NEWS



Industry Highlights
Aug 3, 2021
Oil declined for a second day as the spread of Covid-19’s delta variant in China threatens to disrupt the recovery in global crude consumption.
Aug 3, 2021
Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc's portfolio of Permian Basin oil fields, people familiar with the matter said.
Aug 3, 2021
Whilst unconfirmed, the attack on the MT Mercer Street oil tanker emulates that of the ongoing Isreal/Iran shadow war, according to Dryad Global's latest Maritime Security Threat Assessment.
Aug 2, 2021
Oil tumbled by the most in two weeks as a fast-spreading delta variant posed a threat to demand and as economic data out of China signaled a slowdown.
Aug 2, 2021
News Corp., the owner of the Wall Street Journal, agreed to acquire Oil Price Information Service for $1.15 billion.
Today in Energy
Aug 4, 2021
Rising U.S. air travel since the beginning of 2021 has contributed to increased demand for kerosene-type jet fuel in the United States. However, increased production of jet fuel has outpaced the higher demand, leading to higher-than-average jet fuel inven…
Aug 3, 2021
Energy intensity—calculated as total energy consumption divided by real gross domestic product (GDP)—is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low of 5.05 thousand British thermal units (Btu) per chained…
Aug 2, 2021
On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting in August 2021. On July 19, after the new OPEC+ agreement was made public, the price of Brent …
Jul 30, 2021
By the end of 2020, the number of producing coal mines in the United States fell to 551 mines, the lowest number since U.S. coal production peaked in 2008. In 2020, 40 coal mines were opened or reactivated, and 151 mines were idled or closed. This overall…
Jul 29, 2021
U.S. production capacity for renewable diesel could increase significantly through 2024, based on several announcements for projects that either are currently under construction or could be in development soon. This growth is driven by higher state and fe…

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