Joseph
Markman
Hart Energy
US Crude, Fuel Stockpiles Rise as Oil Production Returns
The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.
Largest US Fuel Pipeline Shuts as Power Outages from Nicholas Rise
Power outages in the Houston area caused Colonial to pre-emptively shut down its main gasoline and distillate fuel lines, the company said in a notice to shippers after Nicholas made landfall.
Natural Gas Demand Projected to Surpass Oil by 2032
Coal demand will fall 62% by 2050 but the energy transition is moving too slowly to achieve the goal of slowing global warming sufficiently, DNV forecasts.
Already Tight US East Coast Gasoline Supplies Face Hurricane Squeeze
The East Coast has been drawing down inventories all summer after demand for products in Europe began to rise, limiting imports.
Hurricane Ida Cuts Deep into US Oil Production, Gasoline Supplies
Ida made landfall on Aug. 29 near Port Fourchon, the land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the U.S.
Bouncing Back From Losses, Japan's Refiners Face Pandemic Stress Again
Japan's top health adviser has requested for stricter COVID-19 curbs to control the contagion, which he said should be treated as a natural disaster.
US Refining Capacity Shrinks as Pandemic Shuts Plants
The largest crude oil refiner in the U.S., Marathon Petroleum, shut three refineries while energy major Royal Dutch Shell and independent refiner HollyFrontier each shut one in 2020.
Mexico’s Pemex Buys Out Partner of Deer Park Refinery in Texas
Operated by Shell, the Deer Park complex in Texas includes a petrochemical complex and it also refines crude from Africa, South America and the United States.
Texas Oil Refiners Will Take Weeks to Recover From Winter Storm
The refinery shutdowns will depress prices for U.S. crude oil and widen the spread between U.S. and Brent crude, Paul Sankey of independent energy researcher Sankey Research said.
PTT Seeks Partner for Appalachia Ethane Cracker in Ohio
The team said it was also in the process of meeting with members of President Joe Biden’s administration to brief them on the benefits of the proposed petrochemical plant in Ohio that will turn ethane into plastics.