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U.S. Manufacturing Output has Flat-Lined, Dampening Diesel Use: John Kemp

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

U.S. manufacturing production has barely increased since before the pandemic, which explains why diesel consumption remains anemic and has not rebounded in line with expectations at the start of the year. Production increased by a faster-than-expected 0.9% in May after seasonal adjustments, but that followed back-to-back declines of 0.4% in April and 0.1% in March, …

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U.S. oil refiners’ Weekly Capacity Seen Down 56,000 Bpd, IIR Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

U.S. oil refiners are expected to have about 153,000 barrels per day (bpd) of capacity offline in the week ending June 21, decreasing available refining capacity by 56,000 bpd, research company IIR Energy said on Friday. Offline capacity is expected to fall to 85,000 bpd in the week ending June 28 and to 79,000 bpd …

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U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions

Conventional Energy, Emission Reduction, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

(Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY …

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U.S. Crude and Fuels Stocks Fell Last Week – EIA Said

Energy Storage, Energy Topics & Technology, Latest, US News / By

U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.5 million barrels in the week ending June 14 to 457.1 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel draw. Stocks at the Cushing, Oklahoma, …

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Environmental Activists Win Landmark Ruling Over UK Oil Well Plan

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil / By

(Reuters) – The UK’s highest court ruled on Thursday that planners must look at the impact of emissions on global warming before granting approval for oil wells, in a landmark case that climate activists said makes it easier to block fossil fuel projects. Environmental campaigners had argued that planning permission to retain and expand an …

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Troubled Electric Vehicle Maker Fisker Files for Bankruptcy

CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

Bloomberg News The EV maker announced weaker-than-expected earnings and plans to cut 15 per cent of its workforce Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. The company listed between US$500 million and US$1 billion of assets, and between US$100 million and US$500 million of …

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U.S. Oil Refiners’ Weekly Capacity Seen Down 21,000 Bpd, IIR Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

U.S. oil refiners are expected to have about 118,000 barrels per day (bpd) of capacity offline in the week ending June 21, decreasing available refining capacity by 21,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 85,000 bpd in the week ending June 28, IIR added. The following …

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Phillips 66 Seeing Tightened Margins Following Trans Mountain Oil Pipeline Start-Up

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Refineries, US News / By

U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May. The $24.84 billion expansion has nearly tripled the flow of crude from landlocked Alberta to Canada’s Pacific coast to 890,000 barrels per day (bpd). “We are still exporting Canadian crude from …

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Canada Oil and Gas Emissions Cap Likely to Curtail Production, Report Says

CDN and International News, Emission Reduction, Energy Topics & Technology, Latest / By

Canada’s proposed oil and gas emissions cap will prompt companies to cut production rather than invest in costly carbon capture and storage (CCS) technology, according to a report by consultancy Deloitte and released by the Alberta government on Tuesday. Prime Minister Justin Trudeau’s Liberal government is developing regulations to force Canada’s highest-polluting sector to cut …

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Oil and Corn Groups Team Up Against Biden’s Tailpipe Emissions Rules

Biofuels, Conventional Energy, Emission Reduction, Energy Topics & Technology, Latest, US News / By

The top U.S. oil and corn industry lobby groups said on Tuesday they were suing the administration of President Joe Biden over its plans to slash planet-warming tailpipe emissions from cars and trucks, arguing the regulations will cause economic harm. The U.S. Environmental Protection Agency this spring finalized new rules for models of semi-trucks, buses …

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