Summary • VLCC rates for Mideast to China up 39% since Friday • Shipping costs for Russian ESPO Blend to China more than double – S&P Global • Fleet tightness could worsen if shadow fleet seeks new vessels – Kpler (Reuters) – Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, …
Oil Shipping Rates Surge After U.S. Sanctions Hit Availability Read More »
Authors: Devin Lacey, Yuchen Wang Lithium has become a foundational element in the advancement of electrification solutions, powering innovations in electric vehicles (EVs), energy storage systems, and advanced electronics. While its role in electrification and renewable energy deployment is indispensable, the lithium market remains highly volatile, driven by shifting supply-demand dynamics and changing policies. To …
GLJ’s Lithium Price Forecast: Insights for a Dynamic Market Read More »
Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today announced Laura Lane will become vice president and Chief Corporate Affairs Officer, effective February 1. Lane will oversee the company’s government affairs, communications, and social investment activities. Lane will be based in Houston and succeed Al Williams, who is retiring in April after 34 years at the company. “Laura’s background …
OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) — Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team. The company promoted John Raines to the position of Senior Vice President, E&P Asset Management and Trey Lowe to the position of Senior Vice President and Chief Technology Officer. “Both John and Trey …
Devon Energy Announces Updates to Executive Leadership Team Read More »
Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines.
USA BioEnergy subsidiary Texas Renewable Fuels plans to annually convert 1 million tons of forest thinnings into 65 million gallons of net-zero transportation fuel, including SAF and renewable naphtha.
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Atlas Energy Solutions’ 42-mile Dune Express fully electric conveyor system delivered its first commercial load of proppant sand from Texas to New Mexico on Jan. 12.
U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year’s first to finance an acquisition.
