SINGAPORE (Reuters) – South Korea’s GS Caltex has sold January-loading gasoil cargoes at a discount, three sources with knowledge of the matter said on Friday. Three 300,000-barrel 10 ppm sulphur gasoil cargoes were sold at a discount of between 50 cents a barrel to $1.50 a barrel to free on […]
Californian regulators voted Thursday to approve a plan to reduce the state’s carbon-dioxide emissions by 85% by 2045, reaching carbon neutrality then, including by cutting petroleum usage to one-tenth of the current level. California’s environmental policies have led to drastic shifts away from petroleum fuels as state regulators have sought […]
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year’s record 180 million barrel release from the stockpile. The department will buy up to 3 million barrels for delivery in February, a […]