Exxon Could Make Beaumont The Largest Refinery In The U.S.
ExxonMobil is close to issuing a final approval of a major expansion of its Beaumont refinery complex in Texas that could make it the largest crude oil processing plant in Continue Reading
Surprise US crude draw sparks turnaround in oil futures
Oil futures rose Thursday after US Energy Information Administration data showed an unexpected draw in crude stocks last week, lifting NYMEX April crude $1.09 to $62.77/b. Crude stocks fell 1.616 Continue Reading
U.S. shale investors still waiting on payoff from oil boom
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
Exclusive: Trump calls meeting on biofuels policy after refiner bankruptcy
U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending February 16, 2018 U.S. crude oil refinery inputs averaged about 15.8 million barrels per day during the week ending February 16, Continue Reading
Are Germany’s Energy Transition Plans Working?
Considering the established political imperatives underpinning the German energy transition (Energiewende) and the overall push toward greater use of renewables in the energy mix, let’s look at some of the Continue Reading
Ineos Shale Granted Access to High Court in Land Access Rights Issue
Ineos Shale granted permission to pursue its application to undertake a geophysical survey in Clumber Park in the High Court. Ineos Shale has been granted permission to pursue its application Continue Reading
The world’s taps are rapidly running dry
The world has abundant fresh water but it is unevenly distributed and under increasing pressure, United Nations agencies say, as highlighted by the drought in Cape Town. On Tuesday South Continue Reading
Surprise Crude Draw Lifts Hope For Oil Market
The American Petroleum Institute (API) reported a small draw of 907,000 barrels of United States crude oil inventories for the week ending February 16, according to the API data. Analysts Continue Reading
Oil falls as stronger dollar eclipses U.S. inventory drop
Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories Brent crude futures LCOc1 were down 28 cents at Continue Reading