• Rising gasoline imports into the East Coast contribute to rising gasoline inventories (6/28/2023)

    Updated: 2023-06-30 20:42:00
    . Skip to sub-navigation U.S . Energy Information Administration EIA Independent Statistics and Analysis Search Menu Sources Uses Topics Geography Tools Learn About Energy News Sources Uses Topics Geography Tools Learn About Energy News Petroleum Other Liquids Crude oil , gasoline , heating oil , diesel , propane , and other liquids including biofuels and natural gas . liquids This Week in Petroleum Weekly Petroleum Status Report Natural Gas Exploration and reserves , storage , imports and exports , production , prices , . sales Weekly Natural Gas Storage Report Natural Gas Weekly Update Electricity Sales , revenue and prices , power plants , fuel use , stocks , generation , trade , demand emissions . Electric Power Monthly Electricity Data Browser Consumption Efficiency Energy use in

  • An oil-trading hedge fund just got slammed with a 51% loss amid this year's slump in energy prices

    Updated: 2023-06-30 17:04:44
    Pierre Andurand gave a bullish outlook for oil prices earlier this year, arguing that the energy commodity could surge to $140 per barrel.

  • China is hiding $3 trillion of foreign currency in 'shadow reserves,' adding unknown risks to the global economy, former Treasury official says

    Updated: 2023-06-30 16:13:21
    "Not everything that China does in the market now shows up in the PBoC's balance sheet."

  • Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

    Updated: 2023-06-30 15:38:37
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  • Warren Buffett's Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company

    Updated: 2023-06-30 14:45:10
    Warren Buffett's conglomerate now owns over 25% of Occidental Petroleum, with 224 million shares worth $13 billion.

  • Jeremy Hunt to ask UK regulators to investigate firms exploiting price rises

    Updated: 2023-06-26 06:50:33
    Skip to main content Skip to navigation Print subscriptions Sign in Search jobs Search UK edition UK edition US edition Australia edition International edition The Guardian Back to home News Opinion Sport Culture Lifestyle Show More Show More News View all News UK news World news Climate crisis Newsletters Football Coronavirus Business Environment UK politics Education Society Science Tech Global development Obituaries Opinion View all Opinion The Guardian view Columnists Cartoons Opinion videos Letters Sport View all Sport Football Cricket Rugby union Tennis Cycling F1 Golf Boxing Rugby league Racing US sports Culture View all Culture Film Music TV radio Books Art design Stage Games Classical Lifestyle View all Lifestyle Fashion Food Recipes Travel Health fitness Women Men Love sex Beauty

  • Public company oil and natural gas proved reserves declined in 2022 after some companies left Russia (6/22/2023)

    Updated: 2023-06-22 23:30:43
    Oil and natural gas proved reserves held by 187 publicly traded exploration and production (E&P) companies declined by 5.6 billion barrels of oil equivalent (BOE) in 2022 following Russia’s full-scale invasion of Ukraine, according to the companies’ annual financial reports (Figure 1). While proved reserve additions for the companies were close to the 10-year (2012-2021) average, some large oil companies, including bp and TotalEnergies, divested from Russia. Those divestments, categorized as sales in the data, resulted in decreased proved reserves for these E&P companies. Total exploration and development (E&D) costs incurred by the companies increased by 10% in 2022 from 2021, remaining 22% below the pre-pandemic five-year (2015–19) average. ...

  • Sunday A. Adole: Agent of Change In The Present Time of Peak Oil

    Updated: 2023-06-15 15:52:08
    Give us fuel, give us fire, and give us the profits that we desire. The world has reached the peak of oil production or will very soon. The exact years of peak oil production have been predicted before. Each prediction has turned out to be wrong, but the latest predictions say that if we have… The post Sunday A. Adole: Agent of Change In The Present Time of Peak Oil appeared first on Peak Oil.

  • Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast (6/14/2023)

    Updated: 2023-06-14 20:25:37
    Consumption of distillate fuel oil in the U.S. West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its decline this year. The primary cause for the decline is the replacing of petroleum diesel with biofuels, namely renewable diesel, which has gained a larger market share of the region’s diesel pool as clean-fuel programs incentivize biofuels. ...

  • U.S. distillate crack spreads return to February 2022 levels for the first time since Russia's full-scale invasion of Ukraine (6/7/2023)

    Updated: 2023-06-07 23:44:20
    . Skip to sub-navigation U.S . Energy Information Administration EIA Independent Statistics and Analysis Search Menu Sources Uses Topics Geography Tools Learn About Energy News Sources Uses Topics Geography Tools Learn About Energy News Petroleum Other Liquids Crude oil , gasoline , heating oil , diesel , propane , and other liquids including biofuels and natural gas . liquids This Week in Petroleum Weekly Petroleum Status Report Natural Gas Exploration and reserves , storage , imports and exports , production , prices , . sales Weekly Natural Gas Storage Report Natural Gas Weekly Update Electricity Sales , revenue and prices , power plants , fuel use , stocks , generation , trade , demand emissions . Electric Power Monthly Electricity Data Browser Consumption Efficiency Energy use in

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