Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
Daily Standup Top Stories Europe Is Already Facing Its Next Energy Crisis November 23, 2024 Clark Savage With winter still approaching, storage is being emptied faster than usual and gas prices have surged, raising echoes of […]
Despite California’s sunny rhetoric about delivering lower prices, the state’s oil industry is undergoing slow-motion deconstruction. It took only a few hours after Gov. Gavin Newsom signed a regulatory bill for Phillips 66 to announce […]
Daily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and he […]
In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
Daily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite […]
India aims to be a refining hub in Asia as it is boosting refining capacity and expects to continue relying on fossil fuels until at least 2040, according to Indian Petroleum Minister Hardeep Singh Puri […]
California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite affordability concerns. Consumer advocates fear that this move could raise gasoline prices by almost 50 cents per gallon. Currently, Californians […]
ENB Pubnote: This is an excellent article from Nathan Hammer’s Substack. I recommend subscribing for his excellent articles on energy. The closure process is set to begin in January 2025, with the company expecting […]
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