Three ships carrying U.S. ethanol head to China – sources
Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, in a sign that exports of the fuel were sharply Continue Reading
Why China Worries About Losing Manufacturing
Every half decade as spring is creeping into the capital, Beijing releases a new five-year plan to signal key economic policy goals. This year, the outline of the plan contains a Continue Reading
California Drivers Rev Up Gasoline Demand in Biggest U.S. State
Northern Californians are taking to the open road in much greater numbers, an early signal that gasoline demand may be returning a year after the pandemic paralyzed the economy. Traffic Continue Reading
Refiners Are Emerging from Deep Freeze and Buying U.S. Oil Again
Physical oil prices in the U.S. are rebounding to levels seen before a deep freeze hit Texas last month, showing fuel-making plants are thirsty for crude again. Seven of 18 refineries Continue Reading
Variant’s Spread in Florida Shows Threat to U.S. Covid Recovery
A highly infectious Covid-19 variant is circulating widely in Florida, prompting concern that a resurgence of the virus is possible in the state and beyond, even as cases and hospitalizations Continue Reading
Big Power Companies in Texas May Clean Up From Storm
For the biggest power companies in Texas, what doesn’t kill them might actually help them emerge stronger. Large players in the Texas power market such as Vistra Energy, NRG Energy NRG 4.47% and Exelon EXC 2.65% have all Continue Reading
Tesla Faces Heavy Competition In Booming EV Market
After years of sheer dominance, signs are now emerging that the most popular EV name could be losing its sway on the markets. Morgan Stanley has just reported that Tesla Continue Reading
Biden’s Energy Secretary To Oil Industry: Adapt Or Die
“I’m not going to sugarcoat how hard transitions are,” new United States Energy Secretary Jennifer Granholm stated on Wednesday. Her comment, made during IHS Markit’s annual CERAWeek conference, was in Continue Reading
Texas Will Not Reverse $16 Billion Power Overcharges During Freeze
The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion Continue Reading
ANALYSIS: Mild US Midwest weather looks to erase nascent deficit to gas storage volumes
Despite February’s deep freeze drastically reducing Midwest gas storage volumes, mild weather in March looks to flip the deficit back in line with historical norms as supply grows and regional Continue Reading