Monday, December 23, 2024

Midwest News

RPT: How Trump's proposed tariffs could affect commodities and energy

Donald Trump, the president-elect of the United States, pledged on Monday to impose tariffs on three of its largest trading partners: Canada Mexico and China. He explained how…

What impact Trump's tariffs on commodities and energy might have

President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign…

US Awards up to $2.2 Billion to Speed Clean-hydrogen Development

The U.S. Department of Energy announced on Wednesday that it had awarded up to $2 billion to centers in the Gulf Coast and the Midwest for the development of hydrogen, a new…

Sources say that Whiting refinery, a BP facility in Indiana, is delaying its return to service.

Industry sources say that the return to service for BP Whiting Indiana refinery is delayed. BP began the planned turnaround activity for its refinery that produces 435,000 barrels per day in late September.

Industry says that the US dependence on Canadian oil should discourage Trump tariffs

Canada's oil industry doesn't expect tariffs to be included in the protectionist measures proposed by Donald Trump, U.S. president-elect. This is because U.S. refineries depend on Canadian barrels.

Kansas Fed reports that drilling activity in the US Rockies and Midwest has fallen for the seventh consecutive quarter.

According to survey results released by Federal Reserve Bank of Kansas City on Friday, oil and gas activity in U.S. Midwest Rockies and Midwest declined in the third quarter.

US offers conditional loan of $1.56 billion for Indiana ammonia plant

The U.S. Department of Energy announced on Monday that it has granted Wabash Valley Resources a conditional guarantee of up $1,56 billion for the construction of a low-emissions…

EIA reports that US biofuel production capacity increased last year due to the renewable diesel rush.

Data from the U.S. Energy Information Administration showed that five new renewable diesel plants were opened in 2018. This increased U.S. production of this drop-in substitute…

U.S. Oil Futures Plumb Historic Sub-Zero Lows, Brent Plunges

Oil price drop - Illustration by Corona Borealis/AdobeStock

U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United…

TC Energy: North Dakota Spill Shutters Keystone pipeline

AdobeStock / © Maksym Yemelyanov

Oct 30 (Reuters) - TC Energy Corp said on Wednesday it is shutting its Keystone crude pipeline after a late Tuesday oil spill in North Dakota.The company said it detected a…

Big Corn, Big Oil Unhappy with Fed's Biofuel Plan

File Image: an Ethanol Processing Plant (AdobeStock / © Jason Lee)

Corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted away at the Trump administration's proposed…

US Oil Production Up, Needs More Pipelines

The rising domestic crude oil production in the United States has created a need for more pipeline capacity, revealed the US Energy Information Administration (EIA).EIA recently…

U.S. Crude Stocks Rise Unexpectedly - EIA

© Michael Rosskothen / Adobe Stock

U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information…

Sempra Names Bilicic Group President

(Photo: Sempra Energy)

Sempra Energy on Monday announced that George W. Bilicic has been named group president, effective upon completion of his service at Lazard later this year. Bilicic will lead the company's strategy…

Trump, Saudi Arabia at Odds Over Oil Price

(File photo: Official White House photo by Shealah Craighead)

U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could…

US Natural Gas Demand Nears Record High

© Sergeev Sergey / Adobe Stock

U.S. homes and businesses will likely use record amounts of natural gas for heating on Wednesday as an Arctic-like freeze blankets the eastern half of the country, according…

U.S. Crude Stocks Fall in Latest Week -EIA

© zhengzaishanchu / Adobe Stock

U.S. crude stocks fell last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 497…

U.S. Crude Stockpiles Rise More than Forecast - EIA

© toppybaker / Adobe Stock

U.S. crude oil stockpiles rose more than expected last week, building for the ninth consecutive week, while gasoline and distillate inventories fell, the Energy Information…

US Judge Halts Keystone XL Oil Pipeline

Photo: TransCanada Corp

A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday…

Enbridge to Put More of Ohio TEAL Natgas Pipe Into Service

© Denys Prykhodov / Photo: Adobe Stock

Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL) Phase…