Despite a surprisingly large crude draw, oil prices are lower this morning as a pipeline carrying Russian oil to Europe was reported to have restarted after being offline during a turbulent 24 hours. Prices dropped […]
This year’s average U.S. gasoline prices on Thanksgiving are expected to be at their highest level ever for the holiday. Gasoline prices have dropped a lot from the record highs in June. The number of […]
The diesel price premium to gasoline and crude oil has hit a record high due to low stockpiles and low refining capacity. The U.S. only had 25 days’ worth of distillate stocks in October compared […]
October container volumes at the Port of Los Angeles dropped by 25% on the year amid slowing import demand and ongoing cargo shifts towards the US Atlantic and Gulf coasts as shippers look to alternative […]
Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]
Cognitive dissonance is rearing its ugly head as the many politicians who agitated against fossil fuels investment, production and consumption now complain about high prices. Sadly, this is not new as energy policies are often […]
Large swaths of North America face elevated reliability risks this winter, generally driven by factors such as higher peak demand and power plant retirements, according to Fritz Hirst, NERC director of legislative and regulatory affairs. […]
Democrats’ success at holding on to the US Senate in the midterm elections will help them sustain their party’s efforts to decarbonize the energy sector. Not only will they be able to advance energy agency […]
ENB Pub Note: Stu Turley, ENB Host was able to interview Tom Jensen, CEO, FREYR Battery, on the ENB Podcast released on November 3, 2022. You can check out the entire interview HERE. Lithium-ion gigafactory […]
The one promise that President Joe Biden has faithfully kept is his pledge to “close down” fossil fuels. We get two-thirds of our energy in America from fossil fuels, and almost one-third of our power […]
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