Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season. Futures edged up after earlier falling as much as 2% in […]
Source: U.S. Energy Information Administration, Refinery Capacity Report As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to […]
Source: U.S. Energy Information Administration, based on U.S. Drought Monitor Most of the western United States is experiencing intense and historic drought conditions. California is one of the most severely affected states. As of June 22, 2021, 100% […]
China’s Ganfeng Lithium on Tuesday said its subsidiary had received approval to build a 20,000 tonnes per year lithium plant for its Mariana project in northern Argentina, where it intends to use solar power. Ganfeng, one of the […]
Just days after video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico’s national oil company has declared that environmental damage was avoided due to quick action […]
There may be no respite for fuel consumers in the country facing high prices of petrol and diesel for the past couple of months as global oil scenario is expected to remain firm with oil […]
Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today provided an update regarding operatorship for the Company’s Zama asset in offshore Mexico. On July 2, 2021, Talos was notified by Mexico’s Ministry of Energy (“SENER”) that it had designated […]
In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu), down 9% from 2019 and the lowest level since 1991, […]
So when will China overtake the U.S. to become the world’s biggest economy? These questions are more consequential whether for executives wondering where long-term profits will come from or investors weighing the dollar’s status […]
Wall Street brokerages forecast that Rattler Midstream LP (NASDAQ:RTLR) will post earnings of $0.27 per share for the current quarter, Zacks reports. Three analysts have made estimates for Rattler Midstream’s earnings. The lowest EPS estimate is $0.25 […]
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