Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
Crude inventories fell by 934,000 bbl to 421 MMbbl in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6-MMbbl-draw.
As the need for clean and lower-carbon power grows, Enbridge is among the companies taking an all-of-the-above approach.
The US president-elect’s support for tariffs raises concerns about a trade war eroding demand, while others welcome an injection of volatility. The oil traders swarming Miami’s South Beach for three days of holiday drinking, dining and schmoozing were mostly male, mostly White and mostly united in the belief that Donald Trump will champion the industry …
Oil Traders Toasting Trump Are Split on What He Means for the Market, Canada and Mexico Read More »
NEW YORK, Dec 17 (Reuters) – A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies. The inclusion would mark a hard-fought victory for the ethanol industry, which has wanted year-round E15 sales …
U.S. Funding Bill Includes Plan to Allow Year-Round E15 Gasoline sales Read More »
(Reuters Breakingviews) – On the face of it, 2025 is shaping up to be a stinker for renewable energy. The planet seems ever further from restricting global warming to a manageable 1.5 degrees Celsius level, and the election of Donald Trump as U.S. president means that the world’s biggest economy will visibly retreat from the …
2025 May Be Painful for Renewable Energy But Some Opportunities Exist Read More »
Summary Guards get around half of Iran’s oil export revenue, sources say China remains top buyer of Iranian oil, including from IRGC Oil trading network set up by late Quds Force boss Qassem Soleimani (Reuters) – Iran’s Revolutionary Guards have tightened their grip on the country’s oil industry and control up to half the exports …
Iran’s Revolutionary Guards Extend Control Over Tehran’s Oil Exports Read More »
(Reuters) – OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group’s efforts to support prices. OPEC+ pumps about half of the world’s oil and earlier …
OPEC+ Wary of Renewed U.S. Oil Output Rise Under Trump Read More »
Turbomachinery, like any other industrial equipment, starts to degrade with age. Spare parts, expertise, and support become harder to find and come at a high price. Declining performance leads to problems with reliability, resulting in downtime and unplanned outages, inefficiencies, potential safety risks, and of course increased costs and reduced revenues. Companies are then faced …
Rotating Equipment Upgrades: Giving Existing Assets a Second Life Read More »
Artificial intelligence (AI) seems to be permeating everything we do, from the innocuous to the incomprehensibly complex. It’s hard to find an industry that hasn’t identified, and started implementing, ways to supercharge operations and strategy using AI. In the energy industry, AI is beginning to revolutionize software, hardware, and system integration encompassing downstream, midstream, upstream oil and gas among …
The Role of Artificial Intelligence in Energy Exploration Read More »
