Oil imports

After Lull, U.S. Petroleum Demand Jumps and Stockpiles Dwindle

After Lull, U.S. Petroleum Demand Jumps and Stockpiles Dwindle

Demand for U.S. petroleum spiked last week as consumption of gasoline and jet fuel jumped alongside a fading pandemic and increased travel. The U.S. Energy Information Administration (EIA) said Wednesday that demand during the week ended June 11 increased 16% week/week, with gasoline demand up 10%, jet fuel consumption ahead 22%, and demand for distillate…

June 17, 2021
Michigan to Review Carbon Emissions Potential of Enbridge Line 5 Replacement

Michigan to Review Carbon Emissions Potential of Enbridge Line 5 Replacement

Carbon emissions will be on the agenda when the Michigan Public Service Commission (MPSC) begins hearings on May 18 into Enbridge Inc.’s $500 million plan to save its 540,000 b/d Line 5 oil conduit. “The need for a robust record in this case is crucial,” said an MPSC procedural ruling Wednesday. The ruling regards the…

April 22, 2021