Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark U.S. crude oil for January delivery fell $10.24 to $68.15 a barrel Friday. Brent crude for January delivery fell $9.50 to $72.72 per barrel. Wholesale gasoline for December delivery fell 29 cents to $2.03 a gallon. December heating oil fell 29 cents to $2.09 a gallon. December natural gas rose 38 cents to $5.45 per 1,000 cubic feet. Gold for December delivery rose $1.20 to $1,785.50 an ounce.
FILE PHOTO: Liquefied natural gas (LNG) storage tanks and a membrane-type tanker are seen at Tokyo Electric Power Co.'s Futtsu Thermal Power Station in Futtsu, east of Tokyo, Japan, February 20, 2013. REUTERS/Issei Kato TOKYO : Japanese refiners are dusting off unused supply chains for fuel oil and getting coastal vessels and storage tanks ready after receiving requests from electric utilities to supply more fuel oil this winter amid a global crunch for power generation fuels.
Energy And The Infrastructure Bill: How Will It Solve Permitting Gridlock And Help Nuclear Power And Hydrogen Industries? | Saul Ewing Arnstein & Lehr Llp
The Infrastructure Investment and Jobs Act, which was signed into law by President Joseph Biden earlier this month, includes an important, permanent streamlining to the federal permitting and environmental review process for large infrastructure projects. The $1.2 trillion legislative package also includes an incentives program for the country's struggling nuclear power plants, and it provides a more promising future for the country's hydrogen energy production efforts....By: Saul Ewing Arnstein & Lehr LLP.
The economic outlook for Calgary, the city that for decades reveled in its role as the home base for Canada's petroleum industry, along with far-flung global operations, has been dominated in the last six years by a ballooning vacancy rate in its forest of downtown skyscrapers. By the latest count,...
In an attempt to reduce global energy prices, the White House will release 50 million barrels of crude oil along with Britain, China, India, Japan and South Korea.
Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark U.S. crude oil for January delivery rose $1.75 to $78.50 a barrel Tuesday. Brent crude for January delivery rose $2.61 to $82.31 per barrel. Wholesale gasoline for December delivery rose 8 cents to $2.34 a gallon. December heating oil rose 5 cents to $2.38 a gallon. December natural gas rose 18 cents to $4.97 per 1,000 cubic feet. Gold for December delivery fell $22.50 to $1,783.80 an ounce.
Despite the United States being far less dependent on foreign energy than at any time in decades, President Biden nevertheless authorized the release of 50 million barrels of oil from the nation's strategic reserves.
Release will be in addition to existing trade of crude from strategic reserves: Source. : India will release five million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices. This is roughly equivalent to one day consumption of the country. Sector watchers say that while the quantity of crude oil is not much, it is a symbolic gesture that has wider implications for the global energy markets. "India has agreed to release five million barrels of crude oil from its Strategic Petroleum Reserves.
Key Energy Provisions In Biden Administration $1.2T Infrastructure Investment And Jobs Act | Pierce Atwood Llp
On November 15, 2021, President Biden signed into law the $1.2 trillion Infrastructure Investment and Jobs Act. The Act earlier passed both Houses on a bipartisan basis. In conjunction with its passage, President Biden issued an Executive Order outlining the Administration's priorities for dispersing monies from the infrastructure law, and establishing a task force that will coordinate the law's implementation among federal agencies and state, local, and tribal governments. The task force will...By: Pierce Atwood LLP.
Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark U.S. crude oil for December delivery fell $2.91 to $76.10 a barrel Friday. Brent crude for January delivery fell $2.35 to $78.89 per barrel. Wholesale gasoline for December delivery fell 8 cents to $2.21 a gallon. December heating oil fell 9 cents to $2.29 a gallon. December natural gas rose 17 cents to $5.07 per 1,000 cubic feet. Gold for December delivery fell $9.80 to $1,851.60 an ounce.