U.S. Vitol loses Pemex and Petroecuador as clients over bribery scandal
The U.S unit of Vitol, one of the largest independent oil traders, has lost Mexican state oil company Petroleos Mexicanos (Pemex) and Ecuador’s Petroecuador, after...
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Oil value surges above $50 for the first time since historic crash
For the first time since the historic crash of oil prices in April, they have rose above the $50 dollar per barrel mark. This Thursday...
Delaware River Partners secure permission for its LNG terminal in NJ
Delaware River Partners, subsidiary company of New Fortress Energy, has secured permission from the Delaware River Basin Commission (DRBC) for the construction of an LNG...
Canadian cluster partners up to build new biofuels plant in Quebec
A cluster of refiners have partnered up in Canada to build a first-in-class biofuels plant. The cluster includes Suncor, Shell and Enerkem. The plant will...
Renewable diesel “eats out” petroleum refining; dropped to lowest since 2016
Renewable diesel is “eating out” the U.S. petroleum refining capacity, as many refiners are closing down their facilities to convert them to renewable diesel production...
Wind farm in Montana wins court case against state’s PSC
Caithness Energy wind farm won this Wednesday a court case against Montana’s Public Service Commission over a price dispute of the energy the company would...
DOJ opposes refiners’ petition for a review of biofuels case
The Department of Justice (DOJ) has issued a filing document in which stands against refiners petition for a review on the Tenth Circuit Court’s ruling...
Covid-19 drops U.S. carbon emissions 11% in 2020: EIA
The covid-19 pandemic, as it affected energy consumption, prompted an 11% drop in U.S. carbon dioxide emissions in 2020, compared to last year, the Energy...
U.S. oil stocks rise sharply as demand plunges
The U.S. oil stocks raised sharply this week, especially crude oil inventories jumped more than 15 million barrels, the Energy Information Administration informed. Crude inventories...
Oil prices climb as dollar weakens and vaccination starts on Britain
Oil prices climbed back to nearly the $50 per barrel mark, as the news about the massive vaccination process in Britain lifted investors’ hopes for...