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Month: May 2016

Category:
  • Prices

Can Oil Prices Hold Onto Gains At $50 Per Barrel?

Shale Oil Tower For the past few weeks, maintenance, sabotage, wildfire, strikes and rebel attacks have added to supply-side disruptions, as shown in the chart below . So now, everyone’s Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Climbs on Canadian Fires

U.S. oil prices are rallying for the eighth time in 10 sessions as uncontrolled forest fires are threatening to delay the return of at least one million barrels a day Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • Tar Sands

Oil Sands Restart Plans Thwarted as Alberta Fire Threat Returns

Plans to bring back more than 1 million barrels a day of lost production in Canada’s oil sands are being delayed as wildfires sweeping across northern Alberta threaten operations again, Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Libya

World Powers Want to Arm Libya’s Government. Who Gets the Guns?

A member of the Libyan pro-government forces patrols a rural area on the outskirts of Benghazi, on April 19, 2016. Top officials from 21 countries and four major international organizations Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Offers Discounted Oil in Battle for U.S. Refineries

Venezuela Oil Output May Go All the Way to Zero Venezuela is offering oil at the biggest discounts in seven years as the third-largest supplier to U.S. refineries fights to Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Iraq

Iraq violence: Blasts in Baghdad kill dozens

Four bomb blasts in Baghdad have killed more than 60 people, medics say, in the latest in a series of recent attacks in the Iraqi capital. Three of the bombings Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Israel
  • Russia
  • Turkey

Russia Remains Determined To Stop Israel-Turkey Pipeline Deal

It has been six years since the Israeli raid on the Mavi Marmara ship that was aiming to reach the Gaza coast in May 2010. In the wake of the Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Iran

Iran’s May oil exports set to surge nearly 60 percent from a year ago: source

Iran’s oil exports are set to surge in May, climbing nearly 60 percent from a year ago, with European shipments recovering to about half of pre-sanction levels, according to a Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Iraq

Faced with dominant rival, competing Kurdish parties reunite

Sulaimaniya’s PUK and Gorran parties have agreed to electioneer and vote together, hoping to clip the wings of acting President Massoud Barzani’s KDP. At a ceremony in Dabashan, Sulaimaniya, Kosrat Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple
Category:
  • Asia
  • Climate

Analysis: Drought triggers unusual thirst for gasoil in Asia

* India, Vietnam step up gasoil purchases * MRPL idles refinery because of water shortages * Incremental demand may fade once rains set in Hit hard by an El Nino-induced Continue Reading

Posted On : 18 May 2016 Published By : Tom Whipple

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