Weak Chinese demand indicators continued to drag oil prices down on Monday, with the U.S. benchmark poised to lose nearly 3% and Brent crude not far behind. At 2:46 p.m. ET on Monday, West Texas Intermediate (WTI) […]
Weekly Daily Standup Top Stories Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher August 10, 2024 Stu Turley The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is […]
Our estimates of diesel consumption in China totaled 3.9 million barrels per day (b/d) in June 2024, a decline of 11% from the same month last year and the largest year-over-year decline in consumption for […]
Danish utility Ørsted has abandoned its pioneering e-methanol project under construction in northern Sweden, blaming poor market growth and difficulty in securing long-term offtake contracts. Ørsted assumed full ownership and took a final investment decision […]
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024. Refiners’ gross inputs of crude and unfinished […]
After an optimistic start to the summer that sent jet fuel demand soaring, analysts now caution that global jet fuel demand is set for a slowdown in tandem with consumer spending, with the potential to […]
Daily Standup Top Stories Biomass power station produced four times emissions of UK coal plant, says report August 9, 2024 Mariel Alumit The Drax power station was responsible for four times more carbon emissions than the UK’s last […]
The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is to make it unaffordable or illegal. Any politician who supports the “net zero” agenda is working to make gasoline prices much […]
Daily Standup Top Stories In 2024, Biden Admin Churned Out $1.2 Trillion In New Regulations August 7, 2024 Mariel Alumit Biden’s administration has added over a trillion dollars in compliance costs for new regulations in 2024 […]
In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d), approaching the monthly record set in May 2023. Most of the imports (94%) were destined for the U.S. West Coast, […]
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