Global diesel and gasoline markets are witnessing blowout crack spreads in the US$50-60 per barrel (bbl) range, reflecting a clear lag in the refining system to respond effectively and decide between supplying diesel or gasoline. […]
According to sources cited by Bloomberg, the White House is weighing oil product (gasoline, diesel, etc.) export limits. The limits under consideration would fall short of a comprehensive ban, according to Bloomberg sources. Curtailing exports could have geopolitical […]
The rapid growth of solar and wind power in recent years has breathed hope into global efforts to reduce greenhouse gas emissions and limit the most dangerous effects of climate change. In 2010, solar and […]
IRVING, Texas–(BUSINESS WIRE)–ExxonMobil today released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil […]
The Economic and Social Mandate Companies throughout the energy value chain have increasingly committed to responsible production and improved environmental performance as they address Environmental, Social, and Governance (ESG) issues. In recent years, a growing […]
In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding by drawing down just under 1%. Wall Street had largely […]
The crude market posted losses in the mid-morning trading June 17, as the market continued to digest the news of a hike in interest rates by the US Federal Reserve and other central banks. At […]
The sky is blue, water is wet, and there is no ESG without accountability.* It is fun to talk about the solution side of ESG rather than complaining. The oil and gas industry has taken […]
REN21’s Renewables 2022 Global Status Report (GSR 2022) sends a clear warning that the global clean energy transition is not happening, making it unlikely that the world will be able to meet critical climate goals […]
The American Petroleum Institute (API) and ExxonMobil Corporation have both responded to a recent letter sent by U.S. President Joe Biden to oil refineries. “While we appreciate the opportunity to open increased dialogue with the […]
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