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Month: June 2022

Category:
  • China
  • coronavirus

China Steps Up Covid Tests as US Envoy Warns of Investment Chill

Residents queue for a Covid-19 test in the Hongkou district of Shanghai, China, on June 11. Bloomberg News China’s biggest cities are doubling down on Covid-19 testing in a bid Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • China

Why Are China’s Fuel Refinery Rates So Low?

Chinese refining rates have dropped significantly since last May despite soaring fuel prices in the region. Officially, China is limiting the export quotas to discourage refiners from producing excessive amounts Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • China

China’s new oil product export quotas fail to quench Asia’s burgeoning thirst

Highlights Traders see new China export quotas just drop in bucket China to focus on exporting more gasoline than gasoil China unlikely to inject more jet fuel supplies into Asia Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • LNG

Asian LNG spot prices breach $38/MMBtu as supply risks exacerbate

Highlights Russian pipeline gas supply cut in focus Outages in Atlantic basin to have knock on impact in Asia China may export cargoes as local demand stays weak Asian LNG Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Transportation

As fuel prices surge, RV drivers take shorter trips, get vehicles delivered

Recreational vehicle renters in the U.S. are planning trips closer to home or having fuel-gulping motor homes delivered to their final destination in an effort to cut down on fuel Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Massive Fuel Exports Hinder US Efforts to Build Supplies at Home

Robust demand from Latin America is set to lift US Gulf Coast fuel exports to new heights this month, hampering efforts to build up national inventories amid soaring prices. Waterborne Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Economy
  • USA

U.S. Economic Growth Shows Signs of Slipping

The U.S. economy is starting to slow under the combined weight of soaring inflation and climbing interest rates—including the highest mortgage rates since 2008. Recent reports show sharp declines in Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Prices
  • USA

High U.S. Fuel Exports Are Contributing to $5-a-Gallon Gas

A rapid rise in American fuel exports this year has helped push gasoline prices to a record $5 a gallon and is pressuring U.S. prices of natural gas, which hit Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Climate
  • USA

US Weather Service forecast put gas generators on deck for record summer demand

Lower 48 states at 33-40% risk for hotter temperatures Heat risk highest for Northeast, Texas, the West Coal generation constrained by capacity, supply US gas-fired power generators could see a Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • USA

Analysis: With record pump prices, Biden hard-pressed to ramp up Russia sanctions

As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American consumer. U.S. drivers are embarking on Continue Reading

Posted On : 17 Jun 2022 Published By : Tom Whipple

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