Despite improvements, the two largest Colorado River reservoirs, Lake Mead and Lake Powell, remain at low levels. Lake Mead is currently at 34% capacity and Lake Powell is at 37%.
The International Energy Agency (IEA) predicts a nearly 50% decline in oil demand by 2050 if governments fulfill their commitments to transition to cleaner energy sources.
USDA announced awards totaling $52.6 million under the Fertilizer Production Expansion Program (FPEP), aimed at boosting domestic fertilizer manufacturing and reducing costs for farmers.
Refineries worldwide are facing challenges in meeting the rising demand for diesel, exacerbated by disruptions in global oil flows caused by OPEC+ output reductions and the conflict in Ukraine.
