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
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
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
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
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
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
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
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
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
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
