Why Oil Majors Are Going All-In On U.S. Shale
Chevron sold off much of its assets in the North Sea, no longer viewing the region as a high priority. Ithaca Energy, backed by Israel-based Delek, agreed to buy Chevron Continue Reading
Analysis: US gasoline stocks rise as implied demand stumbles
US gasoline inventories climbed 2.2 million barrels last week to 230.94 million barrels despite a drop in production, suggesting lower demand, data released by the Energy Information Administration showed Thursday. Continue Reading
Oil Industry Ready to Attack as Trump Ups Ethanol in Fuels
Oil industry foes are preparing to go to court to fight an Environmental Protection Agency regulation allowing year-round sales of higher-ethanol E15 gasoline nationwide. The agency’s final rule, set to Continue Reading
US energy department rebrands gas exports ‘molecules of freedom’
US energy officials appeared to rebrand natural gas produced in the country as “freedom gas”, in a statement announcing an increase in exports. The US Department of Energy said the Continue Reading
The Energy 202: Trump administration’s ‘molecules of U.S. freedom’ come with a cost
“Molecules of U.S. freedom.” “Freedom gas.” That’s the latest way the Trump administration has decided to describe fuel that oil and gas companies are selling abroad. Both of those turns Continue Reading
UK data: Oil output rises 9% on year in Q1
UK oil production rose by nearly 9% on the year in the first quarter of 2019 to 1.18 million b/d, continuing a half-decade revival and beating industry expectations, government statistics Continue Reading
UK passes 300 hours of coal-free power generation
The UK passed 300 hours of coal-free generation on Thursday, the National Grid said, as mild, windy conditions reduced the need for older power plants. Receive daily email alerts, subscriber Continue Reading
Russia to start removing tainted oil from Belarus pipeline on June 1: Interfax
Russia’s pipeline monopoly Transneft said on Friday it planned to start removing tainted oil from the Belarusian pipeline on June 1, Interfax news agency reported citing a Transneft spokesman. The Continue Reading
Rotterdam The Hague Airport initiates study for the production of renewable jet fuel from air
Rotterdam The Hague Airport and a European consortium led by EDL Anlagenbau Gesellschaft mbH signed a cooperation agreement to develop a demonstration plant that produces renewable jet fuel from air. Continue Reading
Crude oil futures see mild recovery on bullish inventory data
Crude oil futures saw a modest upswing in mid-morning Asian trade on Thursday, despite a significant drawdown in US crude oil inventories, as US-China trade concerns continue to overshadow sentiment Continue Reading