Energy News Beat Publishers Note: The decision to put in a processing plant and ship by rail is a financial decision. The U.S. will be importing more oil from other countries at very high prices, […]
Diesel traders are snapping up ocean-going tankers to haul millions of barrels of European diesel to the U.S., where the coldest weather in years has brought swaths of the petroleum industry to a halt. At […]
Energy News Beat Publishers Note: This means Russia and other countries that do not have the best interests of the United States has won. We are now at their mercy. More petroleum (including crude oil […]
China’s total crude oil imports surged 7.3% in 2020 despite the coronavirus shock earlier in the year, with record arrivals in the second and third quarters as refineries expanded operations and low prices encouraged stockpiling, data showed […]
Energy News Beat Publishers Note: This is only one of the problems for OPEC and OPEC + in controlling world oil prices. Countries know that with the Biden administration, they will not have sanction enforcement, […]
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