Oilfield Jobs Tank Again in U.S. After Brief Recovery Last Year
The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group. The companies that Continue Reading
European Gasoline Diverted to Texas to Ease Supply Crunch
Five gasoline tankers that were enroute to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s Continue Reading
Texas Regulators Decline to Reprice $16 Billion Market ‘Error’
Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power market facing a potential financial crisis. Decisions were made about Continue Reading
U.S. REFINERY INSIGHTS: Texas Output Coming Back With Caution
Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant Continue Reading
It’s Too Late for Big Oil’s Pivot to a Carbon Tax
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top lobbying group contemplates taxing itself. That’s big news, and it’s tempting Continue Reading
February 2021 Jobs Report: U.S. Economy Added 379,000 Jobs
Driven by unexpectedly large job gains at the nation’s restaurants and bars, the labor market picked up strength in February, raising hopes that the economic recovery was taking hold more Continue Reading
FedEx to spend $2 billion to buy electric vehicles and $100 million for Yale Center for Natural Carbon Capture
Amazon, Walmart, General Motors, and now FedEx. The giant delivery company joined more than 50 other major corporations when it announced this week that it too aims to be carbon-neutral by Continue Reading
U.S. Oil Rig Count Sees Tiny Increase Amid Oil Price Rally
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 1 this week. The total number of active oil and gas Continue Reading
The Largest Oil Lobby In America Is Now Backing A Carbon Tax
The American Petroleum Institute (API) now advocates a carbon tax? We had to read the API’s press release twice to make sure we were reading correctly. Whatever else this accomplished Continue Reading
Oil Market Even Tighter As 500,000 Bpd Come Offline In Canada
Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor Continue Reading