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Month: August 2021

Category:
  • Asia
  • Climate

Copycat Asian Nationalists Threaten to Overheat Earth for All

As apocalyptic wildfires raged in Greece, California and Turkey last week, the latest report from the Intergovernmental Panel on Climate Change (IPCC) offered a sobering assessment of the damage inflicted Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • China

China’s crude runs likely to retreat in Q3 after record highs

New refining capacity in Q4 could help throughput to rebound China’s crude throughput in July took a breather after hitting record highs in the previous month, with analysts saying high Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • China

China Oil Refining Tumbles to 14-Month Low

China’s oil refining slumped to the lowest level in 14-months as private processors scaled back operations amid a crackdown by authorities. Daily crude processing fell below 14 million barrels a Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • Australia

BHP Quits Oil, Piles Into Potash in Overhaul for CEO Henry

BHP Group unveiled the most sweeping change to its business since the world’s biggest miner was created two decades ago, as it plans an escape away from fossil fuels to Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • China

China Port Congestion Worsens as Ningbo Shuts for Seventh Day

The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert away from Ningbo amid uncertainty over how long virus control Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • China

CHINA DATA: Shandong refiners’ throughput hits 16-month low in July on maintenance, slim margins

Highlights Refining margins fall on rocketing crude prices Monthly throughput forecast to fall below 10 million mt Bitumen blend, fuel oil remain in demand Feedstock throughput at China’s independent refineries Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Oil industry sues Biden administration over drilling auction pause

Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. shale oil output to rise to highest since May 2020

U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since May 2020, according to the Energy Information Administration’s monthly drilling Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

U.S. Treasury to oppose development bank financing for most fossil fuel projects

The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple
Category:
  • Climate
  • USA

In a First, U.S. Declares Shortage on Colorado River, Forcing Water Cuts

With climate change and long-term drought continuing to take a toll on the Colorado River, the federal government on Monday for the first time declared a water shortage at Lake Continue Reading

Posted On : 17 Aug 2021 Published By : Tom Whipple

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