Biofuel
SHORT-TERM ENERGY OUTLOOK
Forecast overview U.S. economy. Our forecast assumes U.S. GDP growth of 1.5% in 2023 and 1.3% in 2024, which is revised up from last month’s forecast of 1.3% in 2023 and 1.0% in 2024. The upward […]
Gasoline
Big Oil Companies
Gas Is Here to Stay for Decades, Say Fossil Fuel Heavyweights
(Bloomberg) — The biggest fossil fuel players are making the message clear: the transition to a green future will require much more natural gas. From Shell Plc to Chevron Corp., the world’s top producers plan […]
Downstream
U.S. oil refiners again expand fuel capacity after big shrink
HOUSTON, June 21 (Reuters) – U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report […]
Exports
Tajikistan And Turkmenistan Spearhead Transcontinental Transport Corridor
Tajikistan and Turkmenistan are collaborating on the creation of a transport corridor that will connect Asia and Europe. The proposed transport corridor is expected to enhance both countries’ strategic significance, providing a vital link for […]
Fossil
Philadelphia Bridge Collapse Crystalizes Fossil Fuel Debate
The explosion and fire of a tanker truck just north of Center City Philadelphia, leading to the collapse of sections of Interstate 95, one of the most heavily traveled roads in the United States and […]
Exports
Russia’s Gasoline Exports Have Surged By 37% This Year – or have they?
By Charles Kennedy of OIlPrice.com Despite the Western sanctions, Russian oil companies boosted their gasoline exports by 37% between January and May compared to the same period in 2022, Russian daily Kommersant reported on Friday, […]
Gasoline
Arms depot battle rages in Sudan as fuel facility burns
A major blaze engulfed a fuel facility in Sudan’s capital Khartoum as fighting raged between rival military factions for a crucial weapons depot as the battle for the country intensified. Live footage from Arab satellite […]
Electric Vehicles
Cars Still Dominate The American Commute
As part of National Bike Month, celebrated in the U.S. each May to promote cycling as a fun and healthy mode of transportation, today, May 19 was Bike to Work Day. On this day, people […]
Commodities
Europe Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup
Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]
Downstream
Here’s where gas prices are headed (for now) and why
Higher temperatures. Higher gas prices. Drivers across the country have seen that seasonal given play out in recent weeks. The national average for a gallon of regular gas was $3.64 on April 26, up 21 […]