World Coal Production Just Had Its Biggest Drop on Record
Fossil fuel sees ‘decisive break’ from period of demand growth Carbon emissions show little or no growth for third year: BP It’s the end of an era for coal. Production Continue Reading
Excess oil inventories to last until 2018 – IEA
Oil demand should outpace supply in the second half of this year but excess inventories will persist well into 2018, dealing a blow to global crude producers enacting output cuts Continue Reading
No change in oil production plans, Kazakh oil company says
Crude oil production from Kazakhstan could increase by the end of the year once operations at its Kashagan oil field are optimized. Photo courtesy of North Caspian Operating Company. June Continue Reading
Analysis: LNG trade disruption worries ease as Qatari flows to Suez, Egypt resume
Singapore (Platts)–13 Jun 2017 719 am EDT/1119 GMT * Qatargas vessels transit Suez for Ras Laffan * Egypt gets Qatar LNG despite blockade * Limited impact of UAE’s port restrictions Continue Reading
Asian refiners receive full Saudi crude oil allocations for July
Saudi Aramco’s major buyers in Asia are receiving full allocations for Saudi crude oil loading in July, with some Japanese refiners even getting higher volumes, according to market sources. Traders Continue Reading
Op-Ed: $1 Trillion on the Line, and Saudi Aramco IPO Riddled with Risk
One trillion dollars, one trillion problems: Saudi Aramco weighs which exchange is worth the gamble for its IPO. Around the world, investment bankers rub their hands together, giddy with visions Continue Reading
Saudis Cut Oil Exports to U.S. to Ease Global Glut
Saudi Arabia is slashing its U.S. oil exports to a nearly three-decade low for this time of the year, intensifying its efforts to reduce a global supply glut that has Continue Reading
Putin’s Newest Oil Play: Russia Gains Foothold In Iraqi Oil Patch
The Kurds of Iraq are going through one of their most tumultuous periods of history. On the verge of finally seeing the much-heralded independence referendum, through Erbil is doing everything Continue Reading
Kurdish Oil: The Two Biggest Threats
As the Kurdistan Regional Government (KRG) seeks to restore pre-2014 levels of attractiveness to its energy sector from an investment standpoint, it grapples with several key challenges. Chief among these Continue Reading
Exclusive: PDVSA leaves Bahamas oil terminal, expands in St Eustatius – sources
Venezuelan state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas storage facility after terminating a contract with the owner, U.S. Buckeye Partners LP, according to Continue Reading