COMMENTARY: How to Unleash Small Modular Reactors – Alex Epstein
My testimony to the House Oversight Committee on “The New Atomic Age: Advancing America’s Energy Future.” By Alex Epstein This week I testified in front of the House Committee on…
Oil Steadies as Concerns About Tariff Impacts Vie With Russian Supply Threats
(Reuters) – Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may…
Asia Steps Up US WTI Oil Imports as Middle East Prices Rise
WTI’s arbitrage has been wide open to Asia for the past week for cargoes arriving in early November, said June Goh, a senior analyst at Sparta Commodities. U.S. producer Occidental…
US Gasoline Demand in May Hits Lowest Seasonal Level Since 2020, EIA Says
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month since the coronavirus pandemic of 2020, data from the Energy Information Administration showed on Thursday, indicating…
Phillips 66 Hit with $800 Million Penalty in Biofuel Trade Secrets Case
“In summary, the court finds that Phillips 66’s misconduct was ‘reprehensible’ from a business perspective. The evidence at trial reflects that Phillips 66 took advantage of Propel Fuels by abusing…
Exxon, Chevron Profits to Drop to Lowest Point Since Pandemic, Analysts Say
(Reuters) – Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil…
Blackstone Emerges as Frontrunner to Buy Enverus
Summary Blackstone may pay around $6 billion for Enverus Veritas Capital also showed interest in Enverus Enverus owner H&F has been running sale process in recent weeks (Reuters) – Blackstone…
US Oil Output Rose to Fresh Record in May, EIA Data Shows
(Reuters) – U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the…
FERC Staff Recommend Final Environmental Approval for Rio Grande LNG Project
(Reuters) – Staff at the Federal Energy Regulatory Commission have recommended Next Decade’s Rio Grande LNG project in Brownsville, Texas, receive its final environmental approval, a document showed. The recommendation…
California Imports Saudi Arabian Gasoline for First Time Since 2022
(Reuters) – Fuel importers in California have received gasoline from Saudi Arabia’s Jubail Industrial Port after maintenance at the world’s largest refinery in India helped to open the rare arbitrage…
