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Australia Oil and Gas Players Seek to Cut $39B Decom Bill

New Oil Discovery in Barents Sea

No Roaring USA Shale Industry to Respond to OPEC+

BP Staff to Work from Home 2 Days Per Week

Gasoline Demand May Be Revving Up in California

Last week saw physical gasoline in the San Francisco and Los Angeles cash markets both hit their highest level since November 2019. (Bloomberg) Northern Californians are taking to the open road in much greater numbers, an early signal that gasoline demand may be returning a year after the pandemic paralyzed the economy. Traffic on seven toll bridges in the San Francisco Bay area rose 13% in February from the prior month, data from the Bay Area Toll Authority show. The increase came after Governor Gavin Newsom lifted lifted stay-at-home orders in late January that allowed businesses such as outdoor dining and personal-care services to resume.

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