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(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The Whiting refinery, the largest in the U.S. Midwest, produces a wide range of liquid fuels, including gasoline, diesel and jet fuel. Reporting by Nicole Jao …
(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with analysts’ …
US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says Read More »
(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision to halt the construction, the Norwegian group said on Wednesday. In a blow to the nascent U.S. offshore wind industry, Interior Secretary Doug Burgum said …
Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown Read More »
Ukraine is ready to sign a natural resources deal with the US, which could bolster Washington’s support for Kyiv by strengthening their economic partnership. The draft agreement, which has been finalized, may be signed as soon as Wednesday and will allow the US privileged access to new investment projects to develop Ukraine’s natural resources. The …
Ukraine Ready to Sign US Resources Deal in a Matter of Hours Read More »
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …
AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz Read More »
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+’s decision to unwind supplies will weigh on oil prices this year, a …
Oil Outlook Dims on Tariff Headwinds, Potential OPEC+ Supply Boost Read More »
Summary Brent, WTI down for a third session, hit lowest in over 2 wks Brent down around 15% so far in April China PMI falls sharply as Trump tariffs bite OPEC+ meeting on May 5, market fears another output hike (Reuters) – Oil prices extended declines on Wednesday and were set for their largest monthly …
Oil Prices Down, Poised for Biggest Monthly Fall Since 2021 Read More »
By Laila Kearney NEW YORK, April 29 (Reuters) – U.S. electric utility Entergy (ETR.N) is looking to expand its nuclear power output by upgrading its existing plants across the U.S. South while it considers advanced nuclear technologies, company executives said on Tuesday. U.S. nuclear power, which is virtually carbon free, has been in high demand …
Electric Utility Entergy Eyes Adding More Nuclear Power in U.S. South Read More »
By Scott Disavino NEW YORK, April 29 (Reuters) – Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by $1.61, or 2.4%, to …
Oil Prices Fall 2% to 2-Week Low as Trade War Concerns Dampen Demand Outlook Read More »
Some power companies have stopped calling the fuel a temporary pathway to renewable energy and are making it central to their long-range plans. By Josh Saul The Gateway Generating Station natural gas-fired power plant in Antioch, California. The fuel’s use is on the rise. Photographer: David Paul Morris/Bloomberg Welcome to our guide to the commodities …
Natural Gas Morphs From Being a ‘Bridge’ to Becoming the Destination Read More »
