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Keystone XL protestors want Biden to revoke more pipeline permits

Keystone XL protestors want Biden to revoke more pipeline permits
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

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Grades weaken as Brent/WTI spread contracts | Hellenic Shipping News Worldwide

Grades weaken as Brent/WTI spread contracts
U.S. cash crude differentials mostly weakened on Monday as the spread between benchmark U.S. crude futures and Brent contracted, dealers said.
Coastal grades including Louisiana light Sweet (LLS) and Mars eased as the Brent/WTI spread narrowed by 7 cents a barrel. A narrow spread typically makes U.S.-crude linked coastal grades less attractive to international buyers compared to Brent-linked grades.
Among inland grades, WTI Midland eased by 5 cents on signs of increased production from the Permian basin.
Output from the Permian, the top-producing basin in the country, is expected to rise by 52,000 bpd to about 4.47 million bpd, the highest since April 2020, the EIA said in a monthly forecast. ....

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Grades weaken as Brent/WTI spread contracts

By Reuters Staff
3 Min Read
(Reuters) - U.S. cash crude differentials mostly weakened on Monday as the spread between benchmark U.S. crude futures and Brent contracted, dealers said.
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford/File Photo
Coastal grades including Louisiana light Sweet (LLS) and Mars eased as the Brent/WTI spread narrowed by 7 cents a barrel. A narrow spread typically makes U.S.-crude linked coastal grades less attractive to international buyers compared to Brent-linked grades.
Among inland grades, WTI Midland eased by 5 cents on signs of increased production from the Permian basin. ....

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Oil Wavers With Inflation Concerns Clouding Demand Outlook

Oil Posts Worst Week in Three With Demand Recovery in Focus
Bloomberg
1 hr ago
Andres Guerra Luz
(Bloomberg) Oil posted its worst week in three amid concerns that rising global coronavirus cases are slowing the economic recovery.
West Texas Intermediate futures ended the week down 3.5%, the biggest weekly loss since mid-March. With the Organization of Petroleum Exporting Countries and its allies planning to start raising output, markets are now focused on whether the demand recovery will be enough to absorb growing supplies.
While consumption is climbing in India and the U.S., rising virus cases and the possibility of stricter travel limits in Europe are muddying the forecast and putting pressure on crude. Oil plunged Monday after the U.K. said it may delay global travel beyond May 17. ....

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U.S. Won't Announce Dakota Access Shutdown, Tribal Advocate Says

U.S. Won’t Shut Dakota Access Pipe Amid New Environmental Review
Bloomberg
36 mins ago
Ellen Gilmer and Ari Natter
© Photographer: Chip Somodevilla/Getty Images North America
WASHINGTON, DC - APRIL 01: An indigenous environmental activists strikes a large symbolic snake near the White House as part of a protest against oil pipelines April 01, 2021 in Washington, DC. Organized by the Indigenous Environmental Network, the demonstrators called on President Joe Biden to Build Back Fossil Free by stopping the Dakota Access and Line 3 pipelines. The protest against the pipelines began at the National Museum of the American Indian before moving to the Army Corps of Engineers headquarters and finishing near the White House at Black Lives Matter Plaza. (Photo by Chip Somodevilla/Getty Images) ....

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