Post Tagged with: "gasoline"

Source: Reuters

Rise of remote working is ‘biggest threat to oil demand,’ says analyst

CNBC


Working from home has become the norm, and if the trend continues even after the pandemic abates, it could pose a big risk for oil, analysts are warning.

“The biggest threat to oil demand is the rise of remote …

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters


U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell …

Courtesy of Chesapeake

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

From Reuters


Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Brent crude LCOc1 …

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

From Reuters


Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a …

Oil Deepens Slide on Recession Fears, China’s Trade Threats

Oil Deepens Slide on Recession Fears, China’s Trade Threats

From Reuters


Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

In a sign of investor concern that the world’s biggest economy …

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

From Reuters


Oil prices shed 3% on Wednesday after fresh Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.

Brent crude LCOc1 settled at $59.48 a barrel, …

Source: Electrify America

Volkswagen Subsidiary Invests $2 Billion So You Can Charge Your Tesla at Walmart

Plan for a country-wide network of charging stations is underway
It’s one of the biggest roadblocks surrounding the widespread adaptation of electric vehicles (EVs); what happens when the battery is depleted?

Walmart, in partnership with Electrify America, a wholly owned

Holiday Weekend Road Trip:  Gasoline Prices Mirror Last Year

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year

EIA expects retail gasoline prices to rise over the coming months
As of this Memorial Day Weekend, the national average price for regular gasoline is hovering around $2.85 per gallon, just slightly below last year’s average price of $2.92.

The

Muscle Cars for the Next 100 Years: Purdue University Chemical Engineers Look to Convert Nation’s Natural Gas into Gasoline and Diesel Fuel—in Two Steps

Muscle Cars for the Next 100 Years: Purdue University Chemical Engineers Look to Convert Nation’s Natural Gas into Gasoline and Diesel Fuel—in Two Steps

Molecular weight drives a series of solutions that may provide keys to driving down production costs and harvesting a century’s worth of natural gas 

From Purdue University School of Chemical Engineering

WEST LAFAYETTE, Ind. – It is a figure that …

April 11, 2019 - 7:29 am Closing Bell Story‎, Energy News, Transportation
U.S. on Track for Most Miles Traveled with 2017 Driving Season Underway

U.S. on Track for Most Miles Traveled with 2017 Driving Season Underway

Drivers traveled approximately 272 million miles in March, the most on record for the month – represents about 13 million gallons of gasoline consumed by vehicles on U.S. highways in March

The Fourth of July traditionally marks the beginning of …

Will Ohio’s New Clean Filling Station Model Draw Millennial Drivers to the Highways?

Will Ohio’s New Clean Filling Station Model Draw Millennial Drivers to the Highways?

Unmanned, app-friendly filling stations could expand Millennial interest in CNG fueled cars, pickups

 

Will Ohio’s New “Filling Station” Model Draw Millennial Drivers to the Highways?It’s been a while since the familiar Esso filling stations dotted the U.S. highways. But if you were a kid in the ‘50s and ‘60s, that …

More Volatility: Oil Price Falls as U.S. Petroleum Stocks Rise

More Volatility: Oil Price Falls as U.S. Petroleum Stocks Rise

Largest Weekly Build in Crude Stocks since April

WTI oil price fell this morning after EIA reported that crude oil stocks has increased by 2.5 million barrels, the largest weekly build in crude stocks since April 29, 2016.

