Oil Market Braced For Glut as Asian Refiners Look Further Afield For Crude
By , , and Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring…
Parched Texas Ranches Offer a Solution to Shale’s Water Woes
Oil companies in the Permian Basin are exploring desalination to recycle fracking wastewater for agricultural use. By In the heart of North America’s most prolific oil field, West Texas is…
COMMENTARY: Charting the Projected US Power Capacity Mix Through 2035 – Maguire
By LITTLETON, Colorado, Aug 21 (Reuters) – U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly…
US Resumes Imports of Venezuelan Oil Under New License to Chevron
(Reuters) – Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country’s oil following a new license…
JPMorgan Hires Two Investment Bankers to Bolster Services to Energy Companies
(Reuters) – JPMorgan Chase has hired two bankers to boost its investment banking capabilities for energy companies, including one which will help the bank focus on coverage of middle-market clients…
Oil Rises 1% on Signs of Strong Demand, Russia-Ukraine Peace Uncertainty
Summary Brent, WTI rise for a second session US crude, gasoline stocks fall, lifting demand outlook Focus on talks for Ukraine peace deal (Reuters) – Oil prices rose 1% on…
Asia’s Imports of US LNG to Surge, but Likely Not Enough for Trump: Russell
But of far more importance is the Kpler estimate that Asia’s LNG imports from the United States will surge to 3.61 million tons in October, which would be the second-highest…
BP’s Whiting Refinery Restarts But Not Expected to be at Full Rates Until Early Next Week, IIR Says
(Reuters) – BP’s 440,000-bpd refinery in Whiting, Indiana, was in the process of restarting after flooding disrupted its operations earlier this week, industry monitor IIR said on Wednesday, adding the…
Solar May Account for Half of New US Electricity Added This Year, EIA Says
By NEW YORK, Aug 20 (Reuters) – Developers are on track to add 33 gigawatts of solar power in the U.S. this year, accounting for about half of the total…
Crude Inventories See Sharp Decline as Exports Rise, EIA Says
Crude inventories fell sharply last week amid lower imports and a jump in exports, the U.S. Energy Information Administration said on Wednesday. Crude oil stockpiles fell by 6 million barrels…
