Enbridge’s proposed tunnel project to extend the lifetime of its Line 5 propane, crude oil and fuels system is facing new potential delays after the Michigan Public Service Commission ordered the reopening of the application […]
OPEC+ pumped more than 2.5 million barrels per day (bpd) below its target in June, despite a rebound in Russia’s oil production that helped the group’s output rise by 730,000 bpd from May, according to […]
(Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The […]
As I sit down on this July 4th holiday weekend, it is a time to reflect on what a great country we live in. We take things for granted like the freedom to travel, and […]
Some regulations are good for the energy industry and have saved lives, property, and the environment. But when a regulatory body makes executive-level decisions unchecked that is when the question of being overly powerful comes […]
Western nations made a mistake by imposing energy sanctions on Russia, and if they persist with further restrictions it will be a catastrophe for global markets, said President Vladimir Putin. “Sanctions restrictions on Russia cause […]
A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the trade. Shippers can earn around $1.6 million hauling Russian ESPO oil on […]
Oil prices have fallen by more than 20% since March. Gasoline prices, however, have not reflected the drop. The ongoing pain at the pump will likely continue. Recession fears took hold of oil markets this […]
To get Platts OPEC+ survey sooner, join Platts Dimensions Pro. OPEC and its Russia-led allies hiked crude oil production by 390,000 b/d in June, according to the latest Platts survey by S&P Global Commodity Insights, though […]
According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by one vessel from last week, while the Henry Hub spot price decreased to a monthly average. In the latest Short-Term […]
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