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Month: February 2016

Category:
  • Prices
  • Venezuela

Venezuela says freeze deal could boost oil prices by $10-$15 dollars

A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela’s Oil Minister Eulogio Del Pino, who called on Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • China

China to close more than 1,000 coal mines in 2016: energy bureau

A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • Air Quality
  • China

Beijing to Raise Threshold on Red Alerts for Smog

The first red alert over air pollution in the Chinese capital almost brought this city to a standstill in December, with schools shut, construction halted and driving restricted. Now, in Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • China

Diesel dogfight: Huge China exports dent Asia margins

China’s emergence as a major oil product exporter is depressing oil refining margins across Asia as favorable domestic fuel policies encourage Chinese refiners to keep output high and flood regional Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

Oil Mergers Hindered by Heavy Debt, Occidental Boss Says

Oil and natural gas drillers are reluctant to acquire rivals pummeled by the worst market collapse since the 1980s because of huge debt burdens that would become payable upon takeover, Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • Shale Oil
  • USA

Shale Fightback Seen Lifting US Oil Output To Record High By 2021

Oil production in the United States will reach a record high by 2021 as efficiency gains help domestic producers to combat the low prices that are likely to force hefty Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • USA

Pipelines, tankers, and barges convey transportation fuels from Gulf Coast to East Coast

In the United States, the East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels (mainly gasoline, diesel, and jet fuel). Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • LNG
  • USA

America’s Chance to Help Break Russia’s Energy Dominance

Earlier this month, the U.S. Senate began considering a bill that, if passed, would certify the central role of liquefied natural gas in American foreign policy and help many European Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota rig count testing new bottom

Exploration and production activity in North Dakota continued testing new lows as the rig count dropped 7 percent from last week, state data show. State data show 38 rigs in Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple
Category:
  • Earthquakes
  • USA

Three weekend tremors in shale-rich Oklahoma

 Seismic activity in shale-rich Oklahoma was apparent again, with the U.S. Geological Survey recording three minor events in less than 24 hours as of Monday. Three tremors of magnitude-3 or Continue Reading

Posted On : 23 Feb 2016 Published By : Tom Whipple

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