The feedstock imports for China’s independent refineries fell by 4.3% to 16.38 million mt in January from the 11-month high in December 2021, latest data compiled by S&P Global Platts Continue Reading
The dramatic sprint of crude oil toward $100/b is prompting Asian importers to rethink supply strategy as well as their fiscal roadmap, which could result in an aggressive recourse to Continue Reading
Forecast Highlights Global liquid fuels The February Short-Term Energy Outlook (STEO) assumes U.S. GDP grew by 5.7% in 2021 and will grow by 4.2% in 2022 and by 2.8% in 2023. We Continue Reading
Energy stocks powered through the broader market’s January 2022 slump and are poised to keep rising as long as oil prices stay high and worries about looming interest rate hikes Continue Reading
The $5 billion program to create a national network of electric-vehicle charging stations will give priority to interstate highways and fast chargers before expanding into remote rural and crowded urban Continue Reading
The U.S. shale patch is experiencing its best-ever economics this year thanks to a combination of disciplined spending and high oil prices. The Permian basin is still leading U.S. shale Continue Reading
Earlier this month, the Energy Information Administration reported that oil output in the Permian shale play had hit a record, and it was going to continue growing. And now, the Continue Reading
Oil prices are still trading near seven-year highs, and the Biden administration is feeling pressure to lower inflation Cathie Wood of ARK Invest is predicting that advances in technology will Continue Reading
Crude oil production in the United States could reach 12.6 million barrels daily next year, which would be a record high on an annual-average basis, the Energy Information Administration said Continue Reading
Highlights Gasoline stocks fall 1.64 million barrels Implied demand hits 6-week high Cushing draw leads crude stocks down 4.76 million barrels US gasoline inventories posted a counter-seasonal draw in the Continue Reading
