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Month: August 2017

Category:
  • Prices

Harvey Ripples Through U.S., Global Energy Markets

Rainwater from Hurricane Harvey surrounds oil refinery storage tanks in Texas City, Texas. Tropical storm Harvey’s crippling of Gulf Coast refineries, ports and pipelines is being felt across the country Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Prices

Global fuel markets jump as Harvey’s surge ripples beyond Gulf

Tropical Storm Harvey’s effect on the energy industry has spread beyond flooded U.S. refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Prices

Gasoline spikes to $2/gallon, crude slips as Harvey wreaks havoc on refiners

Gasoline prices hit $2 a gallon for the first time since 2015 on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Iraq

KRG deal settles debts, gives more acreage to Pearl

By settling with Dana Gas and partners, the Kurdistan region avoids tens of billions of dollars of potential liability and commissions massive new gas production within two years. A flare Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • China

China’s state oil refiners seek higher fourth quarter fuel export quotas as margins surge: sources

Site of an oil field is seen at sunset in Karamay, Xinjiang Uighur Autonomous Region, China, May 7, 2017. Picture taken May 7, 2017. Stringer BEIJING/SINGAPORE (Reuters) – China’s state-owned Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • China

China’s electric-car sales now twice those in US for Jan-June 2017

2016 BYD Tang plug-in hybrid SUV, made in China Hard numbers provide the latest evidence that shows China is by far the world’s largest market for plug-in cars—or new energy Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Canada
  • Pipelines

Canada band raises new issue in Kinder Morgan pipeline challenge

A crude oil storage tank at Kinder Morgan’s Trans Mountain Pipeline terminal is seen in Kamloops, British Columbia, Canada November 15, 2016. Chris Helgren CALGARY, Alberta (Reuters) – A Canadian Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Oil Supply

Oil Markets React Stoically To Strong Crude Inventory Draw

Amid the shutdown of 20 percent of U.S. refining capacity caused by Hurricane Harvey and the pending shutdown of more refineries as the storm moves on to Louisiana, the EIA’s Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Oil Supply

USGC refinery outages, port closures continue to increase Aug 30

US Gulf Coast oil refinery outages and port closures are increasing, according to a Wednesday midday ET report by S&P Global Platts, the leading independent provider of information and benchmark Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple
Category:
  • Oil Supply

About A Quarter Of US Fuel Output Shut As Harvey Churns On

The heart of the US energy industry suffers further damage and supply constraints could last for weeks. HOUSTON, Aug 30 (Reuters) – Tropical Storm Harvey inflicted more damage on the Continue Reading

Posted On : 31 Aug 2017 Published By : Tom Whipple

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