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Month: August 2016

Category:
  • Russia
  • Turkey

Turkey, Russia pursue gas pipe dream as EU frets

Declarations by Russia and Turkey last week reviving plans for the TurkStream natural gas pipeline linking the two have worried EU diplomats who see it strengthening Moscow’s hand – but Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Resumes Paying Ex-Delta Militants as Oil Output Drops

Amnesty coordinator says stipends restart Monday after delay Oil production has dropped to 1.4 million b/d, minister says Nigeria resumed payments to former militants in the oil-rich Niger River delta Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • USA

Exports up but revenues drop in July

After a two-month decline, federal oil export levels rebounded, but overall revenues fell along with global oil prices. Tugboats position a single point mooring (SPM) buoy in the Basra Gulf Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuelan Credit Dashboard: $726 Million Comes Due in August

Oil price starts to decline again as heavy payments loom Venezuela, which has the largest crude reserves on the planet, has defied predictions of default since the oil collapse started Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • China

After a long slide, China’s oil demand shows signs of steadying

* June oil demand up 4% on month to 11.32 mil b/d * Gasoil demand recovers from 70-month lows in May * Platts expects 2016 oil demand growth below 1% Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Transportation
  • USA

Cheap Gas and Big Cars Are Killing Obama’s Fuel Economy Push

In 2011, President Obama announced an agreement made between 13 automakers to increase average fuel economy to 54.5 miles per gallon by 2025. Now two government reports suggest that cheap Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota rig count continues to rise

Ahead of a special legislative session to review the state budget, North Dakota state data show a modest recovery underway in oil and gas exploration activity. State data show 35 Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Prices
  • USA

New EIA website spotlights key drivers of petroleum product prices

Note: CBOB is conventional blendstock for oxygenate blending. CARBOB is California reformulated gasoline blendstock for oxygenate blending. The U.S. Energy Information Administration recently released the What Drives Petroleum Product Prices Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Arctic

Alaska North Slope crude shipment leaves Valdez bound for South Korea: cFlow

A shipment of Alaska North Slope crude is making a rare voyage across the Pacific Ocean to South Korea, according to cFlow, Platts trade flow software. The Bahamian-flagged Suezmax, Tianlong Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Colorado Governor says Trump doesn’t understand fracking issue: Denver Post

Colorado Governor John Hickenlooper speaks at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 28, 2016. Governor of Colorado John Hickenlooper on Monday criticized Donald Trump’s comments about fracking, Continue Reading

Posted On : 2 Aug 2016 Published By : Tom Whipple

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