Prices have hit a five-and-a-half-month high amid fears of disruptions to supply, according to the outlet Global diesel prices and refining margins have surged following the latest round of US sanctions targeting Russia’s oil trade, driven by traders’ expectations of reduced diesel and crude supply, Reuters reported on Friday, citing analysts and London Stock Exchange […]
Continue ReadingFuel shipments have hit an 11-month high driven by diesel and fuel oil, the outlet has said Russia’s refined fuel exports have surged to their highest level in nearly a year, even as the US imposed new sanctions on the country’s energy sector last week, Bloomberg reported on Thursday. Seaborne shipments of Russian petroleum […]
Continue Reading
Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories but both gasoline and diesel stocks remain below the five-year average. The crude inventory draw compared with another modest of 1.2 million […]
Continue Reading
ENB Pub Note: Michael and I will cover this report from Oilprice.com and other items for a New Year\’s Look into the Energy Markets on Monday\’s Podcast. Oil markets have started the year with a renewed sense of optimism, driven by stock draws in the U.S. and China\’s attempts to stimulate its economy. The gradual […]
Continue ReadingDaily 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 is well on his way to doing that by selecting Chris Wright as Secretary of Energy. Chris is the […] US […]
Continue ReadingWeekly Daily Standup Top Stories China Surpasses Europe in Per Capita Energy Consumption June 30, 2024 Stu Turley China’s energy consumption per capita has surpassed that of Europe, driven by decades of economic growth and infrastructure development. China has made significant investments in renewable energy but remains the world’s largest emitter of greenhouse […] Supreme Court overturns […]
Continue ReadingDaily Standup Top Stories Court blocks Biden admin’s ban on new LNG exports – Is this because of the Chevron Deferenence Supreme Court Decision? July 1, 2024 Stu Turley A federal judge issued a ruling Monday that blocks the Biden administration’s ban on new exports of liquefied natural gas (LNG) following a challenge by a group of more […]
Continue Reading