Valero Books $1.1 bln Impairment Hit, May Idle Benicia Refinery
(Reuters) – Valero said it has recorded a $1.1 billion pre-tax impairment related to its California refineries and notified state regulators of its intent to idle, restructure, or cease operations…
Dozens of Employees Leaving US EIA, Putting Crucial Energy Data at Risk, Sources Say
(Reuters) – The U.S. government’s energy statistics arm is set to lose dozens of employees after the Trump administration’s latest round of resignation offers, putting at risk some of the…
US Fuel Exports to Mexico by Land Halted by Higher Scrutiny, Sources Say
(Reuters) – The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals, three sources familiar with the matter said…
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall – EIA
(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million…
US Army Corps Grants Emergency Status for Enbridge Line 5 Tunnel
(Reuters) – The U.S. Army Corps of Engineers on Wednesday granted Enbridge’s proposed tunnel for its Line 5 pipeline national energy emergency status, fast-tracking a key federal permitting process. President…
Oil Jumps 1% on Speculation Over Potential for US-China Talks
Summary • Global trade tensions and uncertainty dominate sentiment• Chinese quarterly GDP growth beats expectations (Reuters) – Oil prices rose 1% on Wednesday, reversing early losses as the market took…
Trump’s Energy Secretary Says Fear Over Oil Prices Misplaced
US Energy Secretary Chris Wright believes the oil market selloff is overblown and expects American crude producers to keep increasing production. Wright thinks the long-term growth trajectory for oil demand…
US Natgas Output and Demand to Peak in 2032, EIA Says
By Output to peak at 119.0 bcfd in 2032 vs 103.6 bcfd record high in 2023 Demand to peak at 92.4 bcfd in 2032 vs 90.5 bcfd record in 2024…
US Crude Oil Output to Peak by 2027, EIA Projects
By Forecast shows US shale oil boom fading after 20 years US oil output to peak at 14 million bpd in 2027, EIA says Production to fall rapidly from 2030…
Environmental Groups Lose Court Challenge to Alaska LNG Exports
(Reuters) – A federal appeals court on Tuesday rejected a challenge by environmental groups to a decision by Democratic former President Joe Biden’s administration approving exports from a planned $39…
