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Month: March 2021

Category:
  • Oil Supply
  • USA

US gasoline inventories plunge as demand outstrips storm-battered supply

Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

US interior advances plan to rewrite rules regarding oil, gas extraction

The US Department of the Interior delved deeper into its review of federal minerals, a move that affects 12% of natural gas and 22% of crude production, as it develops Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • USA

Wholesale solar power sales jump in 2020 due to increased installations

US wholesale solar power sales in 2020 increased 25% compared with 2019, reflecting the increase of solar generation that was installed during the year, according to data reported to government Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Shale Oil

Oilfield Services Job Losses Top 10,000 for February

An analysis of preliminary BLS data by the Energy Workforce and Technology Council shows a loss of 10,000-plus OFS jobs last month. Employment in the U.S. oilfield services and equipment Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Shale Oil

Why U.S. Shale Production Remains Stubbornly High

I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall sharply to Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • USA

US gasoline inventories plunge as demand outstrips storm-battered supply

Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Coal

Continued competition and economic uncertainty to reign in coal market optimism in 2021

There is optimism for coal markets in 2021, but the extent of it remains unknown given competing factors and continued economic uncertainty, Andy Blumenfeld, heads of market analytics at IHS Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Ammonia
  • Shipping

Lloyd’s Register awards an Approval in Principle to EXMAR ammonia-fueled gas carrier

Lloyd’s Register (LR) has awarded an Approval in Principle to EXMAR for its ammonia (NH 3 )-fueled 40,000 m 3 Midsize Gas Carrier, a significant milestone for the progression of Continue Reading

Posted On : 11 Mar 2021 Published By : Tom Whipple
Category:
  • Prices

Crude extends fall as OPEC+ optimism fades, US inventories rise

Crude oil futures fell during the mid-morning trade in Asia March 10 as bullishness over OPEC+ rolling over production quotas faded and the American Petroleum Institute reported a large build Continue Reading

Posted On : 10 Mar 2021 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Drop As Traders Take Profits

Speculators have been selling oil over the past two weeks as prices continue higher and the appetite for profit-taking increases. How long it will last is anyone’s guess, but it Continue Reading

Posted On : 10 Mar 2021 Published By : Tom Whipple

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