US Refiners to Face Tighter Heavy Spreads this Summer TPH
Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
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Oil Bulls Lack Conviction About Sustainability of Higher Prices
By John Kemp LONDON, April 22 (Reuters) – Investors boosted their exposure to Brent as the conflict between Iran and Israel escalated but there was selling across the rest of the petroleum complex amid doubts about the sustainability of higher prices. Hedge funds and other money managers sold the equivalent of 23 million barrels in the …
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Romito: Net Zero’s Costly Consequences, and Industry’s ‘Silver Bullet’
Decarbonization is generally considered a reasonable goal when presented within the context of a trend, as opposed to a regulatory absolute.
What’s Affecting Oil Prices This Week? (April 22, 2024)
Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Technip Energies Wins Marsa LNG Contract from TotalEnergies
Technip Energies contract will cover the EPC of a natural gas liquefaction train for TotalEnergies.
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
Energy Transfer Announces Cash Distribution on Series I Units
Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.
Exclusive: ‘Regulatory Tsunami’ a Top Priority for American Producers, Says AXPC’s Bradbury
Regulatory considerations have significant implications for how oil and gas companies evaluate risk, and it’s a top priority for American energy producers right now, said American Exploration & Production Council CEO Anne Bradbury at CERAWeek by S&P Global.
COMMENTARY: Biden’s EV Mandate: A Dictatorial Attack on the American Driver and the US Grid – Alex Epstein
The de facto EV mandate will force Americans to drive inferior cars and place massive new demand for reliable electricity on a grid that is declining in reliable electricity supply. By Alex Epstein Biden’s de facto mandate of over 50% EVs by 2032 is a dictatorial attack on the American driver and the US grid …