** Gasoline prices have fallen for 60 consecutive days — the longest streak of declines in more than a year — letting American drivers pass on savings at the pump to consumer retailers during the US economy’s all-important holiday season.
** The Biden administration on Tuesday auctioned off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations’ conference aimed at combating fossil fuel-driven climate change in Duba.
** The Rockefeller Foundation, established in 1913 by Standard Oil tycoon John D. Rockefeller, announced that it aims to make its $6 billion endowment net zero emissions by 2050. That makes it the largest private foundation in the US with such a target.
** The U.S. Energy Information Administration reported fossil fuels accounted for 84% of primary energy production in the month of August. Compared with August 2022, U.S. crude oil production increased 9%, natural gas plant liquids production rose 8%.
** Ameren tells Missouri regulators that it could save customers $120 million over 15 years by shutting down its second-biggest coal plant.
** A national laboratory estimates the Western U.S., not including California, will need 2,350 to 4,610 electric vehicle direct current fast charging stations by 2030.
** No arrests have been made nearly one year after the shooting of two electrical substations in North Carolina that resulted in 45,000 people losing power.
** OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying the oil and gas industry, in the latest clash between the groups over climate policy. Al Ghais was referring to a note published by the West’s energy watchdog on Thursday that said the fossil fuel industry was facing a “moment of truth” reported Reuters.
** Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.
** The Panama Canal has become so backlogged that the world’s largest operator of chemical tankers has decided to reroute its fleet to the Suez Canal.
** A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
** Oil tanker owners in Greece, the world’s most powerful shipowning nation, scaled back how much Russian crude they’re hauling, a decision that could ultimately disrupt the flow of Moscow’s petroleum.
** At least 11 people died at a mine owned by Impala Platinum Holdings Ltd. when an elevator transporting workers to the surface failed, the worst accident in the South African company’s history.
** Authorities in western Germany on Tuesday urged residents to stay home, warning of life-threatening danger, after a burst of winter weather led to hazardous roads, leaving two people dead.