The Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent.

U.S. commercial crude oil inventories increased by 4.1 million barrels to 452.7 million barrels.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced up to $47 million in funding to accelerate the research, development, and demonstration (RD&D) of affordable clean hydrogen technologies.

Electricity prices surged 14.3% in 2022, double overall inflation" Consumer Price Increase data released Jan. 12 by the U.S. Bureau of Labor Statistics indicate consumers paid 14.3% more yr over yr, compared to overall 6.5% rise in prices.

U.S. Rig Count is unchanged from last week at 771, Canada Rig Count is up 6 from last week to 247.

The U.S. Department of Energy (DOE) today announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs.

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

U.S. commercial crude oil inventories increased by 0.5 million barrels to 448.5 million barrels.

According to the latest issue of FERC's monthly "Energy Infrastructure Update" (with data through November 30, 2022), "high probability" additions by solar to U.S. generating capacity between December 2022 and November 2025 will total 72,809 megawatts (MW).

The new "state-of-the-art mineral processing plant" will be designed and constructed to recover uranium, vanadium and cobalt from ore from Western's mines and that produced by other miners.