China’s producer prices gained for the first time in a year in January while core consumer prices posted the first decline in a more than a decade, highlighting the economy’s Continue Reading
On a freezing December morning, hundreds of oil traders, industry researchers and government officials battled bumper-to-bumper congestion as they headed to a hotel north of Beijing’s Forbidden City for an annual Continue Reading
The average utilization rate at China’s independent refineries in eastern Shandong province is likely to fall further in February, with several refineries scheduled to shut for maintenance, while narrowing domestic Continue Reading
Representing a significant milestone in the largest job in its history, Jumbo has completed the transportation element of its Transport & Installation contract for the Yunlin offshore wind farm in Continue Reading
Forecast Highlights The February Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 pandemic has caused Continue Reading
The US Energy Information Administration on Feb. 9 substantially increased its forecast for natural gas production in 2021 and 2022 amid expectations of more associated gas production in the Permian Continue Reading
The US Energy Information Administration revised its crude price forecast higher in its monthly Short-Term Energy Outlook released Feb. 9 amid tightened first quarter supply outlooks. The EIA now expects Continue Reading
The US is estimated to produce 589.2 million st of coal in 2021, the Energy Information Administration said in a Feb. 9 report, lowering its monthly estimate for the third Continue Reading
General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at Continue Reading
American oil explorers will boost drilling and production later this year as crude prices are set to stay above $50 a barrel, according to a U.S. government report. Supply from new Continue Reading
