The U.S. rule on methane emissions is part of a broader effort by the Biden administration that includes financial incentives to buy electric vehicles and upgrade infrastructure — spending that Harris said will total roughly $1 trillion over 10 years. read more >

The U.S. Energy Information Administration released its Winter Fuels Outlook report. read more >

The firm is offering products such as intangible drilling cost deduction funds and insurance designated funds in the oil and gas industry. read more >

Production cuts first announced by Saudi Arabia and Russia in July have driven up prices at the pump, enriched Moscow's war chest and complicated global efforts to bring down inflation. read more >

In a forecast released Tuesday, the EIA projected Brent crude oil prices averaging $85 a barrel. Prices have been rising since June, largely thanks to a strategic cut in production by Saudi Arabia and a growing demand globally. read more >

Crude oil prices are expected to aver $78 per barrel in July and rise to around $80 in the fourth quarter of this year. read more >

Meanwhile, global liquid fuel consumption is predicted to rise between 1% and 2% over 2023 levels. read more >

Earnings per share and revenue both beat the expectations of Wall Street analysts. read more >

Bids were up 38% from the last auction and marked the most offered in a sale since 2017. read more >

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 >

The United Nations chief called for an end to new fossil fuel exploration and for rich countries to quit coal, oil and gas by 2040. read more >

Public pension funds are caught in the debate as big institutional investors. read more >

Ironically, Biden's comment came as he tried to reassure critics that he recognizes the need for continued oil production. read more >

Fourth-quarter results were solid, but fell short of Wall Street expectations. read more >

Energy Secretary Jennifer Granholm said the bill would make it "harder to offer Americans relief in the future" from oil disruptions that could raise prices. read more >

Drivers now hope the situation doesn't get worse after a series of cutbacks tied to Russia's war in Ukraine, accidents and the slowing global economy have strained the world's oil supply. While oil and gasoline prices have dropped despite a recent supply crunch, those threats could end up pushing costs higher this winter. read more >

In projections issued Tuesday, the EIA expects overall domestic energy use to rise by 1% in 2024, with global crude oil inventories rising over the next two years. read more >

President Joe Biden withdrew 180 million barrels from the Strategic Petroleum Reserve starting in March, bringing the stockpile to its lowest level since the 1980s. read more >

The company on Thursday estimated the spill's size at about 14,000 barrels. read more >

Under the deal, the U.S. pledged to export at least 9 billion to 10 billion cubic meters of liquefied natural gas, or LNG, over the next year via U.K. terminals — more than double the amount exported in 2021. read more >