American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight vessels set sail from the […]
Last week we argued in Oilprice.com (“Can Renewables Become As Profitable As Oil and Gas?”, January 5, 2021) that oil companies could not maintain their expected levels of profitability by investing massively in renewable energy […]
Energy News Beat Publishers Note: Here is the key quote in the article: “Without a strategy for their end-of-life management, so-called green technologies like solar panels, electric vehicle batteries, and windmills will ultimately place the […]
In the final months of 2020, electricity generation from wind turbines in the United States set daily and hourly records. Hourly data collected in the U.S. Energy Information Administration’s (EIA) Hourly Electric Grid Monitor show an hourly […]
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to plug its budget deficit, after a political dispute over borrowing left one of the […]
The Committee emphasized the ongoing positive contributions of the Declaration of Cooperation (DoC) in supporting a rebalancing of the global oil market in line with the historic decisions taken at the 10th (Extraordinary) OPEC and non-OPEC […]
Energy News Beat Publishers Note: From #hottakeoftheday – the Wald Wednesday edition is excellent. Yesterday we ran a story on China’s creation of a carbon credit scheme (referring to China’s carbon credits as a scheme). […]
Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $183.9 million for fourth quarter 2020 compared to $286.4 million for fourth quarter 2019. The decrease in fourth-quarter 2020 net income continued to be driven by reduced demand for […]
Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas […]
The U.S. has gone to court to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department […]
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