For every week that passes without any breakthrough between Tehran and Washington, the prospect of a restored JCPOA nuclear deal looks bleaker. Talks in Vienna have remained stalled for weeks, Continue Reading
Jet fuel demand is finally taking off as American travelers return to the skies, but concerns over the Delta variant of Covid-19 may further delay full recovery. U.S. consumption of Continue Reading
The median projection by U.S. Federal Reserve rate setters of 7% economic growth in 2021 is slipping out of reach, Bloomberg Economics’ updated forecasts suggest. The main factor behind the downward Continue Reading
Conditions in and above the Atlantic Ocean continue to suggest that this year’s hurricane season will be an above-average one, a government scientist said Wednesday.Matthew Rosencrans, of the National Oceanic Continue Reading
Texas Eastern Transmission on Aug. 4 lifted an extended capacity restriction on its 30-inch line, opening the floodgate for more Appalachian gas to flow southbound to markets in the US Continue Reading
A rapidly spreading wildfire burned homes and forced thousands to evacuate in two heavily wooded counties northeast of Sacramento in Northern California on Wednesday, generating a towering plume of smoke Continue Reading
A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other “carbon polluters” that they hope to attach Continue Reading
U.S. crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 3.6 Continue Reading
A quick start to the Atlantic hurricane season saw five storms form so far this year, well ahead of normal pace of a normal year, before settling into a lull Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so Continue Reading
