U.S. natural gas production will edge up in 2021, while demand declines for a second year in a row as rising gas prices allow renewables and coal to take some of gas' market share in the power sector, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.
Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at the expense of private firms.
- The Texas electricity market faces "insurmountable distress" as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state's February blackout. High prices for emergency fuel and power saddled the companies that sell, transmit and generate electricity in the state with about $47 billion in storm-related costs.
Buoyed by a new law, Mexico's president on Wednesday said he would renegotiate contracts in the electricity sector, heralding fresh tensions between his government and the private sector, which he accused of excessive profiteering.
- A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and refineries on Monday and forcing restrictions from natural gas and crude pipeline operators.
- A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and refineries on Monday and forcing restrictions from natural gas and crude pipeline operators.
Brazil is looking into reducing taxes on fuel and the electricity sector, Economy Minister Paulo Guedes said on Friday, adding that he would like fuel taxes to be cut before congress approves a wider tax reform bill. Speaking in a press conference alongside President Jair Bolsonaro, Guedes said tax reform could take six months, and Brazil cannot wait that long before reducing levies on fuel.
Mexican President Andres Manuel Lopez Obrador sent a draft bill to Congress on Monday that aims to change electricity industry law in his efforts to boost state-owned companies in the sector.
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