Wednesday, June 17, 2026
Bulls on China's Highways - Oil & Gas 360

Long Bets on Oil Increase as Summer Approaches

Refinery utilization hits 90.8%, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase the number of long bets on oil. Utilization is expected to increase further during the summer months which should help to draw down growing crude oil stocks. Stronger seasonal demand in

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

FERC Releases EIS for PennEast Pipeline Project

EIS concludes PennEast can be built with minimal environmental impact FERC has released the final Environmental Impact Statement for the PennEast Pipeline Project, paving the way for federal approval of the 120-mile natural gas pipeline. The PennEast pipeline will transport natural gas from the Marcellus in northeastern Pennsylvania to New Jersey. The route begins east of Scranton, Pennsylvania and ends just