NNPC looking to buy 20% stake in Dangote refinery Dangote expects refinery to come online next year NNPC desperate to reduce fuel imports State-owned Nigerian National Petroleum Corp., or NNPC, Continue Reading
Venezuela welcomed this week its first diesel cargo since November 2020, a fuel that the country sitting atop the world’s largest oil reserves has been forced to ration, similar to Continue Reading
Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia Continue Reading
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state Continue Reading
US natural gas storage fields injected 115 Bcf for the week ended May 21 — much more than expected — prompting Henry Hub futures to decline across the board May Continue Reading
Despite President Biden’s pledge to aggressively cut the pollution from fossil fuels that is driving climate change, his administration has quietly taken actions this month that will guarantee the drilling Continue Reading
U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as Continue Reading
Highlights Third refinery sale in a month Shell retains one US refinery Tighter EU ETS system in effect Shell on May 27 said it reached an agreement to sell its Continue Reading
GOP plan calls for nearly $1 trillion over eight years EV concession is a fraction of Biden’s $174 billion plan Plug-in EVs hit record 3.6% market share in US in Continue Reading
Annualized output projection rises 7% to 572 mil st All four major basins slide from week ago Weekly US coal production was estimated at 11.6 million st, down 5.4% from Continue Reading
