Oil

Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

By Charles Kennedy – Jun 24, 2022, 11:00 AM CDT Biden puts on Thursday with industry leaders to boost offshore wind capacity. Oil refiners, in the meantime, were summoned to meet with Secretary Granholm. Granholm’s meeting with US refiners didn’t lead to any commitments from either side. US President Joe Biden met on Thursday with …

Biden Snubbed Oil Firms And Met With Offshore Wind Partnership Read More »

The World Is Failing In Both Energy Affordability And Climate Goals

Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy, the International Energy Agency (IEA) said in its new report World Energy Investment 2022. On the face of it, that’s great news for global energy supply and climate goals. But …

The World Is Failing In Both Energy Affordability And Climate Goals Read More »

Gunvor Can Deliver 13 Million Gallons Of Gasoline To US, But There’s Catch

Commodity trading giant Gunvor wants to deliver 13 million gallons of gasoline to the United States, but there’s a catch: they need a Jones Act waiver to do it, Reuters reported on Thursday. Gunvor SA—an independent commodity trader, and a large one at that—has asked the United States for a waiver to the Act, which …

Gunvor Can Deliver 13 Million Gallons Of Gasoline To US, But There’s Catch Read More »

China May No Longer Be A Pillar Of Growth For Global Oil Markets

After a relentless seven-month march, the oil price rally appears to be in danger of collapsing after oil prices pulled sharply from their recent highs. Oil prices have been struggling to reverse last week’s losses as the markets worry about a fall in demand after the Federal Reserve hiked interest rate by three-quarters of a …

China May No Longer Be A Pillar Of Growth For Global Oil Markets Read More »

4 Nations That Could Help Solve The Global Fuel Crisis

Global refining capacity shrank during the pandemic, exposing vulnerabilities in some of the world’s largest fuel consumers. Yet the decline was not evenly distributed. Refining capacity in China, for instance, has grown. Capacity in the Middle East is growing, too. Bloomberg reported recently that Saudi Arabia, Kuwait, Oman, and Iraq were building up refining capacity, …

4 Nations That Could Help Solve The Global Fuel Crisis Read More »