Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories but both gasoline and diesel stocks remain below the five-year average. The crude inventory draw compared with another modest of 1.2 million […]
Continue ReadingDaily Standup Top Stories Job One for Doug Burgum at Interior – David Blackmon December 11, 2024 Clark Savage Anticipating a potential Donald Trump win over first Joe Biden and then Kamala Harris in the presidential race, officials and bureaucrats have spent the last 12 months pushing out as many new regulations as they […] Oil Wobbles […]
Continue ReadingDaily Standup Top Stories China Targets Critical Metals in Tit-for-Tat Response to US December 3, 2024 Clark Savage Beijing bans exports of germanium, gallium to American market Move is a swift reply to Biden’s escalation of tech curbs China announced an outright ban on exports of several materials with high-tech and […] OPEC+ Is Firming […]
Continue ReadingDaily Standup Top Stories Traders Become More Bullish on European Diesel as Winter Arrives December 2, 2024 Mariel Alumit Hedge funds and portfolio managers are reducing their short positions on European diesel futures. Rising natural gas prices and colder weather are boosting demand for diesel and gasoil. Traders are becoming more bullish on diesel […] U.S. Enters […]
Continue ReadingDaily Standup Top Stories Tech Industry Wants to Lock Up Nuclear Power for AI July 1, 2024 Stu Turley Largest tech companies are looking to buy nuclear power directly from plants, which could sap the grid of critical resources Tech companies scouring the country for electricity supplies have zeroed in on a key target: […] Will Evil […]
Continue ReadingDaily Standup Top Stories Texas Oil Regulator Flags Endangered Species Designation May 22, 2024 Mariel Alumit In a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and Wildlife Services (USFWS) announced that it would be listing the Dune Sagebrush Lizard (DSL) as an endangered […] EIA Warns Severe Hurricane Season […]
Continue ReadingDaily Standup Top Stories Lessons from Texas for California, New York and Other Green Virtue Signaling States May 8, 2024 Mariel Alumit Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas – one of the largest power systems in the United States – […]
Continue ReadingDaily Standup Top Stories TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. May 1, 2024 Mariel Alumit (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for […]
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