Category: Conventional Fuels

July 2, 2020

MAPCO, a convenience-store chain with 344 locations throughout the Southeastern region of the United States, has launched a new mobile app with a catalogue of rewards and the ability to pay directly through the app in an effort to make […]

July 1, 2020

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the […]

June 30, 2020

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after […]

June 30, 2020

Earlier in June, while trying to locate the successor to a longtime employee at Chesapeake Energy on behalf of a client, I asked a friend at another energy company if he knew whom I should contact. “I don’t know,” he […]

June 26, 2020

Following last week’s release of the BP Statistical Review of World Energy 2020, I began to review and analyze the data. Today I take a deeper dive into the numbers on petroleum. Oil accounts for a third of the world’s […]

June 24, 2020

Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer of […]

June 23, 2020

U.S. benchmark West Texas Intermediate (WTI) is over $40 a barrel, a price level it has struggled to surpass in the past. The uptick is the result of investor enthusiasm over the fact that global oil supply is still under […]

June 22, 2020

While global carbon emissions saw a slight increase in 2019, the United States continued its long-term trend of reducing these emissions – at the same time that natural gas production and demand continued to increase – according to BP’s 2020 […]

June 19, 2020

This week, Rystad Energy announced the eye-popping finding that the world’s estimate of oil supplies had suddenly shrunk by 292 billion barrels. Needless to say, the announcement caused eyes to pop, as did the headline’s statement heralding the early onset […]

June 18, 2020

The worst crisis in the history of the global oil industry hit the U.S. oil services sector hard, prompting a wave of cancelled contracts, scrapped investment and bankruptcies. The worst, though, appears to be behind us. It is difficult to […]

June 16, 2020

Oil and gas markets have always been volatile. Prices went up, prices went down — sometimes violently — and when they did, fortunes were made and lost. The industry learned to live with volatility, confident that when the market went […]

June 15, 2020

Energy giant BP announced Monday it had lowered its oil price expectations through to 2050, saying the aftermath of the coronavirus pandemic was likely to accelerate the transition to a lower carbon economy and energy system. The U.K.-headquartered oil and […]

June 15, 2020

Here’s a neat political trick: if you want to introduce a new law, but you know people will hate it, give it a misleading, nice-sounding name. It’s surprising how well this works. Let me explain. The U.S. Environmental Protection Agency […]

June 12, 2020

The crash in oil prices and collapse in drilling (especially in the U.S. shale sector) has caused many observers to warn that insufficient investment will lead to another supply shortfall and price spike. This is certainly possible but fears that […]

June 11, 2020

Two United States Senators, Republican Ted Cruz of Texas and Democrat Jean Shaheen of New Hampshire, introduced legislation last week that would place sanctions on any company attempting to finish laying the pipe needed to complete the last 100 miles […]