Expect Electricity Prices To Rise Soon
Electricity prices in the U.S. (in real terms) have held steady for two decades. A remarkable record achieved because of: cost cutting during the initial days of industry deregulation, the Continue Reading
Permian On Track To Become Largest Oil Basin In The World
The Permian Basin has long been touted as the fastest growing shale play in the United States, but now its oil-producing prowess is being highlighted again as the Energy Information Continue Reading
Bottlenecks Bring Christmas Early for Permian Refiners
( A good definition of Christmas for a commodities trader goes something like “this thing that costs X over here costs X+Y over there.” Christmas has come way early in Continue Reading
EIA: US Oil Stocks Build Unexpectedly Despite Record High Exports
U.S. crude oil and gasoline inventories unexpectedly rose last week even as exports hit record highs, the Energy Information Administration said on Wednesday in an overall bearish report that raised Continue Reading
Oil Futures Signal a Flood of U.S. Exports Is Coming This Summer
Soaring output, weak U.S. oil prices to fuel record outflows American refiners may be near limits on local oil processing Selling more than two million barrels a day of U.S. Continue Reading
Skinny and sweet: U.S. refiner earnings depend on the oil diet
Smaller independent refiners with less complex facilities are surging in the stock market of late, as investors expect strong earnings growth thanks to the recent fall in price of their Continue Reading
Electric scooter boom faces US city limits
A new wave of electric-scooter rental start-ups is facing a legal reckoning, as city authorities across the US race to tame the “dockless” two-wheelers that have flooded their streets. New Continue Reading
Ford to cut most car models in North America over the next four years
Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending April 20, 2018 U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending April 20, Continue Reading
Ex-BP chief Browne urges embrace of ‘unstoppable’ electrification
Major oil and gas companies need to embrace the “unstoppable” electrification of society and take practical steps to limit the use of carbon-intensive fuels if they are to retain their Continue Reading