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EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2020 In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After...

Asia Distillates-Jet fuel cash premiums rise, cracks hover near multi-month low

Asia's cash premiums for jet fuel rose on Friday, due to a slight uptick in buying interest for physical cargoes, while refining margins for the aviation fuel lingered close to their lowest levels in...

Book review: ‘IMO 2020: A Regulatory Tsunami’

Judging a book by its cover, Pablo Rodas-Martini’s “IMO 2020: A Regulatory Tsunami” appears to be about the Jan. 1 rule mandating the game-changing global switch to low-sulfur marine fuel. It’s actually about something...

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp...

Oil held in check as Chinese economy offsets trade optimism

Oil prices edged higher on Friday but were little changed on the week as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the...

Offshore investment to bolster middle east oil and gas supply ambition

The most bountiful petroleum plays in the Middle East may no longer be storied gushers from the past but more technical offshore areas. The most recent hydrocarbon production boom is underway in the Middle...

Royal Dutch Shell signs MoU with China’s CNOOC to build 260,000 T polycarbonate plant

Royal Dutch Shell signed a memorandum of understanding (MoU) with China National Offshore Oil Corp (CNOOC) to build its first commercial-scale polycarbonate production plant in the southern Chinese city of Huizhou. Polycarbonate is a transparent...

Spike in tensions but no oil market shock, says IEA

The brief spike in Middle East tensions as the US and Iran faced off has served as a reminder of the havoc disruptions in supply from the key oil-producing region could wreak on the...

Japan’s Shikoku Electric says to delay nuclear reactor restart after court order

Japanese utility Shikoku Electric Power Co said on Friday it had been ordered by a Hiroshima court to suspend operations of its only operable nuclear reactor, the No.3 unit at its Ikata plant in...

Defying U.S. sanctions, Iran boosts gasoil sales to neighbors

Iran is relying on its neighboring countries to sell a surplus of gasoil it has created at home due to U.S. sanctions, trade documents and industry data showed. Iranian oil products, like its crude, fall...