Saudi Aramco May Unveil Financials In Early 2018
If Saudi authorities decide this year which foreign stock market will be the venue of what would be the biggest IPO in history, and if the government finalizes energy subsidy Continue Reading
New offensive aims to retake western Anbar
Iraqi security forces are launching an offensive to dislodge the self-proclaimed Islamic State (IS) from the western part of Anbar province – the largest remaining swath of Iraqi territory controlled Continue Reading
Oil Traders Empty Key Crude Storage Hub
Companies said to be selling crude from Saldanha Bay in Africa Brent crude time-structure strengthens, encouraging sales Oil traders are emptying one of the world’s largest crude storage facilities, located Continue Reading
Summary of Weekly Petroleum Data for the Week Ending September 15, 2017
U.S. crude oil refinery inputs averaged about 15.2 million barrels per day during the week ending September 15, 2017, 1.1 million barrels per day more than the previous week’s average. Continue Reading
Will The White House Prevent Rosneft From Buying Citgo?
Senators have pressed the Trump Administration to review the chances of Russia’s Rosneft acquiring Venezuela’s PDVSA and its U.S. business, Citgo. Marco Rubio and Bob Menendez believe a change in Continue Reading
EIA Report Kills Bullish Sentiment
Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week Continue Reading
Has The EIA Been Overestimating Oil Production?
The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only shale Continue Reading
Harvey makes landfall in Texas, but drilling returns remain strong
Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates Continue Reading
Platts plans to publish U.S. crude prices in Asia as imports rise
Oil pricing agency S&P Global Platts said on Thursday it planned to publish U.S. crude prices during the Asia market close from December after U.S. exports to the region rose. Continue Reading
California cities sue big oil firms over climate change
California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, Continue Reading