November 2016

US crude inventories fall unexpectedly, big distillate build

News

US crude inventories down 884,000 barrels By David Gaffen Nov 30 (Reuters) – US crude inventories fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration’s data showed on Wednesday. Crude inventories fell 884,000 barrels in the week to Nov. 25, compared with analysts’ expectations for an increase of 636,000 barrels. That came despite […]

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Obama moves to lock in fuel efficiency standards

News

Automakers critical of Obama administration’s fuel efficiency standards By David Shepardson WASHINGTON, Nov 30 (Reuters) – The U.S. Environmental Protection Agency on Wednesday said it will push to lock in fuel efficiency standards central to outgoing President Barack Obama’s climate policy before the Trump administration takes over in January. Automakers had appealed to President-elect Donald Trump,

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OPEC output cut: First joint oil cut with Russia since 2001, Saudis take “big hit”

News

OPEC output cut will help clear supply overhang  By Rania El Gamal, Alex Lawler and Ahmad Ghaddar VIENNA, Dec 1 (Reuters) – OPEC has agreed its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output, pushing up crude prices by around

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Environmental think tank: With pro-gas policies, US can “Outperform” Paris emission targets

Uncategorized

Breakthrough Institute found natural gas prevented 17x more CO2 emissions than wind, solar, geothermal combined By Seth Whitehead, EnergyInDepth Many environmentalists have bemoaned the election results as nothing short of a “nightmare” for international efforts to address climate change. But a new report by researchers that Time Magazine has called “heroes of the environment” illustrates why

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Trans Mountain pipeline close to meeting British Columbia conditions

Canada

Premier Clark says three of five Trans Mountain conditions met VANCOUVER, Nov 30 (Reuters) – The Canadian government is close to meeting conditions British Columbia has laid out for provincial support of Kinder Morgan Inc’s proposal to expand its Trans Mountain pipeline, the province’s premier Christy Clark said on Wednesday. Clark said Ottawa had met

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Tighter marine fuel sulfur limits will spark changes by refiners, vessel operators

News

Infrastructure to support the use of LNG as a shipping fuel is currently limited in both scale and availability The sulfur content of transportation fuels has been declining for many years as a result of increasingly stringent regulations, according to the US Energy Information Administration. In the United States, federal and state regulations limit the

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