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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
Category:
  • OPEC

Hurricane Harvey Is A Disaster For OPEC

The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That Continue Reading

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

I Was an Exxon-Funded Climate Scientist

ExxonMobil’s deliberate attempts to sow doubt on the reality and urgency of climate change and their donations to front groups to disseminate false information about climate change have been public Continue Reading

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

Platts plans assessments for Iraqi Basrah Light and Basrah Heavy crude

Oil price agency S&P Global Platts is proposing to start price assessments for Iraqi Basrah Light and Basrah Heavy crude oil cargoes on a free-on-board (FOB) Basrah basis from Nov. Continue Reading

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

Will This Bring Big Oil Back To The Bakken?

If shale plays were people, everyone would be jealous of the Permian for getting all the attention. It is the leader in overall national oil output growth, and just last Continue Reading

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

Democratic Senator Urges Trump To Sell Oil In Strategic Reserves

Federal officials should release fuel from the Strategic Petroleum Reserve to prevent gas prices from rising in the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts told President Continue Reading

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

Gazprom says sanctions won’t stop Nord Stream 2 pipeline project

The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Continue Reading

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

The Slow Death Of Nuclear Power In Europe

Nuclear energy has been moving away from power-rich countries to nations bereft of diverse power generation opportunities, all the more so after the 2011 Fukushima disaster. Europe has been particularly Continue Reading

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

Norway Oil and Gas: Reserves, Production and Future Projection

Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably Continue Reading

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

Danish Energy Company Is Turning the Page on Oil and Gas

A company whose name stands for Danish Oil and Natural Gas is getting out of both businesses. Dong Energy AS DENERG -0.91% , Denmark’s majority state-owned energy company, is selling Continue Reading

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

Oil dips as U.S. floods cause large-scale refinery shutdowns

Oil prices slid on Wednesday as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the most important feedstock for the petroleum industry. U.S. West Texas Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Set To Rise as Supply-Demand Gap Closes Up

Oil prices are poised to climb over the coming weeks as supply and demand approach parity, according to analysts who spoke to CNBC as the remnants of Hurricane Harvey continues Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Iraq
  • Prices

Iraq Braves Break With Tradition to Get Oil’s True Worth

OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. (Bloomberg) — OPEC’s Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Iraq
  • Prices

Mideast oil producers on low-level alert after Iraq pricing switch

Gulf OPEC members Saudi Arabia and Kuwait are unlikely to follow Iraq in a major shift in the way it prices its oil in Asia and will monitor Baghdad’s attempts Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia
  • Wind

Saudi Arabia Shortlists 25 Bidders For First Utility-Scale Wind Plant

Saudi Arabia has shortlisted 25 companies that qualify to bid for proposals to build a 400-MW wind power plant in the northern part of the Kingdom, in what would be Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Iraq

Siba preparing year-end commercial gas production

The first successful project from Iraq’s third bidding round, in 2010, is on track to reach plateau production within five years. A worker at the Siba gas field on Aug. Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Brazil

Total Could Miss Out On 14 Billion Barrel Brazilian Reserves

Total’s study on the environmental impact of drilling in one of the Amazon’s basins hit a roadblock on Tuesday when Brazilian regulator Ibama said it rejects the validity of the Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Venezuela

Is Trump Holding Back On Venezuela Sanctions?

A few days ago, the White House authorized new sanctions against Venezuela – a country struggling under the burden of running a socialist government while the value of its main Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • China
  • Coal

Power of love: China’s latest arranged match rattles utilities

Beijing announced its latest arranged marriage by matching the country’s top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China’s Valentine’s Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria Pays $120 Million Demurrage Annually On Imported Fuel

The federal government is currently counting significant losses arising from demurrage paid by vessels which bring in imported petroleum products into the country. Available statistics shows that the country pays Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Refining

Flooding knocks out U.S. refineries, crude hit by supply disruptions

Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Record U.S. fuel stocks to cushion post-Harvey shortages: IEA

 Record oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency (IEA) said on Tuesday, adding that it could release emergency oil stocks Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Canada
  • Pipelines

Canadian oil pipeline protesters launch new battle from the water

On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Canada

Offshore Canada oil development gains momentum

French energy services company TechnipFMC said it would work with Canadian company Husky Energy to develop the reserves off the eastern Canadian coast. TechnipFMC will supply and install some of Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Pipelines
  • USA

