Jacqueline Toth

By Jacqueline Toth   Top Stories Global oil supply could increase by 700,000 barrels per day in the first quarter of 2020, even if the Organization of Petroleum Exporting Countries makes good on its intended cuts of 2.1 million bpd, according to the International Energy Agency’s monthly oil market report. IEA said the additional cuts […]

By Jacqueline Toth   Top Stories Chevron Corp. cut its projections for future commodity prices and announced a write-down of a combined $10 billion to $11 billion through a reduction of the value of several holdings, including its U.S. shale assets. The write-down — the largest that an energy producer has taken in years — […]

By Jacqueline Toth   Top Stories The fiscal 2020 National Defense Authorization Act would require the Trump administration to sanction companies working with the Russian state-owned gas company Gazprom to build the Nord Stream 2 and Turk Stream pipelines, under an agreement reached Monday night. Russian Deputy Prime Minister Dmitry Kozak said last month the Nord […]

By Jacqueline Toth   Top Stories After two years of negotiating, PG&E Corp. agreed to a $13.5 billion settlement with more than 50,000 claimants impacted by wildfires sparked by its power lines, in a deal that will pay out half in cash and half in the company’s stock. The agreement marks the utility’s third major recent […]

By Jacqueline Toth Week in Review Oil and gas The Organization of the Petroleum Exporting Countries and its allies formally agreed to oil production cuts of an additional 500,000 barrels per day through March 2020. After almost four years since it publicized its intention for an initial public offering, the Saudi Arabian Oil Co. had […]

By Jacqueline Toth   Top Stories Environmental Protection Agency Administrator Andrew Wheeler told biofuel industry representatives that the agency intends to issue its final 2020 biofuel blending quotas by Dec. 20, according to three people familiar with the matter. Four sources added that Wheeler said the agency planned to send a draft final rule to […]

By Jacqueline Toth Morning Consult has published the latest edition of its monthly Trump Tracker, showing the president’s approval state by state, month over month. See it here. Top Stories On Wednesday, 285 companies agreed to meet science-based targets for lower emissions — a commitment that could beget a projected $18 billion in climate mitigation […]

By Jacqueline Toth   Top Stories The Bureau of Land Management is likely to lose most of its Washington, D.C.-based staff under the agency’s westward relocation effort, according to sources within and outside of BLM, who said some employees have asked for extensions on a 30-day window to decide whether to move. Other employees, sources […]