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Home2021

Year: 2021

Bank of America -energynewsbeat.com
Commodities

Why Bank Of America Thinks Oil Prices Are Heading To $100

September 13, 2021 Mariel Alumit

Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which could be the most important driver of global energy markets in the coming months, Bank of America […]

Commodities

Here are three reasons why the natural gas prices could still double from here.

September 13, 2021 Mariel Alumit

It has been a shift in commodity matrices like never before, where supply and demand are still critical, but not the only factors. Geopolitical, natural gas hunger, low supplies in Europe and Asia, and no […]

U.S. coal exports
EIA News

EIA releases plant-level U.S. biofuels production capacity data

September 13, 2021 Mariel Alumit

As of January 1, 2021, total U.S. biofuels plant production capacity reached 21 billion gallons per year (gal/y) (or 1.3 million barrels per day [b/d]), as reported by 278 facilities. Fuel ethanol producers accounted for […]

ENB Podcast

“An Intellectually Honest Approach To Climate Change” – A discussion with Goodrich Petroleum

September 13, 2021 Stu Turley

There are some topics that are important to me are around the Dispraportantly Impacted Countries and Communities. Energy policies around the world seem to be written with emotion rather than a holistic look to a […]

Electrical Generation / Utilities

Record-Breaking Energy Prices Could Soar Even Higher In Europe

September 11, 2021 Stu Turley

The European electricity market is in crisis as a perfect storm is driving up prices to ever greater heights. The timing couldn’t have been worse as countries across the continent are reopening and energy demand […]

Gas pumps -ENB
Commodities

Robust Gasoline Consumption Fuels Record-High U.S. Oil Demand

September 11, 2021 Stu Turley

U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices have room to rise even […]

Electrical Generation / Utilities

Poland Wants to Detail EU Role in Surging Electricity Prices

September 11, 2021 Stu Turley

Facing a steep and unpopular increase in power prices, the Polish government wants electricity invoices to specify the additional costs households face due to European Union climate policies. The bloc’s most coal-dependent nation will need to increase […]

Phillips 66
Downstream

Oil Refiner Phillips 66 May Idle Hurricane-Ravaged Facility

September 11, 2021 Stu Turley

Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation. Chief Executive Officer Greg Garland is […]

Exploration and Production

Fifth Circuit issues devastating defeat for oil and gas companies in hour and wage dispute

September 11, 2021 Stu Turley

Energy companies that compensate employees by the day – be it $200 or $1,000 – must still pay those people overtime because they are not considered exempted salaried personnel under the strict wording of the […]

Commodities

Saudi Aramco may open $110-billion gas project to foreign investors

September 10, 2021 Stu Turley

ENB Publishers Note: As Saudi Aramco had to incur debt this year to pay its portion to support the Saudi Arabia social programs, it is not surprising that they are seeking outside investors. Unusual, but […]

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