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Petrochemicals
Oil Jumps 4% as US Gasoline Prices Hit Record High, Stock Markets Soar
WTI was on track for its highest close since March 25 and its third weekly rise. Brent, however, remained set for its first weekly decline in three weeks.
May 13, 2022
Legislation
Canada in Talks With Heavy Emitters to Cement Future Carbon Price Hikes
Some sands producers say lack of pricing certainty has held them back from making significant investments in emission reduction projects like carbon capture and storage.
May 13, 2022
Crude Oil
IEA May Release More Oil If Needed, Says Fatih Birol
IEA Executive Director Fatih Birol also said that the summer may be challenging for the oil market, while winter may be challenging for the gas market.
May 13, 2022
Public Capital
BP Wins Shareholder Support for Climate Strategy
The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.
May 12, 2022
Markets
Europe Refiners Benefit from US Emergency Oil Stock Releases
With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.
May 12, 2022
Crude Oil
OPEC Cuts 2022 World Oil Demand Forecast Again on Ukraine War
OPEC cited rising inflation and continued monetary tightening, and lowered this year’s economic growth forecast to 3.5% from 3.9%, adding upside potential was “quite limited.”
May 12, 2022
Emissions
‘We Can Handle It’: Why Oil and Gas Needs to Police Its Own Emissions
Experts from Schlumberger and Halliburton discuss the challenges of managing emissions in the oil patch—and what the oil and gas industry can do about them.
May 12, 2022
Natural Gas
Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions
Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.
May 12, 2022
Policy & Regulations
Shell Sells Russian Retail Business to Lukoil
The deal includes 411 retail stations and a lubricants blending plant.
May 12, 2022
Business
Equinor AGM Rejects Activist Calls for Emission Cuts
"Right now the world is dealing with a situation where energy security is high on the agenda, particularly in Europe," Equinor's chairman told the annual general meeting.
May 12, 2022