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Month: January 2016

Category:
  • Iran
  • Saudi Arabia

Tension Between Iran and Saudi Arabia Presents New Test for OPEC

The diplomatic crisis between Saudi Arabia and Iran presents a new test for the Organization of the Petroleum Exporting Countries at a particularly challenging time for the oil-producing cartel. The Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • Libya
  • p-

Islamic State Attacks Libyan Oil Terminals

Islamic State fighters attacked two oil terminals in eastern Libya, setting on fire a large storage tank at one of the facilities, Libyan oil officials said on Monday. The attacks Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • Brazil

Petrobras CEO’s Challenges Aren’t Going Away

Aldemir Bendine has been the company’s chief for 11 months. In Portuguese that stands for Tuesday, Wednesday, Thursday—the three days a week that Mr. Bendine typically shows up at the Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • India

Streets, if Not the Air, Clear Out as Delhi Tests Car Restrictions

Traffic was flowing smoothly Monday morning on Outer Ring Road in South Delhi, usually jammed at that hour by subway construction and cars. An upscale market was dotted with free Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • China

China markets claw back losses on state intervention

Beijing waded in to prop up China’s stock and currency markets on Tuesday, helping to temper losses by calming fears over the looming expiration of a share-sale ban and intervening Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • China
  • p-

China issues 20.93 mil mt product export quota in 1st 2016 round, up 115% on year

China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

Syncrude’s oil sands output down 26 percent in December

Crude oil production at Syncrude Canada’s oil sands operation averaged 238,800 barrels per day (bpd) in December, down 26 percent from November, the joint venture’s largest-interest owner, Canadian Oil Sands Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

Suncor Energy Doesn’t Rule Out Raising Bid for Canadian Oil Sands

Canadian Oil Sands holds the largest stake in the Syncrude oil-sands mining consortium. Canadian Oil Sands shareholders have until Friday to accept Suncor’s offer of 0.25 of a share for Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • Economy
  • USA

US manufacturers see weakest demand in 6 years

US manufacturers last month recorded their largest contraction in demand in more than six years as the strong dollar and low oil prices continued to drag on the economy.  The Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple
Category:
  • p-
  • Shale Oil

BAKKEN – Single Well Economics

This is a guest post by Ciaran Nolan Disclaimer The opinions and views expressed in this presentation are solely those of the author and not necessarily those of any organisation. Continue Reading

Posted On : 5 Jan 2016 Published By : Tom Whipple

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