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Crude Oil News

Oil Should Lure Bulls Back in 2023

December 31, 2022 Mariel Alumit

By Grant Smith and Mark Cudmore, Bloomberg markets live reports and strategists Oil prices may have surrendered the bulk of this year’s gains, but the conditions are right to lure back bulls in the new […]

Crude Oil News

WTI Extends Losses After Small Crude Build, Gasoline Stocks Plunged Last Week

December 29, 2022 Mariel Alumit

Oil prices are lower this morning (despite a small crude draw reported by API overnight) amid concerns about a jump in Covid-19 cases after China suddenly rolled back pandemic rules (which is ironic because prices […]

Big Oil Companies

Chevron CEO denies Biden oil lease claim, details practical energy policy

December 25, 2022 Mariel Alumit

 Chevron Chairman and CEO Mike Wirth discussed the oil company’s growth outlook and Biden’s energy agenda on ‘Mornings with Maria.’ Watch the latest video at foxbusiness.com Chevron Chairman and CEO Mike Wirth detailed what the […]

Major oil pipeline outage to hit U.S. stockpiles, refinery supplies
Commodities

Major oil pipeline outage to hit U.S. stockpiles, refinery supplies – Potentially disastrous for Gasoline if past Friday for repairs.

December 10, 2022 Mariel Alumit

An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said […]

Climate Crisis

California Mulls Ban On All Gas And Diesel Truck Fleets – This will end in a dumpster fire of biblical proportions.

November 25, 2022 Mariel Alumit

ENB Pub Note: California will follow Germany and the EU into depression and social decline with these energy policies.  California’s Air Resources Board has laid out a plan to ban all diesel-powered trucks that would […]

Diesel
Commodities

Diesel Price Premium To Gasoline And Crude Hits Record High

November 16, 2022 Mariel Alumit

The diesel price premium to gasoline and crude oil has hit a record high due to low stockpiles and low refining capacity. The U.S. only had 25 days’ worth of distillate stocks in October compared […]

Energy
Commodities

95% of the fuel ethanol moved in the United States in the first half of 2022 moved by rail

October 22, 2022 Stu Turley

Data source: U.S, Energy Information Administration, Petroleum Supply Monthly, and the Surface Transportation Board Reposted to correct the units of measure in the chart. Fuel ethanol, a biofuel most commonly mixed with finished motor gasoline, […]

Downstream

Paris petrol stations run dry amid TotalEnergies refinery strikes

October 8, 2022 Mariel Alumit

About 10 percent of petrol stations in the Paris region are having problems getting enough fuel supplies, French government spokesman Olivier Veran said on Friday, as strikes at four TotalEnergies refineries continue for a 10th […]

California leads the United States
EIA News

Hurricane Ian temporarily disrupts Florida’s gasoline supply chain

October 8, 2022 Mariel Alumit

Data source: U.S. Energy Information Administration Hurricane Ian made landfall on Florida’s western coast on September 28 as a Category 4 hurricane. The hurricane-related rain and wind and the resulting flooding disrupted key gasoline supply […]

Domestic oil and gas production has increased since President Biden came into office. PHOTO: ROBYN BECK/AGENCE FRANCE-PRESSE/GETTY IMAGES
Commodities

Goldman Sees $5 Gasoline, $130 Brent By Year End

August 15, 2022 Stu Turley

The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Goldman Sach’s Head of Energy […]

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