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Month: December 2017

Category:
  • China
  • Venezuela

China’s Sinopec sues Venezuela in sign of fraying relations

Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • China
  • Venezuela

Sinopec sues as China loses patience with Venezuela

One of China’s biggest state-owned oil companies is suing its Venezuelan counterpart in a US court, in a sign that Beijing’s patience over unpaid debts is running out as the Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • China

China’s Push to Trade Oil in Yuan Faces a Key Hurdle

China’s moves to set up trading oil in yuan have sparked enthusiasm about what could be a shift in the global financial system: a reduced role for the U.S. dollar. Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • exports
  • Shale Oil
  • USA

More U.S. oil export capacity in the works

A gas pipeline running from Texas shale could be converted to send oil to the Gulf Coast by the start of the next decade, Enterprise Products Partners said. The company Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • LNG
  • USA
  • Venezuela

Next foreign influence target of U.S. LNG is Venezuela

Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said. Polish Oil and Gas Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • USA

Summary of Weekly Petroleum Data for the Week Ending December 1, 2017

U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending December 1, 2017, 192,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • OPEC
  • USA

The Drastic Drop Off In U.S. Oil Imports

While the dust may now have settled on last week’s OPEC meeting, the cartel’s impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • Australia
  • Renewables

Toyota will build the first megawatt-scale hydrogen fuel and renewable generation plant

Toyota will build the first megawatt-scale hydrogen fuel and renewable generation plant, setting a new energy benchmark that experts hope with pave the way for Australia’s hydrogen industry. Toyota North Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • Shale Gas

Appalachian Basin Produces More Natural Gas Than Any OPEC Country

This week in one of their daily Today In Energy columns, the Energy Information Administration highlighted the tremendous growth of natural gas production in the Appalachian Basin: Shale gas production in the Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple
Category:
  • Electric Cars
  • Europe

Investors wean themselves off oil as electric future beckons

European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of Continue Reading

Posted On : 7 Dec 2017 Published By : Tom Whipple

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