East Coast May Face Fuel Shortages After Storm Disrupts Major Pipeline

The Colonial Pipeline stretches 5,500 miles through 12 states, including the Pelham junction and tank farm in Pelham, Ala. Flooding in Texas has disrupted the flow of fuel on a Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Shale Oil

Harvey’s Widespread Destruction Tests U.S. Shale

Tropical Storm Harvey , the most powerful storm to hit Texas in half a century, has shut a significant portion of the state’s shale production, cutting off as much as Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Climate
  • Coal

Peabody Says Bankruptcy Shields Coal Miner From Climate Change Lawsuits

Some coastal communities in the state are suing energy companies over rising sea levels. Coal producer Peabody Energy Corp. says its recent emergence from bankruptcy shields it from lawsuits brought Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Refining

ExxonMobil refineries are damaged in Hurricane Harvey, releasing hazardous pollutants

The ExxonMobil refinery in Baytown, Tex., in 2008. (Jessica Rinaldi/Reuters) ExxonMobil acknowledged Tuesday that Hurricane Harvey damaged two of its refineries, causing the release of hazardous pollutants. The acknowledgment, in Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

Lower-For-Longer Drives Leadership Shift In Big Oil

When the Wall Street Journal last week reported that Chevron’s chief executive John Watson would step down, the most likely replacement as a “new leadership for a changing oil world” Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Shale Oil

Prolonged Shutdowns From Harvey Could Strand Shale Output

 The mutual dependency of pipeline companies and refiners is being magnified as Tropical Storm Harvey takes its toll on the Gulf Coast, putting at risk the U.S. shale boom. With Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Electric Cars

Greater EV Adoption Relies on Some Big ‘Ifs’

What are the key assumptions for a ‘carbon-constrained scenario’? Electric vehicles (EV) constitute a very small share of all cars on the road worldwide. According to the International Energy Agency Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Electric Planes

The Age of Electric Flight Is Here, Now!

SunFlyer is powered by lithium batteries and electric motor. It’s designed to be low-cost trainer. Our small electric plane, which uses light and powerful batteries and motors, is less costly Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Climate

Harvey Shows How Planetary Winds Are Shifting

Meteorologists explain that Hurricane Harvey stalled off the Texas coast because two high-pressure atmospheric masses—huge bookends made out of air—have squeezed it in place, and there haven’t been any high-level Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Arctic

Alaskan Oil Returns With A Vengeance

After years of steady decline in production and bottomed-out oil prices, Alaska is in a rough spot. They’re over a billion dollars in debt, in large part thanks to unfulfilled Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Pipelines
  • USA

Nordic investors reject Dakota pipeline operator’s allegations

 Nordic investors rejected on Tuesday allegations in a lawsuit by the operator of Dakota Access Pipeline (DAPL) that they divested from the project due to pressure from Greenpeace and other Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Russia

Russia’s economy tripped up, but recovering

The Russian economy contracted last month because of pressure in some of the non-oil sectors, a report from the Economic Development Ministry found. The ministry reported growth in gross domestic Continue Reading

Posted On : 30 Aug 2017 Published By : Tom Whipple
Category:
  • Prices

Hurricane Harvey Tosses Global Oil Markets Into Chaos

The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets. Continue Reading

Posted On : 29 Aug 2017 Published By : Tom Whipple
Category:
  • Prices

Do These Benchmarks Signal An Oil Price Spike?

It’s crucial to predicting where oil prices are headed. Whenever this number is high, oil prices tend to surge. And it’s not been this high in two years… Why Brent Continue Reading

Posted On : 29 Aug 2017 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

Heavy grades slip as traders eye Gulf Coast shutdowns

Canadian heavy crude differentials widened on Monday in quiet trade as some market players anticipated refinery shutdowns in the storm-hit U.S. Gulf Coast region backing up crude supplies in Canada. Continue Reading

Posted On : 29 Aug 2017 Published By : Tom Whipple
Category:
  • IEA

IEA says no need to release emergency oil supplies due to Harvey

The International Energy Agency said on Monday that there was no need for now to release fuel from emergency stockpiles to compensate for disruption caused by Hurricane Harvey because global Continue Reading

Posted On : 29 Aug 2017 Published By : Tom Whipple
Category:
  • Climate

2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% Continue Reading

Posted On : 29 Aug 2017 Published By : Tom Whipple

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