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Month: December 2020

Category:
  • Prices

Crude oil futures prices resist bearish EIA data amid vaccine cheer

Crude oil futures rose during midmorning Asia trading Dec. 10 as COVID-19 vaccine momentum kept the market afloat amid a host of bearish developments, including a data release from the Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Shrugs Off U.S. Stockpile Build to Rise on Vaccine Optimism

Oil rose toward $46 a barrel after shrugging off a massive increase in U.S. crude stockpiles on optimism that vaccine rollouts will lead to a swift improvement in global energy Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Show Slight Changes

Oil was little changed in the face of the second-largest U.S. crude build on record as the market held onto hopes of an upcoming vaccine rollout lifting demand from its Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Prices

Oil steadies despite massive build in U.S. crude stocks

Oil prices settled little changed on Wednesday as investors weighed an unexpected jump in U.S. crude stockpiles against optimism that a fast rollout of a coronavirus vaccine would fuel a Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Electric Cars

Tesla and EVs didn’t brake for the pandemic, and now the age of oil is ending

During the first nine months of 2020, car sales cratered, with every major automaker seeing a steep drop in sales as the pandemic raged across the globe. That is, of Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Shipping

Natural Gas, Propane Are Early Winners in Quest for Clean Ship Fuels – WSJ

Natural gas and propane are emerging as the leading choices for fuel sources to power vessels for shipping companies moving to slash carbon emissions in their operations. More than a Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Refining

The Oil Refinery Crisis Will Worsen This Winter

It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Oil Supply

Why The World Might Not Have Enough Oil To Meet Demand Trough 2050

The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Oil Supply

August Non-OPEC Production Rises

 Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to August 2020. Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple
Category:
  • Climate

The world’s rich need to cut their carbon footprint by a factor of 30 to slow climate change, U.N. warns

Despite sharp drop in greenhouse gas emissions during the pandemic, the world remains on pace for catastrophic warming in coming decades Students gather at John Marshall Park in Washington to Continue Reading

Posted On : 10 Dec 2020 Published By : Tom Whipple

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