Hedge funds and portfolio managers are reducing their short positions on European diesel futures. Rising natural gas prices and colder weather are boosting demand for diesel and gasoil. Traders are becoming more bullish on diesel […]
Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
ConocoPhillips COP recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster […]
Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal […]
Daily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and he […]
In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
Daily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite […]
India aims to be a refining hub in Asia as it is boosting refining capacity and expects to continue relying on fossil fuels until at least 2040, according to Indian Petroleum Minister Hardeep Singh Puri […]
Weekly Daily Standup Top Stories Joe Biden and Kamala’s Iran Oil Sanctions Failure November 2, 2024 Stu Turley ENB Pub Note: This is an excellent article from Ariel Cohen on the National Interest website. Joe Biden […]
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