Another bout of power supply shortages hit Texas this week amid power plant maintenance season, prompting the Electric Reliability Council of Texas to call on Texans to conserve energy. However, Continue Reading
Highlights Crude stocks fall 5.89 million barrels Refinery inputs strongest since March 2020 Gasoline demand hits eight-month high US crude oil inventories saw a third weekly draw in the week-ended Continue Reading
Weekly US crude exports fell over the week ended on April 9, however, despite the week-on-week fall, the four-week moving-average for US crude exports rose to its highest level since Continue Reading
Texas came uncomfortably close to another round of rolling blackouts Tuesday night because grid operators misjudged the weather. The Electric Reliability Council of Texas, which manages most of the state’s grid, Continue Reading
Joe Biden’s plan to plug tens of thousands of abandoned oil wells across the US risks rewarding fossil fuel operators who shirk their clean-up responsibilities and hooking the industry on Continue Reading
After a day that many hoped might add clarity to the rollout of Johnson & Johnson’s troubled Covid-19 vaccine, the picture on Thursday is as muddy as ever in the Continue Reading
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point , over one two-week period, eight of Continue Reading
Meeting rising gasoline demand heading into the summer months is the best bet for U.S. refineries to stop the losses they had incurred last year and in the first quarter Continue Reading
As the U.S. and global economy recover, production in the Permian Basin is finally returning to pre-pandemic production levels as the American oil industry gets back on track. By May, Continue Reading
American Airlines expects its domestic and international seat capacity during the summer travel season to be within 10% and 20% of levels seen in the same period of 2019, the Continue Reading
