Oil Products

Mitch McConnell Argues Against Proposed EPA Carbon Standards For Power Plants

Fifteen governors penned a letter sent to the White House yesterday claiming the EPA’s proposed rule to regulate emissions from existing power plants is illegal. Several of these governors also climate change deniers. “Five of the states represented by those governors — Alabama, Indiana, Oklahoma, South Carolina, and Wyoming — are also part of a lawsuit filed… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

U.S. petroleum product exports increased by ten percent from 2012-2013, reflecting a significant boost in domestic crude oil and natural gas production. On April 22, 2014, the Energy Information Administration (EIA) released a report showing that 2013 U.S. petroleum product exports averaged 3.5 million barrels per day (MMbbl/d) increasing by ten percent from 2012 levels.… Keep reading →

New York Culinary Experience 2014 Presented By New York Magazine And The International Culinary Center - Day 2

The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so. Examples of companies that divested downstream assets include Hess and… Keep reading →

Gasoline Prices Spike As Crude Oil Prices Surge

This question has been dissected in many ways by analysts, politicians, business leaders and countless other stakeholders, with numerous conclusions drawn. Clearly the term “energy independence” can be defined many ways. In terms of power generation, the country already is energy independent. But US petroleum import volumes usually lie at the heart of this question… Keep reading →

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The head of the US Energy Information Administration Adam Sieminski spoke about a wide range of issues at an event in New York earlier this week, including the US Winter Fuels Outlook, the new drilling productivity report, the geopolitics of shale development, EIA’s International Energy Outlook, and he provided insight into the rapidly-developing technologies used… Keep reading →