Downstream

European Gas Plunges 20% as Rally Lures Flotilla of U.S. LNG

This post was originally published on this siteDec 23, 2021 (Bloomberg)  European natural gas prices plunged more than 20% on Thursday as this year’s stellar rally attracted a flotilla of U.S. cargoes.At least 10 vessels are heading to Europe, according to ship-tracking data compiled by Bloomberg.Another 20 ships appear to be crossing the Atlantic, but are …

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Energy Supplier Collapses Go Global as Prices Keep Rising

This post was originally published on this siteDec 23, 2021 (Bloomberg) Record-high power and gas prices have crippled energy suppliers worldwide, leaving some running at a loss and causing many to collapse altogether. Energy providers are closing down in the U.K., the Netherlands, Germany, the Czech Republic, Belgium, Finland and Singapore. That’s reducing choice for consumers, …

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Oil Holds Near Four-Week High as Omicron Vies With Inventories

This post was originally published on this site(Bloomberg) Oil held near the highest settlement in four weeks as traders weighed falling U.S. crude stockpiles against the threat to demand from the omicron virus variant. Futures in New York traded below $73 a barrel, though liquidity is dwindling heading into the holiday period. U.S. crude inventories …

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Jet Fuel Joins Oil Recovery at Last as Air Travel Strengthens

This post was originally published on this siteDec 22, 2021 (Bloomberg) The last puzzle piece needed for a complete recovery in oil demand is falling into place with air travel consumption showing the first signs of sustained growth since the pandemic.Implied jet yield at U.S. refineries, or the percentage of crude oil turned into jet fuel, …

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U.S. Authorizes Pemex Purchase of Shell Refinery, AMLO Says

This post was originally published on this siteDec 22, 2021 (Bloomberg) The U.S. government has authorized Petroleos Mexicanos’ bid to take over Royal Dutch Shell Plc’s Deer Park refinery, according to Mexico President Andres Manuel Lopez Obrador.“It’s something historic,” the president, broadly known as AMLO, told reporters Wednesday. Pemex has been awaiting approval from the U.S. …

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Oil Rises to Four-Week High as U.S. Crude Stocks Decline

This post was originally published on this siteDec 22, 2021, (Bloomberg)  Oil steadied as investors weighed mixed demand signals and trading volumes thinned moving into the holiday period.Futures in New York traded just below $72 a barrel after rallying on Tuesday with other financial assets. An energy crunch in Europe and an industry report that pointed to …

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Why Green Stocks Are Slumping During an ESG Boom

This post was originally published on this siteDec 22, 2021 (Bloomberg) Despite a drop in clean-energy stocks and intensifying concerns about widespread greenwashing, the market for investment products sold as being ESG-related had another record year by most yardsticks. Issuance of sustainable loans and bonds, where proceeds are supposedly earmarked for environmental projects or to further a company’s …

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Williston Basin Petroleum Conference 2022: Limited Exhibit Space Available. BOOK TODAY!

This post was originally published on this site  LIMITED EXHIBIT SPACE AVAILABLE. BOOK TODAY! The Williston Basin Petroleum Conference, taking place May 17-18, 2022, in Regina, SK is a showcase of next generation technologies. A limited number of exhibit spaces are available and will be awarded to technology-focused organizations that will gain exposure from senior …

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