One of the features of the crude oil market this year has been China’s weak imports and faltering exports of refined fuels. But despite the decline in oil imports, China Continue Reading
PBOC sets stronger-than-expected fixings for 21 straight days Move follows Federal Reserve’s third 75 basis point rate hike Bloomberg News China’s yuan is set for its longest losing streak since Continue Reading
Chinese refiners have plans to increase processing rates by 10 percent next month as they see demand increasing, especially from abroad. Refiners are hoping the government will issue another fuel Continue Reading
Despite lower crude oil refining and imports overall, China has increased its crude oil imports from Russia. Despite lower crude oil refining and imports overall, China has increased its crude Continue Reading
The US Senate voted Wednesday to join more than 130 nations in pledging to phase out the use of super-polluting greenhouse gases found in refrigerators and air conditioners, a step Continue Reading
A big winner from the energy crisis in Europe: the U.S. economy. Battered by skyrocketing gas prices, companies in Europe that make steel, fertilizer and other feedstocks of economic activity Continue Reading
During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand, the U.S. Energy Continue Reading
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive Continue Reading
The Alaskan authorities distributed a check of over $3,000 to almost all residents of the state in payment from its investment fund that gets filled up from oil profits. Called Continue Reading
Geopolitical risk, inflation and banks’ focus on environmental criteria are creating headwinds to developing more natural gas liquefaction capacity at LNG terminals in the US, although commercial support for new Continue Reading
