Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 7, 2019 U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 7, 2019, Continue Reading
U.S. Wind Farm Developers Brace For Trade War Fallout
U.S. wind farm project developers continue to announce new wind power capacity in an industry that grew eight percent last year and contributes more than US$1 billion in state and Continue Reading
Shell Sells California Refinery for $1 Billion
Shell has struck a deal with refiner PBF Energy to sell it its refinery in Martinez, California, for up to US$1 billion, depending on the closing date, the buyer said Continue Reading
EIA: Oil price forecast lower for 2019 on demand concerns
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this Continue Reading
U.S. commodities regulator sees market risk from climate change, urges action
A top U.S. commodities regulator said on Wednesday climate change poses a major market risk and urged federal government action to address it, putting him at odds with the Trump Continue Reading
The new plan to remove a trillion tons of carbon dioxide from the atmosphere: Bury it.
Last month, carbon dioxide levels in the atmosphere surpassed 415 parts per million , the highest in human history. Environmental experts say the world is increasingly on a path toward Continue Reading
Norway’s Sovereign-Wealth Fund Boosts Renewable Energy, Divests Fossil Fuels
Norway’s sovereign-wealth fund is embracing renewable energy and winding down fossil-fuel investments. The Scandinavian nation’s parliament voted on Wednesday to instruct its $1 trillion fund to pull an estimated more Continue Reading
EV revolution could stall due to mineral shortages
More planning is required to ensure adequate supply, researchers say A potential shortage of minerals needed to produce the billions of batteries required to power electric vehicles (EVs) risks slowing Continue Reading
Trump considering sanctions over Russia’s Nord Stream 2 natgas pipeline
President Donald Trump said on Wednesday he was considering sanctions over Russia’s Nord Stream 2 natural gas pipeline project — which the United States has told European companies to avoid Continue Reading
Crude oil futures fall on bearish API data, demand concerns
Crude oil futures were lower during mid-morning trade in Asia Wednesday, amid a build reported in US crude stocks last week while demand and supply concerns continued to exert downward Continue Reading