U.S. Gasoline Demand In 2021 May Have Peaked Already
The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil Continue Reading
US crude, gasoline stocks expected to keep falling as demand grows
Highlights Refinery utilization seen higher, distillate stocks likely up Crude exports seen around 2.9 million b/d: Platts Analytics Gasoline demand expected to soften The weekly streak of US crude oil Continue Reading
Caribbean oil refinery seeks bankruptcy as lenders refuse to inject more cash
The owners of Limetree Bay, a Caribbean oil refinery dogged by cost overruns and regulatory troubles, filed for bankruptcy on Monday after lenders balked at putting new cash into the Continue Reading
Crowley to build and operate the first all-electric US tugboat to serve Port of San Diego; eWolf
Crowley Maritime Corporation will build and operate eWolf, the first all-electric powered harbor tugboat. The 82-foot vessel with 70 tons of bollard pull advances Crowley and the maritime industry’s efforts Continue Reading
USA Gasoline Demand Surged 9.5% Last Week
Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely Continue Reading
U.S. oil mergers surge as energy, share prices recover from pandemic
U.S. oil and gas mergers surged last quarter with the most $1 billion-plus combination since 2014, according to data released on Monday, as rising energy and share prices led to Continue Reading
France Pushes Back Against EU Banning Combustion Cars by 2035
France is resisting the European Union effectively phasing out combustion-engine car sales by 2035, advocating for a more lenient target for the end of the decade and a longer leash Continue Reading
Siemens starts construction of 8.75 MW hydrogen plant in Bavaria
Wunsiedel electrolyzer set to start in summer 2023 1,350 mt/year output for regional consumption Siemens has started construction of an 8.75 MW electrolyzer plant in Germany to be operational in Continue Reading
Nord Stream 2 gas link construction to be completed by end-August: CEO
Goal to have pipeline operational in 2021: Warnig Warnig sees Ukraine retaining Russian gas transit role Nord Stream 2 to be ready to carry hydrogen in 10 years Construction of Continue Reading
Norway’s Equinor sees role for blue hydrogen beyond 2050 in net-zero CO2 world
Targets 10% of European low-CO2 hydrogen by 2035 Economical CCS needs around Eur100/mt CO2 price A third of Northern Lights CCS space contracted Norway’s state-controlled energy company Equinor is confident Continue Reading