China’s independent refineries were awarded late Thursday a second batch of crude import quota allocations for 2018 totaling 9.68 million mt for 20 refiners, bringing the total quota allocated to Continue Reading
The Syncrude oil sands site in northern Alberta is commissioning its steam systems, taking an important step toward restarting, its majority owner Suncor Energy Inc ( SU.TO ) said on Continue Reading
International headlines haven’t been good for companies selling autos in the U.S., but rising oil prices shouldn’t rank very high on their list of worries. U.S. retail gasoline prices ahead Continue Reading
Last year, hurricane season disrupted a lot of oil production and refining capacity along the U.S. Gulf Coast, sending oil prices soaring. This year, however, oil bulls may be in Continue Reading
US President Donald Trump Wednesday again tweeted critical comments against OPEC, claiming that the producers’ group was driving up domestic gasoline prices while the US provides many members with military Continue Reading
All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. USA data is through April. C+C production Continue Reading
US President Donald Trump tweeted about Opec on Wednesday amid Independence Day celebrations, to repeat a threat that lower oil prices should be the quid pro quo for the security Continue Reading
Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices down a bit on Monday. Continue Reading
As Independence Day approaches, AAA reports that a record-breaking 46.9 million Americans will travel 50 miles or more away from home, an increase of more than five percent compared with Continue Reading
Chevron has kicked off the sale of a number of its oil and gas fields in the ageing North Sea as part of a review of the U.S. giant’s European Continue Reading
