PSPS Update: 97 Percent of Customers Have Been Restored System-Wide

Essentially All Customers Restored in Alameda, Colusa, Contra Costa, Glenn, Humboldt, Marin, Mariposa, Merced, Siskiyou, Solano, Stanislaus, Trinity and Yolo Counties 99 Percent of Customers in the Bay Area Are Now Restored SAN FRANCISCO–(BUSINESS WIRE)–Pacific Gas and Electric Company reported Friday evening that 97 percent of customers impacted by Public Safety Power Shutoff (PSPS) have [Read more]

Source: BOE Report

Huge Independent Refiner Prepares For Revolution In Markets

One of the world’s largest independent oil traders, Gunvor Group, plans to revamp its refinery in Rotterdam to adapt it to produce low-sulfur fuel oil that would be compliant with the new regulations on shipping fuel, Gunvor’s chief executive Torbjörn Törnqvist told Reuters.  Gunvor plans to reconfigure its 88,000 barrels per day refinery in Rotterdam, in the Netherlands, in ...


Heavy discount widens after volatile week

The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Friday to round off a week of volatile trading: * Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.35 per barrel below WTI, according to Net Energy Exchange. On Thursday November WCS [Read more]

Source: BOE Report