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  • Biden mocks ‘sensitive’ Chevron CEO Michael Wirth in spat over gas price claims

    From nypost.com

    President Biden escalated a war of words with Chevron CEO Michael Wirth Tuesday after the country’s second-largest oil company rejected the president’s “political rhetoric” about high gas prices. “He’s mildly sensitive. I didn’t know they’d get their feelings hurt that quickly,” Biden said at the White House when a reporter asked about Wirth’s rebuttal. “We need more refining capacity. This idea that they don’t have oil to drill and to bring up is simply not true,” Biden said. “We ought to be able to work something out whereby they’re able to increase refining capacity and still not give ... (full story)

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    Australian energy market operator to formally lift market suspension

    From @FirstSquawk|Jun 21, 2022

    tweet at 8:10pm: AUSTRALIAN ENERGY MARKET OPERATOR TO FORMALLY LIFT MARKET SUSPENSIONAEMO moves to lift Market Suspension The Australian Energy Market Operator (AEMO) today announced the activation of a staged approach to lift the suspension of the National Energy Market (NEM). Seven days since the market operator (AEMO) took the decision to suspend the NEM, it has seen a clear improvement in market conditions. This includes 4,000 MW of generation returning from outages. In making the announcement, AEMO CEO Daniel Westerman said the operator would take a staged approach to lifting the market suspension. "The first step is that at 4am tomorrow, we will allow the market to set the price again," Mr Westerman said. "The second step will be to completely lift the suspension," he said. Mr Westerman said that after the first step was taken, AEMO would expect to see:

    China's Geopolitical Pivot Could Have Huge Ramifications For Oil

    From oilprice.com|Jun 21, 2022

    China stated two weeks before Russia invaded Ukraine that “there is ‘no limit’ to how far Russian and Chinese friendship may go” and signed a swathe of huge oil and gas deals ...

    EIA: US Refining Capacity Sinks To Near Decade Low

    From oilprice.com|Jun 21, 2022

    Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday. U.S. refining capacity fell this year ...

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    Oil Market Facing Supply Tightness, ANZ Bank Says - Bloomberg

    From youtube.com|Jun 21, 2022

    Daniel Hynes, senior commodity strategist at Australia and New Zealand Banking Group Ltd., discusses the outlook for oil and iron ore. West Texas Intermediate August delivery rose ...

    Kuwait confident of meeting Opec+ quotas: KPC CEO

    From argusmedia.com|Jun 21, 2022

    Kuwait can hit its Opec+ crude production target for July and will be able to meet any further increases requested of it, according to state-owned KPC's chief executive Sheikh ...

    Oil falling sharply, CL futures under $105.50

    From forexlive.com|Jun 21, 2022

    WTI and Brent futures both dropping hard. Carrying on their overnight losses. Big time. Lowest in around a month. No fresh news on the wire services. CL1: chart

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  • Posted: Jun 21, 2022 8:55pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 0  /  Views: 88
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