Gasoline Glut in New York Has Traders Sending Cargoes Abroad
The biggest gasoline market in the U.S. is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies Continue Reading
Worst Gasoline Glut in 27 Years Could Be Oil Rally’s Nemesis
A gasoline glut brought on by drivers buying less at filling stations is emerging as one of the biggest threats to the yearlong oil-price rally. U.S. gasoline consumption plummeted last Continue Reading
Exclusive: GM plans to build, test thousands of self-driving Bolts in 2018
General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s Continue Reading
Senate Confirms Scott Pruitt as E.P.A. Head
The Senate confirmed Scott Pruitt on Friday to run the Environmental Protection Agency , putting a seasoned legal opponent of the agency at the helm of President Trump’s efforts to Continue Reading
U.S. Rig Count Rises As Crude Inventory Levels Hit Record High
The number of active oil and gas rigs in the United States increased again on Friday by 10. Both benchmarks were trading down earlier on Friday under heavy pressure from Continue Reading
U.S. shale oil braces for the unfamiliar in 2017: inflation
U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger Continue Reading
A Push for Diesel Leaves London Gasping Amid Record Pollution
Every winter, as if on cue, the coughing begins. As soon as the weather turns cold, Tara Carey, an international aid worker living in London, ritually places cough syrup on Continue Reading
Vladimir Putin: Clear signs of Russian economic growth
As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The president sat with his top Continue Reading
Peak Supermajors
Hey everybody, Last Sunday I put together a quick presentation on the most recent oil & gas production data for the “supermajors” (Shell, Total, BP, Chevron, ExxonMobil): Introduction Today I Continue Reading
Oil Slips as U.S. Crude Stocks Rise
Crude futures eased on Friday, caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond Continue Reading