Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages. Several factors are keeping demand, which we […]
In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with […]
ENB Pub Note: Doug Sheridan on LinkedIn again hits it out of the park. The IRA has done more harm to the US economy than most people realize, and it was a wealth realignment tool […]
In a stunning blow to global climate finance efforts, the Net-Zero Banking Alliance (NZBA)—the world’s largest climate coalition for financial institutions—has suspended its operations and is now polling remaining members on whether to dismantle its […]
Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American […]
ENN Natural Gas announced the new SPA in a statement on Wednesday. Under the 10-year deal, Chevron will deliver “multiple” LNG cargoes annually to ENN, the Chinese firm said. Are you Paying High Taxes in […]
Under the new SPA, EQT will buy 2 million tonnes per annum of LNG for 20 years, according to a joint statement. EQT will purchase the LNG supplies on a free-on-board basis at a price […]
Hanwha Ocean said on Wednesday that it has signed a contract to build one LNG carrier worth 346.6 billion won ($250 million) with its affiliate, Hanwha Philly Shipyard. The vessel is scheduled for delivery by […]
The artificial intelligence (AI) boom is reshaping industries, from healthcare to finance, but it’s also igniting an unprecedented surge in electricity demand. Data centers powering AI models like those from OpenAI and Google are consuming […]
In the Bruce Willis movie, The Last Boy Scout, Bruce uses the line, ” The sky’s blue, water is wet, and women have secrets,” which does not really apply, but it would be fun seeing […]
Copyright © 2025 | Sandstone Group