The Oil Major Primed To Profit In The Permian
European oil majors are working hard to cut their emissions by shedding assets as they attempt to become energy majors One of the highest-profile cases of this transition so far Continue Reading
July US Oil Production Growth Slows
All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM . After the production charts, an analysis of Continue Reading
Hurricane Ida devastation lingers in Louisiana 1 month later
The land on which Audrey Trufant Salvant’s home sits in the small Louisiana town of Ironton has become an island in a sea of mud and snake-infested marsh grass. Nearby Continue Reading
Summary of Weekly Petroleum Data for the week ending September 24, 2021
Summary of Weekly Petroleum Data for the week ending September 24, 2021 U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending September 24, 2021 Continue Reading
U.S. Frackers Fear Vaccine Mandate Will Worsen Worker Crunch
American frackers, already struggling to hire enough workers, are concerned that the coming U.S. vaccine mandate will worsen the situation at a time of rising oil and gas prices. Many Continue Reading
TotalEnergies Expects Peak Oil Demand Before 2030
French supermajor presents two scenarios for global energy and oil demand to 2050. According to TotalEnergies’ Momentum scenario, natural gas will be key to the energy transition, while oil consumption Continue Reading
Total Sees Oil Demand Peaking Before 2030 in Power Switch
French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in Continue Reading
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Continue Reading
Famed Gas Trader Arnold Says Europe Crisis Is Warning for U.S.
Europe’s Energy Crunch Goes Global John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, says the energy crisis in Europe should serve as a cautionary Continue Reading
APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022
Global fuel demand is expected to reach pre-pandemic levels by early next year as the economy shrugs off pandemic woes, but spare refining capacity is likely to weigh on the Continue Reading