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Month: August 2016

Category:
  • Venezuela

Global oil market faces less Venezuela supply in 2017: Columbia University

Venezuela, traditionally a prominent oil exporter, will make a sharply smaller contribution to the global oil market in 2017 as an acute political and economic crisis affects its crude production, Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Vietnam

Vietnam’s July coal imports surge 141% on year to 1.31 million mt

Vietnam’s coal imports surged 141% year on year to 1.31 million mt in July, customs data released Monday showed. Traditionally a coal exporter, Vietnam turned into an importer amid rising Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Oil Exports Seen Falling as Economic Woes Worsen

Nation seeing steep crude-output drop: Columbia University Risk to international oil exports from the country is growing The long decline in Venezuela’s oil production is becoming a supply risk for Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Iraq

Kurdish forces make hard progress toward Mosul

Over two days of grinding battles, thousands of soldiers liberate a swath of Hamdaniya, highlighting the difficulty of making even incremental gains on the road to Mosul. Jabbar Allibi was Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela’s Maduro says $70 oil would be balanced price

Venezuela’s President Nicolas Maduro speaks during his weekly broadcast ”En contacto con Maduro” (In contact with Maduro) in Caracas, Venezuela August 9, 2016. Miraflores Palace/Handout via Venezuela’s President Nicolas Maduro Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • China

China Set to be the World’s 2nd Largest Shale Gas Producer by 2040

China is poised to be the world’s second largest shale gas producer by 2040, according to the U.S. Energy Information Administration. China is poised to be the world’s second largest Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling

The oil-and-gas well BP PLC BP 1.21 % is drilling here in the Texas Panhandle looks ordinary enough from the surface. Yet a mile-and-a-half underground, horizontal pipes shoot off for Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • USA

U.S. crude oil exports are increasing and reaching more destinations

Source: U.S. Energy Information Administration, Petroleum Supply Monthly The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil in Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • LNG

Cheniere’s first LNG export cargoes: A contrarian indicator for U.S. natural gas prices?

Cheniere Energy has long been my favorite contrarian indicator in the U.S. natural gas market. For those unfamiliar with the term, a contrarian indicator is an event which suggests that Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple
Category:
  • Sea Level Rise

Louisiana’s Sinking Coast Is a $100 Billion Nightmare for Big Oil

The state can’t pay, so someone has to. And the water keeps rising. The Phillips 66 oil refinery on the bank of the Mississippi River in Plaquemines Parish, near the Continue Reading

Posted On : 17 Aug 2016 Published By : Tom Whipple

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