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Month: June 2017

Category:
  • Qatar

Flying Cows to Qatar Is One Man’s Way to Beat the Saudis

Call it the biggest bovine airlift in history. The showdown between Qatar and its neighbors has disrupted trade, split families and threatened to alter long-standing geopolitical alliances. It’s also prompted Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Qatar

Qatar crisis to speed the rise of Asia’s spot LNG trade

Qatar’s isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis accelerate plans for renewable energy

President of the OPEC Conference and Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih speaks during a news conference at OPEC headquarters in Vienna, Austria, on May 25. Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Iran

Iran prioritizes development of shared oil fields

Iran aims to prioritize the development of the oil and gas fields that straddle the land and maritime borders with its neighbors. File photo by Maryam Rahmanian/UPI June 12 (UPI) Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: Oil Output Hits Over 2.0m BPD As Shell Lifts Force Majeure On Forcados

Shell Petroleum Development Company Limited has officially lifted force majeure on exports of Nigeria’s Forcados crude oil, thus increasing the nation’s oil output by additional 200,000 barrels per day. Force Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

U.S. shale firms more exposed to falling oil prices as hedges expire

Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Venezuela

Doctors Flee Desperate Venezuela to Work in Safer Places

On a recent day in this remote island town, Dr. Jhomar Yansen rushed to operate on a man who had been kicked in the gut by a sheep and was Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

U.S. Rig Count Continues Its Ascent Unabated

The number of active oil and gas rigs in the United States rose again this week by 11—making it 21 weeks of consecutive gains—the longest growth streak since at least Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices
  • USA

America’s Stubborn Oil-Supply Glut Catches Funds Off Guard

Money managers’ net-long position at most bullish since April Longs rose, shorts declined, just before oil slumped 5 percent Crude markets are taking oil optimists by surprise yet again. Hedge Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple
Category:
  • Offshore

Democrats aim to block Atlantic energy surveys

Senate Democrats concerned Atlantic energy work could harm some maritime species that depend on seismic activity to communicate. File photo by Ken James/UPI. June 12 (UPI) — The process to Continue Reading

Posted On : 13 Jun 2017 Published By : Tom Whipple

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