Oil price tops $80 a barrel adding to pressure on consumers – as UK economy enters ‘hard yards’

Oil prices have topped $80 a barrel for the first time in three years – likely adding to pressure on motorists when the higher cost filters through to pumps. Brent crude rose for a sixth day in a row as concerns over supply coincide with more countries, such as Japan,

Colorado oil and gas company aims to produce “cleanest molecules” anywhere

Amid escalating worries about climate change and pollution from oil and gas operations, Colorado’s largest electric utility is going to buy natural gas from a company that is continuously monitoring its emissions and working to certify its product as responsible. Xcel Energy said Wednesday that it will buy some of

Renewable diesel boom highlights challenges in clean-energy transition

(Reuters) – For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants.Parkland Fuel’s refinery in Burnaby, British Columbia, Canada February 17, 2021. Picture taken February 17, 2021. REUTERS/Jennifer GauthierHe works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into

Oil refineries made it snow more in certain parts of Denver on Wednesday. Here’s why. – The Denver Post

Some parts of the Denver area woke up to a fresh blanket of snow this morning. The heaviest band of snow in the metro was concentrated in a narrow corridor from around Coors Field, through the River North Art District, up to Commerce City. At first glance, this could just

Colorado oil, gas drilling hits record lows during pandemic

DENVER — The oil and gas industry in Colorado has seen a steep decline in production, rigs and employment during the pandemic not previously seen in decades, concerning many in the industry. Colorado Public Radio reported that oil production in the state has dropped 13% compared to the same period

OPEC+ meets to review compliance with oil cuts

DUBAI/LONDON/MOSCOW (Reuters) – OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic. OPEC+ is unlikely to change its output policy, which currently calls for reducing output by 7.7 million

Trucks, excavators to help push China's diesel demand to record

SINGAPORE/BEIJING, August 14 (Reuters) – China’s diesel demand is likely to hit a record this year powered by trucking activity, as Beijing’s aggressive stimulus fuels a construction and delivery boom and a speedy recovery in heavy machinery sales, analysts say. The stimulus measures have helped to reverse the damage from

Venezuela opposition lawmakers open probe of oil spill on Caribbean coast

CARACAS (Reuters) – Venezuela’s opposition-run congress has opened an investigation into an oil spill that continues to pollute palm-lined beaches along the South American nation’s Caribbean coast, legislator Maria Gabriela Hernandez said on Wednesday. Authorities said last week they were cleaning up the oil slick that washed up on the

Oil steady as vaccine news counters rise in virus cases

TOKYO (Reuters) – Oil prices were little changed on Tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases. Prices were offered some support by

Oil slips as traders eye supply cut easing at OPEC meeting

SINGAPORE (Reuters) – Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT