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Tag: oil


Energy, Industry Focus Areas

Hilcorp, Exxon and Conoco Top Greenhouse Gas Emitters

July 14, 2022

Via: The Wall Street Journal

Hilcorp Energy Co., Exxon Mobil Corp., Conoco COP -5.27%▼Phillips and Occidental Petroleum Corp. OXY -3.40%▼ are the U.S. oil-and-gas industry’s top emitters of planet-warming greenhouse gases, according to a new report based on federal data. The four companies are also […]


Energy, Industry Focus Areas

Biden Crude Oil Release Moves Into Second Round

December 17, 2021

Via: Transport Topics

The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year. The Department of Energy is selling 18 million barrels […]


Energy, Industry Focus Areas

Gas Shortage Forces Power Plants to Switch to Oil, Boosting Demand

October 14, 2021

Via: The Wall Street Journal

Soaring natural-gas and coal prices are pressuring power-generation companies and manufacturers to switch to using oil, a trend that could add half a million barrels a day to global demand, the International Energy Agency said Thursday. In its monthly market […]


Energy, Industry Focus Areas

Diesel Stockpiles at 20-Year Low as Winter Nears

October 7, 2021

Via: Transport Topics

U.S. inventories of distillates — used as diesel for both transportation and heating oil — are enough to meet just 31.2 days of demand, according to the Energy Information Administration. That’s the tightest it has been for this time of […]


Energy, Industry Focus Areas

Chevron CEO Warns of High Energy Prices, Supply Crunches

September 16, 2021

Via: Transport Topics

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There are things that are interfering with market signals right now […]


Energy, Industry Focus Areas

No Hurricane Has Hit US Energy Markets Like Ida Has

September 8, 2021

Via: Transport Topics

Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina. More than a week after the Category […]


Energy, Industry Focus Areas

Saudi-Owned Motiva Suspends $6.6 Billion Petrochemical Expansion

July 19, 2021

Via: The Wall Street Journal

Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter. The decision to halt the project—which had envisioned the creation of the […]


Energy, Industry Focus Areas

Oil Wavers With Talks Resuming on Potentially Reviving Iran Deal

May 25, 2021

Via: Transport Topics

Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand. West Texas Intermediate edged higher after switching between gains and losses in a roughly $1-a-barrel trading range. Talks between […]


Energy, Industry Focus Areas

Oil Climbs With US Demand Bump Driving Global Rebound Optimism

April 28, 2021

Via: Transport Topics

Oil advanced to the highest intraday level in more than a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption. Futures jumped as much as 2.2% […]


Energy, Industry Focus Areas, Regulations

Biden to SuspendNew Federal Oil and Gas Leasing

January 26, 2021

Via: The Wall Street Journal

President Biden is planning on Wednesday to halt new oil and gas leasing on federal territory, people familiar with the matter said, setting up a confrontation with the oil industry over the future of U.S. energy. The Biden administration has […]


Energy, Industry Focus Areas

Exxon Announces New Emissions Targets After Investor Criticism

December 14, 2020

Via: Transport Topics

ExxonMobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record. Exxon […]


Energy, Industry Focus Areas

Oil Slips From Nine-Month High With Markets in Risk-Off Mode

December 7, 2020

Via: Transport Topics

Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 0.9% in New York, with the dollar rising and European equities and U.S. stock futures declining. Oil rallied last […]


Energy, Industry Focus Areas

Ten U.S. refineries emitted excessive cancer-causing benzene in 2019: report

February 6, 2020

Via: Reuters

The study is based on the first full year of data reported by U.S. refineries since a U.S. Environmental Protection Agency rule was implemented in 2018. The rule requires continuous monitoring of air pollutants around plants to protect nearby communities, […]


Energy, Industry Focus Areas

Florida agrees to buy swath of Everglades to protect it from oil drilling

January 16, 2020

Via: Reuters

(Reuters) – The state of Florida has reached a deal with a private real estate firm to buy a large swath of environmentally sensitive wetlands in the heart of the Everglades to spare the tract from oil drilling, the governor […]


Energy, Industry Focus Areas

Green groups sue Trump administration over California drilling plan

October 30, 2019

Via: Reuters

Two environmental groups sued the Trump administration on Wednesday over its plan to open up more than 720,000 acres (291,370 hectares) of federal land in California for oil and gas development. The lawsuit filed by the Sierra Club and the […]


Energy, Industry Focus Areas, Regulations

Oil vs Corn: U.S. lawmakers set hearing on fractious biofuels policy

October 29, 2019

Via: Reuters

The hearing set by the Energy and Commerce Committee will air out the grievances of two key political constituencies heading into next year’s election at a time President Donald Trump has been working hard to win them over. Trump’s Environmental […]


Energy, Industry Focus Areas

Houston oil artery reopens after police remove final Greenpeace protesters

September 13, 2019

Via: Reuters

HOUSTON (Reuters) – The Houston Ship Channel on Friday reopened for vessel traffic, the U.S. Coast Guard said, after the last of 11 protesters who had disrupted traffic by dangling on ropes above the key energy-export waterway was removed by […]


Energy, Industry Focus Areas

Oil spill clean-up at Equinor’s Bahamas terminal underway after Dorian damage

September 12, 2019

Via: Reuters

OSLO (Reuters) – Norway’s Equinor (EQNR.OL) has begun cleaning up an onshore oil spill at its South Riding Point terminal in the Bahamas, which was damaged by Hurricane Dorian, and said on Thursday it will step up the operation in […]


Energy, Industry Focus Areas, Regulations

Trump promises ‘giant package’ related to ethanol to please farmers

August 29, 2019

Via: Reuters

WASHINGTON (Reuters) – President Donald Trump said on Thursday his administration is planning a “giant package” related to ethanol that would please U.S. farmers angry over the government’s expanded approval of waivers freeing oil refiners from obligations to use the […]


Energy, Industry Focus Areas

US Sees Oil Production Continuing to Grow Despite Lower Prices

December 12, 2018

Via: Industry Week

The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate. Oil producers will pump an average 12.06 million barrels a day next year, up […]