ENB Pub Note: Mike Umbro, a great guest on the Energy News Beat Podcast, was mentioned in the article, and his cover picture. He truly has the right ideas for California, unlike the current political leadership. The oil and gas business has been decimated in California by design. They want you to walk and not […]
Continue ReadingENB Pub Note: This article first ran on The Crude Truth Substack by Rey Trevino here: https://crudetruth.substack.com/p/what-is-impacting-oil-prices-today. I agree with the article and the author, but what do you think? Do you think Saudi Arabia can control production, or will it just give up? When countries that can just print money do it, what is […]
Continue ReadingWeekly Daily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, and coal plants to jumpstart growth and unleash American energy. The Environmental Protection Agency (EPA) announced Wednesday that it is […]
Continue ReadingThe US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shasndong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to the Houthis, and the Iranian Ministry of Defense of […]
Continue ReadingDaily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, and coal plants to jumpstart growth and unleash American energy. The Environmental Protection Agency (EPA) announced Wednesday that it is introducing […]
Continue ReadingPresident Trump\’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican oil imports may see a sharp decline due to alternative sources available to Gulf Coast refiners. These tariffs could lead […]
Continue ReadingShandong Yulong Petrochemical is set to begin trial runs at its second 200,000 bpd crude processing unit, increasing China\’s refining capacity. This expansion could lead to a boost in China\’s crude oil imports, despite recent declines. The refiner has been diversifying its crude sources, increasing purchases from West Africa and Brazil. Shandong Yulong Petrochemical, the […]
Continue ReadingDaily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years. This move follows a contract signed by PV […] […]
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ENB PUB Note: I call it \”Drill Baby Drill, when fiscally responsible.\” The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast. By Wolf Richter for WOLF STREET. Crude oil production in the US rose by 2.5% in 2024, and by 165% since 2008, to a record […]
Continue ReadingData source: China General Administration of Customs, Bloomberg L.P. Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 […]
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