World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]
A former top state oil regulator filed a lawsuit this week alleging he was effectively fired by the Newsom administration for objecting to orders in January that he implement a law that was about to […]
The U.S. and Saudi Arabia are in talks to secure metals in Africa needed for both countries’ energy transitions, as the White House tries to curb China’s dominance in the electric-vehicle supply chain and the kingdom looks […]
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil […]
September 13, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. ethane production reached a new monthly record of 2.7 million barrels per day (b/d) in April 2023, continuing the upward trend that […]
EconomyBusiness and Economy BP chief executive Bernard Looney has resigned after admitting to not being “fully transparent” about past relationships with colleagues, the British energy giant has said. Looney’s resignation follows recent allegations of personal […]
Authored by David Craig via The Daily Sceptic, The Government’s plans to force Britain to achieve ‘Net Zero’ CO2 emissions by 2050 seem to be falling apart. Few people seem interested in buying expensive, range-limited […]
Authored by Mark Gilman via The Epoch Times (emphasis ours), With the average 30-year fixed mortgage interest rate now over 7 percent and a shockingly low inventory of homes available, Americans are looking for second […]
Daily Standup Top Stories Gas prices jump as Australian LNG workers begin partial strikes at key Chevron sites September 12, 2023 Mariel Alumit (Bloomberg) – Liquefied natural gas (LNG) workers at key Chevron Corp. sites in […]
Tuareg rebels in northern Mali have claimed to have seized control of a military camp and posts in the town of Bourem after weeks of fighting against the national army and Wagner mercenaries, threatening to […]
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