Chinese Oil Demand Growth Could Slow Down Soon
Higher oil prices play a role in this, but the main culprit is a new tighter tax regime on independent Chinese refiners, which is already choking the refining margins and Continue Reading
China GDP growth slips to 6.7% in second quarter
China’s economy expanded by 6.7 percent in the second quarter, its slowest pace since 2016, as the impact of an aggressive deleveraging campaign curtailed investment in infrastructure. The pace of Continue Reading
Is Shale Driving Oil Higher?
Oil is rising in spite of growing U.S. production. Shale output is “short-cycle”, making it less risky. As capex flows to North America, it’s limiting investment elsewhere in conventional projects. Continue Reading
U.S. oil boom delivers surprise for traders – and it’s costly
The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as Continue Reading
Record Oil Production Doesn’t Free U.S. From Global Market
In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at least Continue Reading
Are Bionic Cells The Future Of Solar?
A common bacterium that lives in the human gut and can sometimes cause nasty stomach upsets can be used for good, scientists from the University of British Columbia have discovered. Continue Reading
Housing Prices Soar As Oil Boom Escalates
Diogenes the Cynic was once asked by one of his students whether a man should buy or rent. His reply was typical Diogenes, but still unexpected, “Whichever he chooses, he Continue Reading
Oil, Utilities Fight to Fuel Vehicles of the Future
The world’s largest oil company has 30 engineers working away in this Detroit suburb on a project that sounds counterintuitive: an engine that burns less oil. But there is a Continue Reading
Exporting America’s Gas to Asia Might Not Be a Done Deal
North America’s production of natural gas, increasingly derived from fracturing the continent’s extensive shale deposits, has in just a few short years radically scrambled the global gas market. When viewed Continue Reading
Retiring Worn-Out Wind Turbines Could Cost Billions That Nobody Has
This is a story about death and resurrection, and as with all such stories, faith plays its part. Texas is by far the leading wind energy producer in the United Continue Reading