USA Holds Largest Oil Reserves Sale in 7 Years August 24, 2021 The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus. Read more
API Files Lawsuit Against Biden Administration
API Files Lawsuit Against Biden Administration August 17, 2021 The American Petroleum Institute (API) has announced that it, along with 11 other energy industry trade groups, has filed a lawsuit in the U.S. District Court for the Western District of Louisiana challenging the U.S. Department of the Interior’s (DOI’s) indefinite pause on…
Permian Gets Confidence Vote with Infrastructure Plan
Permian Gets Confidence Vote with Infrastructure Plan August 10, 2021 The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. Read more
Devon and Conoco Study $10B Shell Permian Assets
Devon and Conoco Study $10B Shell Permian Assets August 03, 2021 Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Read…
European oil companies changing names and shifting their focus to alternative energy
Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy…
Jet fuel demand projected to soar by 2050 with Asian markets leading the way, EIA says
Energize Weekly, November 13, 2019 Global demand for jet fuel will continue to be the fastest-growing transport fuel through 2050, with the biggest growth coming in China and Southeast Asia, according to the federal Energy Information Administration’s (EIA) International Energy Outlook. The EIA projects that jet fuel consumption will more…
High inventories and high corn prices squeeze ethanol producers’ margins
Energize Weekly, August 14, 2019 High corn prices and high inventories have squeezed operating margins for Midwest ethanol plants to multiyear lows in the first half of 2019, with an average margin of 3.5 cents a gallon, according to the federal Energy Information Administration (EIA). The high prices and inventories…
Oil demand will see a shift with transportation using less and petrochemicals using more, Barclays says
Energize Weekly, May 15, 2019 Global oil demand—under current economic and energy development trends—is projected to peak between 2030 and 2035 and then plateau through 2050, according to a new analysis by the London-based investment bank, Barclays. That peak could come as early as 2025 if more aggressive energy policies…
U.S. expands reach as world’s top export of ethane, shipping to 10 countries in 2018
Energize Weekly, February 13, 2019 The United States—the world’s top exporter of ethane—increased its reach in 2018, sending the gas, a key feedstock in petrochemical manufacturing, to 10 countries, according to federal data. The U.S. surpassed Norway as the top export of ethane in 2015. Ethane is used in a…