The build …

August 24, 2016 - 5:44 pm Analytics, Closing Bell Story‎, Oil and Gas 360 Articles
Obama Directs $4.5 Billion in U.S. Government Loan Guarantees to Speed the Adoption of Electric Vehicles

Obama Directs $4.5 Billion in U.S. Government Loan Guarantees to Speed the Adoption of Electric Vehicles

With less than six months remaining in his stay at the White House, President Obama has come out with a program to use the U.S. taxpayers’ money to guarantee loans for parties who are working to accelerate the adoption of …

Oil Price Falls Hard on Inventory Report

Oil Price Falls Hard on Inventory Report

Oil started the day on a slight upswing, but following today’s Petroleum Weekly Status Report issued by the EIA, the price began to plummet, ending the day down 4.76%. Initial reports coming last night from the American Petroleum institute (API) …

Rising Gasoline Demand Sparks Increased Oil Prices

Rising Gasoline Demand Sparks Increased Oil Prices

Stronger economic data helps lift oil prices

Oil prices are on track for the first weekly gain in a month today with both WTI and Brent crude prices up on Friday. U.S. Department of Energy numbers this week showed another …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Gasoline Consumption Remains Low Despite 4% Higher Travel

Increased vehicle fuel efficiencies keeping gasoline consumption low despite increased U.S. mileage

Travel by vehicle is up almost 4% from its previous peak in 2007 in the U.S., but motor gasoline consumption remains below previous highs due to increased fuel …

February 23, 2016 - 4:50 pm Closing Bell Story‎, Oil and Gas 360 Articles
The Next Decade’s Oil Demand Growth Story:  U.S. and India Overtake China

The Next Decade’s Oil Demand Growth Story: U.S. and India Overtake China

The U.S. and India will drive oil demand growth in the future – Raymond James

China’s economy has been a demand-growth powerhouse over the course of the last decade as the country’s industrial sector boomed, but China’s role in global …

California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

california-gas-importsSupply from India, Russia and the UK Heading to the West Coast

Gasoline prices in California has historically been among the highest in the United States, and the drop in supply after a refinery shutdown earlier this year is not …

October 13, 2015 - 6:12 pm Commodity Pricing, Downstream, Oil and Gas 360 Articles
California Drops 50% Oil Cut from Senate Bill

California Drops 50% Oil Cut from Senate Bill

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350

The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have …

U.S. Loosens Crude Oil Export Ban

U.S. Loosens Crude Oil Export Ban

Crude oil swap with Mexico approved

The United States will start to export light crude oil to Mexico as part of a crude oil swap, leading the U.S. another step closer to lifting the ban on exporting crude oil. The …

Oil Prices Fall Below $44 as Rigs Continue Climb

Oil Prices Fall Below $44 as Rigs Continue Climb

Oil rig counts climb for third straight week

The total number of rigs actively drilling in the United States rose by ten this week, reaching 884, according to the latest rig count from Baker Hughes (ticker: BHI). The number of …

Source: XOM

Refinery Inputs Reach Record-High 17 Million Barrels per Day

The rolling four-week average of refinery inputs exceed the five-year average every week this year

Gross inputs to U.S. refineries exceed 17 million barrels per day (MMBOPD) in each of the past four weeks, the highest level of refinery inputs

August 7, 2015 - 11:37 am Downstream, Oil and Gas 360 Articles
Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Domestic Gasoline Demand Up 7.1% from Last Year

U.S. weekly crude oil output at 9.6 MMBOPD

Demand for automotive-grade gasoline (mogas) increased to 9.17 MMBOPD, a year-over-year increase of 7.1%, according to a note from Global Hunter Securities using data from the Energy Information Administration (EIA). Based on …

July 9, 2015 - 5:15 pm Oil and Gas 360 Articles
Refining Margins at Several Year Highs

Refining Margins at Several Year Highs

Lower crude prices and higher demand for gasoline driving higher margins

Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), …

May 20, 2015 - 1:02 pm Downstream, Oil and Gas 360 Articles
Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Gasoline Demand Set to Grow at Fastest Rate in the Last 40 years

Raymond James this morning predicted that gasoline demand could skyrocket as prices remain low

A note published by Raymond James Equity Research this morning suggests that U.S. gasoline demand could grow up to 3%, or about 300 MBOPD, in 2015. …

January 20, 2015 - 5:15 pm Oil and Gas 360 Articles
Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to …

Gas Prices in 2014

Chart of the Week: 2014 Measured by Gasoline Prices

Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …

December 30, 2014 - 6:47 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles