Press Release From CNBC: Oil jumps nearly 3% as Gulf Coast storm forces output cuts

Oil prices rose nearly 3% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic. Brent crude rose 92 cents, or 2.3%, to $40.53 a barrel, while West Texas Intermediate crude futures gained $1.02, or 2.74%, to settle at $38.28…

Article From Offshore Engineer Magazine: Oil Industry Paints Grimmer Picture of Pandemic’s Harm to Demand, 9/15/2020

Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption rebounded in the…

White House Press Release: President Donald J. Trump Has Brokered a Historic Deal Between Israel and the Kingdom of Bahrain

President Donald J. Trump, 9/11/2020 SECURING ANOTHER HISTORIC AGREEMENT: President Donald J. Trump has brokered a deal to establish full diplomatic relations between Bahrain and Israel – the second such agreement between Israel and an Arab nation in less than one month. Israel and Bahrain have committed to begin the exchange of embassies and ambassadors,…

Press Release From Tesla: Model S Long Range Plus: Building the First 400-Mile Electric Vehicle

The Tesla Team June 15, 2020 The freedom to travel anywhere is critical to Tesla’s mission. Since the introduction of our 265-mile Model S in 2012, we’ve continued to revisit every aspect of the design to deliver the longest-range and highest-performance electric vehicles on the road. Starting today, all North American Model S Long Range…

By The Numbers, 9/10/2020

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item9/4/208/28/20Refinery Utilization Rate %77.980.2Petroleum…