Oil and Gas 360 Overproduction, collapsing BO-HO spreads, and saturated D4 RIN markets complicate the near-term outlook, though new policy-driven incentives are set to take effect in 2025 The Road Ahead: Renewable Diesel and SAF A wave of federal incentives and favorable bean oil spreads brought renewable diesel and sustainable aviation fuel (SAF) producers to the table, vying to capture
Oil Price Peak oil demand is not on the horizon, OPEC Secretary General Haitham Al Ghais said on Thursday, blasting the International Energy Agency’s prediction that global oil demand will peak before 2030. Some net-zero scenarios suggest that oil should not be part of a sustainable energy future, Al Ghais wrote in a column for EA Forum. “This narrative was repeated only
BOE Report U.S. oil refineries have been processing petroleum at the fastest rate for the time of year since before the pandemic, but rising fuel inventories have begun to weigh on crack spreads and likely signal a slowdown ahead. Refineries processed 17.5 million barrels per day (b/d) of crude and other feedstocks over the week ending on June 7, the
CNBC Crude oil futures held steady Thursday after the latest round of economic data indicated that inflation is easing in the U.S., potentially opening a path for the Fed to cut interest rates and boost the economy. Wholesale prices unexpectedly fell in May by 0.2% after rising in April, according to Labor Department data released Thursday. The producer price report
Towards Sustainable Mining (TSM) formalizes equal multi-stakeholder governance Canada N…
Natural Gas Inventories as of June 7, 2024 The EIA has released its natural gas inventory report, showing a net increase of 74 Bcf as of June 7, 2024. Working gas in storage was 2,974 Bcf as of Friday, June 7, 2024, according to EIA estimates. This represents a net increase of 74 Bcf from the previous week. Stocks were
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