Energy Update
International weather agencies are now identifying the signs of the first El Niño conditions since 2010.
(Fri, 22 May 2015) On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional start of the summer driving season—since 2009.
(Fri, 22 May 2015) This report responds to an August 2014 request to the U.S. Energy Information Administration (EIA) from Representative Lamar Smith, Chairman of the U.S. House of Representatives Committee on Science, Space, and Technology, for an analysis of the Environmental Protection Agency's (EPA) proposed Clean Power Plan under which states would be required to develop plans to reduce carbon dioxide (CO2) emissions rates from existing fossil-fired electricity generating units.
SINGAPORE, May 22 (Reuters) - Oil prices edged down on Friday after rising more than 2 percent in the previous session, buoyed by lower U.S.
SANTA BARBARA, May 21 (Reuters) - The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near Santa Barbara said on Thursday it may take months to restore the area to its natural condition.
Demand for hydrous ethanol in Brazil is booming, with the biofuel becoming more competitive than gasoline and bouncing back to demand levels on par with December 2009.
HOUSTON, May 21 (Reuters) - A judge on Thursday denied Royal Dutch Shell's appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review, just two weeks after a crude train derailment caused a fire in North Dakota.
SINGAPORE, May 22 (Reuters) - China's shift to consumer-led growth is accelerating demand for gasoline in the world's biggest energy user, with the fuel on track to challenge the dominance of diesel as an increasing number of middle class consumers buy bigger family cars.
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