Energy & Environment Correspondent
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Apr 5, 2012

U.S. not backing off as Iran sanctions bite

WASHINGTON (Reuters) – The Obama administration’s man in charge of squeezing Tehran over its nuclear program is unapologetic for the strain Western penalties on Iran have exerted on global oil markets.

The price of oil has shot up nearly 15 percent since January, companies that trade with Iran are struggling to get paid and the biggest Asian countries are scrambling to work around U.S. sanctions that aim to deprive Tehran of revenue needed to develop its nuclear program.

Apr 2, 2012

U.S. gasoline demand at lowest since 2001 in January: EIA

NEW YORK/WASHINGTON (Reuters) – Higher gasoline prices have cut demand in the United States to the lowest level for the month of January since 2001, data for from the Energy Information Administration (EIA) showed on Monday.

Total U.S. oil demand fell almost 4.5 percent in January from a year earlier, the statistical arm of the Department of Energy said in its Petroleum Supply Monthly report, declining by 853,000 barrels per day to 18.27 million bpd.

Apr 2, 2012

US gasoline demand at lowest since 2001 in Jan-EIA

NEW YORK/WASHINGTON, April 2 (Reuters) – Higher gasoline
prices have cut demand in the United States to the lowest level
for the month of January since 2001, data for from the Energy
Information Administration (EIA) showed on Monday.

Total U.S. oil demand fell almost 4.5 percent in January
from a year earlier, the statistical arm of the Department of
Energy said in its Petroleum Supply Monthly report, declining by
853,000 barrels per day to 18.27 million bpd.

Apr 2, 2012

US demand for oil, gasoline, sinks in Jan -EIA

NEW YORK/WASHINGTON, April 2 (Reuters) – U.S. oil demand
fell almost 4.5 percent in January from a year earlier, with
high gasoline prices pushing consumption of the fuel down to the
lowest level for the month since 2001, data from the Energy
Information Administration (EIA) showed on M ond ay.

Total oil demand was down by 853,000 bpd or 4.46 percent to
18.27 million bpd, the EIA said in its Petroleum Supply Monthly.
Even that reduced demand exceeded previous estimates by 169,000
barrels per day (bpd).

Mar 29, 2012

Obama likely to find oil market can handle Iran sanctions

WASHINGTON, March 29 (Reuters) – U.S. President Barack Obama
is likely to determine by Friday that there will be enough oil
in the world market to allow countries to cut imports from Iran,
taking another step toward sanctioning those nations that do
not, analysts and a congressional aide said.

Obama is required by a sanctions law he signed in December
to determine by March 30, and every six months after, whether
the price and supply of non-Iranian oil are sufficient to allow
consumers to “significantly” cut their purchases from Iran.

Mar 29, 2012

Exclusive: Investors press U.S. shale oil drillers to control flaring

WASHINGTON (Reuters) – Investors representing $500 billion in assets are pushing energy companies in the shale oil rush in North Dakota and other states to disclose the amount of natural gas they burn – a practice they see as a wasteful financial risk.

“We want to encourage companies to articulate plans for resolving this issue while shale oil production is still in its relative infancy,” said Karina Litvack, the head of governance and sustainable investment at F&C Asset Management.

Mar 29, 2012

Investors press US shale oil drillers to control flaring

WASHINGTON, March 28 (Reuters) – Investors representing $500
billion in assets are pushing energy companies in the shale oil
rush in North Dakota and other states to disclose the amount of
natural gas they burn – a practice they see as a wasteful
financial risk.

“We want to encourage companies to articulate plans for
resolving this issue while shale oil production is still in its
relative infancy,” said Karina Litvack, the head of governance
and sustainable investment at F&C Asset Management.

Mar 27, 2012

Government proposes first carbon limits on power plants

WASHINGTON (Reuters) – The Obama administration proposed on Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, a move likely to be hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency proposed the long-delayed rules that limit emissions from all new U.S. power stations, which would effectively bar the building of any new coal plants.

Mar 27, 2012

US to propose first carbon limits on power plants

WASHINGTON, March 27 (Reuters) – The Obama administration
will propose as soon as Tuesday the first ever standards to cut
carbon dioxide emissions from new power plants, sources involved
in talks on the matter said, a move likely to be hotly contested
by Republicans and industry in an election year.

The Environmental Protection Agency is expected to propose
the long-delayed rules that limit emissions from all new U.S.
power stations, which would effectively bar the building of any
new coal plants.

Mar 27, 2012

U.S. to propose first climate limits on power plants

WASHINGTON (Reuters) – The Obama administration will propose as soon as Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, sources involved in talks on the matter said – a move that is likely to be hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency is expected to propose the long-delayed rules, known as New Source Performance Standards, that would effectively limit emissions of all new U.S. power plants to those of efficient natural gas plants.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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