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Month: June 2021

Category:
  • Climate
  • USA

The Dalles Dam water forecast continues to fall, driving power forwards to record highs

The Dalles water-supply forecast at 84% of normal The Dalles inflows 38.6% below three-year average Mid-C August 336.5% higher than 2020 package The Dalles Dam water supply forecast is sitting Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • p-

US crude oil inventory draws extend amid rising refinery demand, lower production

Highlights Commercial crude stocks fall 5.0.8 million barrels Refinery net inputs rise 2.4% USAC gasoline stocks remain tight despite build US crude oil inventory declines extended in the week ended Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Exxon

New Exxon board member Hietala brings business transformation experience

Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • USA

US jobless claims drop to 385,000, another pandemic low

The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Arctic
  • Russia

Russia’s Gazpromneft and Novatek to set up joint Arctic offshore venture

Russian oil producer Gazpromneft (SIBN.MM) has agreed with gas producer Novatek (NVTK.MM) to set up an Arctic offshore joint venture and will together develop the North-Vrangelevskiy area, the companies said Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Climate
  • Shell

What a Dutch Court Ruling Means for Shell and Big Oil

Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Pipelines
  • Poland

Poland says it is analyzing Denmark’s Baltic Pipe environmental permit withdrawal

The Polish government is analyzing Denmark’s decision to withdraw the environmental permit for the Danish section of the 10 Bcm/year Baltic Pipe project, officials said June 4. Receive daily email Continue Reading

Posted On : 4 Jun 2021 Published By : Tom Whipple
Category:
  • Prices

Crude oil futures rise on bullish API crude draw, favorable demand outlooks

Crude oil futures were higher during midmorning trade in Asia June 3 as the American Petroleum Institute reported a large draw in crude inventories, reinforcing the narrative that fundamentals in Continue Reading

Posted On : 3 Jun 2021 Published By : Tom Whipple
Category:
  • Prices

Hedge Funds Grow More Bullish On U.S. Crude Oil

Money managers reduced their bullish bets on the six most important petroleum contracts, but they bought more WTI Crude futures in the week to May 25 amid strong fundamentals for Continue Reading

Posted On : 3 Jun 2021 Published By : Tom Whipple
Category:
  • Prices

Climate Revolt Against Big Oil May Lead To Surge In Crude Prices

The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in a surge Continue Reading

Posted On : 3 Jun 2021 Published By : Tom Whipple

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