U.S. production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon. Two factors behind growing U.S. renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel

Europe’s benchmark gas prices have rebounded this week as traders closed short positions at the expiry of the front-month contract and some weather forecasts suggested colder weather in northern and central Europe next week than previously expected. The Dutch TTF benchmark price jumped by 11% at over $65 (60 euros) per megawatt-hour (MWh) at the

The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels, while analysts predicted a draw of 733,000 barrels. The build comes as the Department of Energy released 7.5 million barrels from the Strategic Petroleum Reserves in the week ending September 2, leaving the SPR with just 442.5 million

US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies that have reported second-quarter results

Gansu Tengxing Biological Factory is located in Lanzhou National Chemical Park, which is a new integrated production base built and operated by Nanjing Tengxiang. The factory integrates R&D, production and storage, and has many independent production workshops, special R&D laboratories,warehouse of raw and auxiliary materials and finished products,and commercial production lines with annual production capacity

Two-thirds of New Renewable Power Cheaper than Coal in 2021 – IRENAAlmost two-thirds or 163 gigawatts (GW) of new renewable power capacity added last year had lower costs than the cheapest coal-fired power plants in G20 countries, a report by the International Renewable Energy Agency (IRENA) showed. Last year, the cost of electricity from onshore

U.S. crude-oil stockpiles are expected to have decreased from the previous week in data due Thursday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal. Estimates from nine analysts and traders showed U.S. oil inventories are projected to have declined by 1.2 million barrels for the week

$150 oil could still happen, BofA Global Research indicated in a new report sent to Rigzone this week. In the report, BofA Global Research outlined that it sees Brent averaging $102 per barrel this year and in 2023 and highlighted that a potential spike to $150 per barrel could happen if European sanctions push oil

Oil Majors Are Lining Up For The Next Great South American Oil Boom The Guyana-Suriname oil basin may hold much larger reserves than anticipated. Suriname is looking to replicate Guyana’s oil boom through 2030. Low projected breakeven prices and discoveries of light to medium sulfur crude makes Suriname an attractive location for oil majors. The

High LNG exports and warmer weather are the driving forces behind the rally in U.S. natural gas. U.S. natural gas prices have surged by more than 130% since the beginning of the year. The price is currently 3.3 times above the five-year average. U.S. benchmark natural gas prices jumped to above $9 per million British