* Higher natural gas prices push up 2022 inflation outlook. * Two MPC members vote for early end to QE asset purchases. * Markets price in 90% chance of first rate rise by Feb. * Economists say faltering growth outlook may delay rate hike. By David Milliken and Andy Bruce.
The administration of U.S. President Joe Biden is considering big cuts to the nation's biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad decline in gasoline demand during the coronavirus pandemic. If adopted, the proposal would be a win for the oil industry, most notably PBF Energy and CVR Energy, which argues biofuel blending is costly.
The administration of U.S. President Joe Biden is considering big cuts to the nation's biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad decline in gasoline demand during the coronavirus pandemic. If adopted, the proposal would be a win for the oil industry, most notably PBF Energy and CVR Energy, which argues biofuel blending is costly.
The White House is backing a plan by House of Representatives Democrats to let renewable energy firms form tax-advantaged partnerships that the oil and gas industry has used for decades to build out the U.S. pipeline and storage infrastructure, according to three people familiar with the matter.
The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 150 points, or 3.4%, to 4,560, its highest since November 2009.
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.
Royal Dutch Shell PLC (RDS/A): * ROYAL DUTCH SHELL'S PERDIDO OFFSHORE OIL PLATFORM BACK ONLINE FOLLOWING SHUT-IN FROM HURRICANE NICHOLAS -SPOKESPERSON Source text for Eikon: Company Further company coverage:
U.S. liquefied natural gas company Freeport LNG said on Wednesday that it was still not producing LNG at its export plant in Texas due to a power outage during Tropical Storm Nicholas.
Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through https://www.reuters.com/world/us/nicholas-strengthens-into-hurricane-pounds-coastal-texas-louisiana-with-rain-2021-09-14 on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.
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