Tesla Motors has paid off the remaining portion of the loan granted to it by the US Department of Energy in 2010. The California-based electric vehicle manufacturer transferred US$451.8 million ($464.0 million) this week to clear its debt ...
Tags: Tesla Motors, sport car
The US Atlantic Coast wholesale gasoline-pump price spread narrowed 8 cents/gal Monday to the lowest level since early April, according to US Energy Information Administration data and Platts assessments. East Coast regular gasoline ...
Tags: Gasoline, Wholesale-Pump
Gasoline stocks in the Amsterdam-Rotterdam-Antwerp region fell 15.9% week on week in the seven days to May 16, according to a report by BNP Paribas released Friday. Stocks fell by 1.5 million barrels to 7.8 million barrels, and were 3.2% ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Simple energy saving methods can save you thousands of dollars a year. It is estimated that there would be increase in electric costs in future. For most of us, energy saving is not a priority until they start feeling the pinch on our ...
The oil complex shrugged off largely bearish US Energy Information Administration data Wednesday as a rise in equities coupled with a technical bounce halted a four-day slide in June crude futures. NYMEX June crude rallied towards the ...
Tags: Oil Complex, Oil
The June Northwest European-US Atlantic arbitrage swap has risen since market close Friday due to a higher NYMEX RBOB market, increasing the possibility of exports from Europe heading to the Atlantic coast, market sources said Monday. ...
Tags: June NWE-USAC, Gasoline
Refiners along the US Gulf Coast "left money on the table" by performing much-needed seasonal maintenance this winter, giving up profits from exports during a period of substantially higher diesel crack spreads, RBN Energy analyst Sandy ...
Tags: Refiners, Gulf Coast
While US policymakers, legislators and others are focused on whether the fundamentals of US gas market would change significantly if large volumes of LNG are exported, there are emerging questions about the federal government's ability to ...
Tags: LNG Exports, Chemicals
As natural gas prices hit an average of $10.46/MMBtu in New York City in February, the switch from gas back to coal for power generation was on, data released Monday by the US Energy Information Administration showed. "All parts of the ...
Tags: Gas-to-Coal Switch, Gas Prices
Source: US Energy Information Administration, Annual Energy Outlook 2013. US net imports of petroleum and other liquid fuels as a share of product supplied (used as a proxy for consumption) have been one of the most watched indicators in ...
Tags: Service, Eliminate Oil, Energy
The chairman of the US Senate Energy and Natural Resources Committee on Thursday criticized the Obama administration for failing to adequately fund research into making sure hydraulic fracturing and nuclear waste storage is safe. During a ...
Tags: Senate Energy, Natural Resources
The NYMEX May natural gas futures contract continued to rise Thursday after the US Energy Information Administration's storage report showed an above-average draw, yet the data came in below analysts' expectations. As of 12:28 p.m. EDT ...
Tags: NYMEX, Gas, Storage Data
President Barack Obama's nominee for energy secretary, Ernest Moniz, on Tuesday reiterated the Obama administration's position that decisions to license liquefied natural gas exports from the US should be based on a transparent, analytic ...
Tags: Metallurgy, Mineral, Energy
The NYMEX May natural gas futures contract bounced above the $4/MMBtu mark early Friday on heavy volume as traders continued to digest Thursday's bullish storage data, sources said. As of 10:12 a.m. EDT (1412 GMT), the contract was ...
Tags: NYMEX, Gas Bounces, Storage Rally
Destin Pipeline is seeking shipper interest in both existing and additional capacity on its natural gas transmission system in response to increaseing demand in Florida and additional capacity freed up by a drop in offshore production. ...
Tags: Destin Pipeline, gas, summer strip