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Home2022June

Month: June 2022

Geopolitical

EU Signs Gas Deal With Israel, Egypt in Bid to Wean Itself off Russian Supplies

June 19, 2022 Stu Turley

The European Union signed an agreement with Israel and Egypt to boost gas shipments on Wednesday, tapping into the gas riches of the eastern Mediterranean as it races to secure alternatives to Russian energy. The EU, […]

A general view of the Lyondell-Basell refinery in Houston- Texas
Downstream

White House tries to blame U.S. refiners for its own overheating error

June 19, 2022 Stu Turley

The White House has sought to deflect the blame for high gasoline prices onto refiners for cutting capacity and not making enough fuel, but the real source of the price increases is the attempt to […]

No Picture
International News

ETEnergyworld confers 30 awards to energy sector leaders, companies for best performance

June 18, 2022

The Awards ceremony was a grand extravaganza which witnessed participation from the top names of the global and the domestic energy industry.New Delhi:ETEnergyworldhonoured leaders in the energy sector, including both individuals and companies, for their […]

gas price
Commodities

East Coast Gas Would Only Drop a Dime If Jones Act Lifted, Says JPMorgan

June 18, 2022 Stu Turley

Exxon has claimed waiving the Jones Act vessel requirements will tame prices Tools at Biden administration’s disposal are limited: analyst Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — […]

Diesel
Commodities

Diesel Crisis Likely to Stay Unfixed by Refining Revival

June 17, 2022 Mariel Alumit

A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products. That’s the takeway from the Paris-based International Energy […]

Latam
Crude Oil News

U.S imports of Latam oil soar as refiners replace Russian barrels

June 17, 2022 Mariel Alumit

HOUSTON, May 19 (Reuters) – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, […]

Russia Sanctions
Crude Oil News

Russia Sanctions Lead to $237B Decline in Oil Project Pipeline

June 17, 2022 Mariel Alumit

The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and […]

West Virginia
Finance

West Virginia may boycott 6 finance firms over fossil-fuel lending stance

June 17, 2022 Mariel Alumit

Dive Brief: The West Virginia State Treasury is slated to blacklist six of the nation’s largest financial firms from accessing state contracts, in view of perceived lending discrimination against the fossil-fuel industry. State Treasurer Riley […]

LNG
International News

Finland to open first LNG terminal

June 17, 2022 Mariel Alumit

Finland’s first floating terminal for liquefied natural gas (LNG) will be placed on the country’s southern coast at the port of Inkoo, some 60 kilometres west of Helsinki, Gasgrid Finland, a state-owned company and transmission […]

Rystad Energy
Commodities

Diesel shock: inflationary spiral imminent as reserves drop to historic lows and refining lags

June 17, 2022 Mariel Alumit

Global diesel and gasoline markets are witnessing blowout crack spreads in the US$50-60 per barrel (bbl) range, reflecting a clear lag in the refining system to respond effectively and decide between supplying diesel or gasoline. […]

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