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Month: June 2021

Category:
  • Venezuela

Biden’s Venezuela policy in holding pattern after Maduro outlasts sanctions pressure

Diesel shortage could force White House to ease sanctions Growing calls by US Democrats for humanitarian relief Production outlook hinges on US sanctions, China tax After Venezuelan President Nicolas Maduro Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • China

China Looks To Crack Down On Speculation As Coal Prices Break Records

China is looking to put soaring coal prices under control by starting an investigation into the market and coal prices to prevent speculation and hoarding of supply. Chinese state planner, Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • China

CHINA DATA: May exports of key oil products fall 21% on month to 3.8 mil mt

China’s exports of key oil products fell 21.6% month on month in May, showed preliminary data from the General Administration of Customs, or GAC, on June 18. The fall in Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • USA

Heatwave bakes U.S. Southwest for fifth day as power grids hold up

The U.S. Southwest baked under an unrelenting heatwave for a fifth day on Friday, putting power systems to the test as more records were expected to be broken before a Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. drillers add oil and gas rigs for second week in a row

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo June 18 (Reuters) – U.S. energy firms Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Jumps As Oil Prices Hold Above $70

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • Nuclear
  • USA

U.S. Needs Nuclear Power To Hit Climate Targets: Granholm

Nuclear power is an indispensable part of the Biden administration’s plan to reduce carbon dioxide emissions by 52 percent over the next ten years, Energy Secretary Jennifer Granholm said at Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • Shale Oil

USA Shale Finally Making Money After Blowing $300B

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. (Bloomberg) — Marathon Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • Shale Oil

Empty Oil Tanks at Key Storage Hub Show Speedy Demand Rebound

 Crude storage tanks that were brimming a year ago when the pandemic grounded flights and kept drivers at home are beginning to empty in the main U.S. distribution hub, the Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple
Category:
  • USA

Maine Becomes First State to Order Public Fossil-Fuel Divestment

Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after Governor Janet Mills signed a measure ordering public funds to jettison investments in coal, Continue Reading

Posted On : 19 Jun 2021 Published By : Tom Whipple

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