said it would do little to help counter high energy prices. read more >
by Associated Press -
Fed Attacks Inflation With its Largest Rate Hike Since 1994
The Fed's three-quarter-point rate increase exceeds the half-point hike that Chair Jerome Powell had previously suggested was likely to be announced this week. read more >
by Associated Press -
US Producer Prices Soar 10.8% in May as Energy Costs Spike
The figures indicate that rising prices will continue to erode Americans' paychecks and wreak havoc on household budgets in the coming months. read more >
by Associated Press -
US Inflation Hit a New 40-Year High Last Month of 8.6%
Behind the surge is much higher prices for food, energy, rent, airline tickets and and new and used cars. read more >
by Associated Press -
$50M Trash-to-Gas Plant in Works
The Chicot County project is set to be first of kind in South. read more >
by Mark Friedman -
US Economy Shrank by 1.4% in Q1 but Consumers Kept Spending
Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth. read more >
by Associated Press -
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