(Bloomberg) — The future of China’s vast oil-refining industry may hinge on what government investigators find in the small seaside city of Panjin. This little-known energy hub about 300 miles east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the private sector
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(Bloomberg) — The U.S. oil market is reaching a crunch point. Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global oil consumption. But despite a steady ramp up in demand in recent months, wildcatters in West Texas aren’t firing up rigs like they
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OPEC+ gave the oil industry a lifeline when it needed it most. That’s according to OPEC Secretary General Mohammad Sanusi Barkindo, who expressed the view at the ninth technical meeting of the OPEC and non-OPEC countries participating in the declaration of cooperation (DoC). “Our joint efforts in rebalancing the market through voluntary production adjustments continue
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The U.S. National Hurricane Center is issuing advisories on Potential Tropical Cyclone Three, which is located over the southwestern Gulf of Mexico. As of 4am CDT on Friday June 18, Potential Tropical Cyclone Three’s maximum sustained winds were 30 knots/35 mph, according to the center, which noted that the potential cyclone’s formation chance through 48
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Logan Energy has announced plans to create up to 100 skilled new roles in Scotland as part of a strategic partnership with clean fuel specialist Element 2. The company outlined that the initial three year partnership will see it design, manufacture, and maintain hydrogen refueling stations on sites developed by Element 2, which plans to
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(Bloomberg) — The Biden administration is developing targets for biofuel that are likely to be relatively flat or even lower as it seeks to balance the interests of blue-collar refining workers and advance a clean-energy agenda. The Environmental Protection Agency is set to propose renewable fuel requirements within weeks, according to several people familiar with
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