July 14, 2021

EIA says U.S. 2020 coal output lowest since 1965

July 14, 2021

Reuters The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the coronavirus pandemic. The federal agency said in a report that U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019.

Oil prices slip as China import drop signals demand risk

July 14, 2021

BOE Report Oil prices fell on Wednesday over fresh concerns about demand after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic. West Texas Intermediate was down 24 cents, or 0.32%, at $74.96 a barrel, having jumped 1.6% in the previous

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 7.9 million barrels

July 14, 2021

Weekly Crude Oil Storage as of July 9, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.9 million barrels from the previous week. At 437.6 million barrels, U.S. crude oil inventories are about 8% below the five year average for this time of year, according to the EIA crude oil and petroleum

EU proposes world’s first carbon border tax for some imports

July 14, 2021

Reuters BRUSSELS/LONDON – The European Commission on Wednesday put forward plans for the world’s first carbon border tax, on imports of carbon-intensive steel, aluminium, cement, fertilisers and electricity, as part of a programme to meet its new climate target. The border levy should be phased in from 2026, the Commission said, and is designed to protect European industries from competitors

OPEC reportedly reaches compromise on oil production after dispute with UAE

July 14, 2021

CNBC DUBAI, United Arab Emirates — The Organization of Petroleum Exporting Countries on Wednesday arrived at a deal after a nearly two-week standoff over its future oil production levels, according to reports by the Wall Street Journal and Reuters. The temporary but unprecedented gridlock that began in early July saw the United Arab Emirates reject a coordinated oil production plan for the group