Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously Continue Reading
In the backyard of California’s Capitol sits Franklin Boulevard, a largely industrial area where many residents earn a living keeping old vehicles on the road. The state, which has been Continue Reading
When Alberta Premier Rachel Notley announced obligatory production cuts of 325,000 bpd in December in a bid to tackle a deep discount between Western Canadian Select and West Texas Intermediate, Continue Reading
Canadian crude-by-rail exports edged higher to a record in November, topping the 300,000 b/d level for only the second time since the government has kept statistics on shipments. Exports by Continue Reading
Cracks are emerging in the U.S. oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Continue Reading
U.S. shale production growth could slow by as much as half this year, according to one industry titan. Continental Resources’ Harold Hamm said that shale growth could decline by as Continue Reading
Volkswagen said it would create a unit to manufacture electric car batteries, as it prepares to mass produce electric cars and overhaul its components division which currently makes engines, gearboxes Continue Reading
Russia came in as China’s largest crude oil supplier in December, cementing the top spot for all of 2018 for the third year in a row ahead of rival Saudi Continue Reading
In 1988, Joseph Tainter published a fundamental study on the collapse of societies, proposing the existence of a common cause, diminishing returns, for the fact that all past empires and Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid bearish data released on US crude inventory by the American Petroleum Institute while sanctions on Venezuela’s oil sector Continue Reading
