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The Latest Breaking News from EIA

It's going to cost a lot more to heat your house this winter

Get ready for the singe. Home heating costs are expected to soar 18% this winter to an average of $1,208 as higher oil and gas prices, the war in Ukraine and big storms pummel global energy markets.

Tribune News Service

Chewathai finds comfort zone with reworked plan

MAI-listed developer Chewathai plans to resume land purchases, scale down the size of new projects and start new property-related ventures as it wrangles with the land and building tax and China's strict zero-Covid policy.

Bangkok Post

Schlumberger Earnings Top Views Amid Energy Market Volatility

Schlumberger earnings beat estimates Friday as the oilfield service firm reported momentum was building in the industry. SLB shares edged higher Friday.

Investors Business Daily

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Winter's burden: The new heat bill prices for 2023

Costs are rising due to higher fuel prices and increased demand due to forecasts of a colder winter.

Axios

Gloom oozes from energy forecasts that show oil demand dropping, heating bills rising

The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.

WEKU

OPEC+ Makes Largest Production Cut Since 2020, Oil Prices Drop

OPEC+ agreed Wednesday to cut production by 2 million barrels per day (bpd), the largest reduction since April 2020, as the cartel aims to keep oil prices high amid low global inventories. The Organization of the Petroleum Exporting Countries and its key allies including Russia, known as OPEC+, decided to…

Investors Business Daily

Isha Foundation cannot escape prosecution for having constructed buildings without environmental clearance, TNPCB tells HC

It says the foundation’s facility in Vellingiri hills will fall under the category of ‘infrastructure development project’ and not ‘educational institution’

The Hindu

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Coal Stocks Surge As Energy Crisis Drives Coal Use Toward Record Highs

Coal stocks have paused but still lead all other industries so far in 2022 — seemingly bucking analyst predictions that coal is dead.

Investors Business Daily

Legal challenge warning for Flamingo Land Loch Lomond bid after image bungle

Plans to build a Flamingo Land theme park on the banks of Loch Lomond may have already broken strict environmental planning rules

The National (Scotland)

Lanarkshire racetrack faces uncertain future with environmental report needed for planning application to proceed

A planning application was submitted to demolish the stadium

Daily Record

Electricity Prices Kept Inflation Red Hot. Don't Blame Renewables.

American electricity prices have lagged broader inflation in the past decade. That trend is quickly reversing.

The Street

Oil Companies Prioritize Buybacks Over Production Gains

Oil companies are focusing on returning money to investors over increasing oil production.

Investors Business Daily

S&P 500 Edges Higher; Nordstrom Shares Plummet

U.S. stocks traded slightly higher toward the end of trading, with the Nasdaq Composite gaining around 50 points on Wednesday.

Benzinga

Dow Rises Over 100 Points; US Crude Oil Inventories Decline Higher Than Expected

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

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The Hindu

SC rejects plea against Kerala HC judgment in Lulu mall case

The HC had rejected the contentions of a public interest litigant that the mall in Thiruvananthapuram violated coastal regulation zone and environment impact assessment notification.

Bangkok Post

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

Investors Business Daily

Warren Buffett Continues To Add OXY Stock, But Is It A Buy Or A Sell Right Now?

Warren Buffett owns nearly 20% of Occidental Petroleum after a July buying spree. But is it a good investment?

The Hindu

Several coastal zone projects approved despite environmental impact assessment inadequacies: CAG report

The CAG report on 'Conservation of Coastal Ecosystems' says instances were observed where Expert Appraisal Committees of the Union Environment Ministry granted clearances to projects, though domain experts were not present during the deliberations

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Investors Business Daily

Shale Oil Stocks Drop: EOG Resources Beats Earnings Views

Shale oil producer stocks dropped Monday. Devon Energy and Diamondback Energy beat earnings predictions after the close.

Investors Business Daily

Exxon Mobil, Chevron Stock Up On Record Profits, Earnings Beat

Exxon Mobil and Chevron will be reporting second-quarter earnings early Friday. Investors are watching for oil field inflation impact.

USAFacts

What's the average price for a gallon of gas in the US?

Data on nationwide gas prices, updated weekly.

Benzinga

Weekly Decline In DOE/EIA Diesel Price Largest Since 2014

It's been more than seven years since the benchmark Department of Energy/Energy Information Administration average weekly retail diesel price fell as much as it did last week.

The Street

Renewable Energy Set Records in April, but There's a Catch

Although there's no stopping wind and solar energy, considering some nuance helps put recent numbers into context.

The Hindu

Man appears for PRR public hearing in Bengaluru, 18 years after grandfather gets land acquisition notice

Around 70 people participated in public hearing on EIA of the project

Investors Business Daily

LNG, Natural Gas Stocks Mixed As Gas Prices Tumble

Natural gas stocks fell Tuesday, despite a tight global market, amid expectations that demand will contract in coming months.

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