Prices of the RIN credits—the compliance mechanism of the RFS program administered by the US Environmental Protection Agency—have been rising steadily in recent months and are close to the highest nominal level in the history of the program.
The global COVID-19 vaccine roll-out is putting oil fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth mode following 2020’s collapse, according to the IEA.
China National Offshore Oil Co. (CNOOC) has made a final investment decision for development of the Weizhou 12-8 East (WZ12-8 East) oil project in the Beibu Gulf offshore China, partner Horizon Oil Ltd., Sydney
Activity in the oil and gas sector declined modestly in third-quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey. Data were collected on Sept. 9-17, and 166 energy firms responded.