Pemex Refinery Output Hits Lowest Since 1990
Petroleos Mexicanos ’s refinery output in 2016 fell to the lowest level in 26 years as government budget cuts forced the Mexican state oil company to delay maintenance. Only three Continue Reading
India plans oil giant to take on global rivals
India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday, as New Delhi wants to expand its foreign presence Continue Reading
Lured by discounts, U.S. East Coast refiners snatch up Brazilian crude
The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in Philadelphia March 26, 2014. Picture taken March 26, 2014. U.S. East Coast refiners are Continue Reading
Oil Braces for Trump Ban Fallout as Halliburton Says Stay Put
Halliburton advises affected workers not to come to the U.S. Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude Continue Reading
Average U.S. gas prices decline for 21 consecutive days
The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving demand, according to retail Continue Reading
Shutdown of Texas Pipeline Boosting Oil Prices
The rupture and closure of a major crude oil pipeline in Texas jointly-owned by Enterprise Products Partners and Enbridge Inc. helped to push oil prices higher Tuesday as crews worked Continue Reading
Exxon says it can more than double output in Permian Basin
ExxonMobil, the world’s largest listed oil company, has said it will be able to more than double its output in the Permian Basin region of the US and maintain it Continue Reading
Why The Trump Administration Is A Huge Wildcard For The Oil Industry
The implications of a Trump presidency for the oil markets are hard to discern, given the unpredictability of the new administration. But a few possible scenarios are worth considering. The Continue Reading
Why 100% Renewable Energy Is Just A Dream
The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of Continue Reading
Trump’s Border Tax Could Kill U.S Oil Exports, Raise Gas Prices
Crude is rallying on this final day of January, as hopes and projections of OPEC production cuts return to the fore once more. Before we charge into a new month Continue Reading