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Month: January 2018

Category:
  • China
  • Iran

US to discuss Iran sanctions waiver; Iranian oil tanker ablaze after collision with Chinese vessel

All eyes will be on developments in Iran this week, with the US set to decide January 12 whether to issue a waiver suspending sanctions. Street protests have yet to Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • China

China Is About To Shake Up Oil Futures

he “huge story”, as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • IEA

Bioplastics Threaten Big Oil

What sector will account for the largest source of oil demand growth over the next two decades? Most people might assume transportation, with hundreds of millions of people in the Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump Proposes Most Aggressive Offshore Drilling Plan Ever

The Trump administration just proposed the most sweeping offshore drilling plan in history, a proposal that calls for opening up the Arctic, Atlantic and Pacific Oceans for drilling, while also Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • USA

U.S. oilfield service firms dust off IPO plans as crude prices surge

U.S. oilfield service companies are gearing up for initial public offerings, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • Australia
  • Climate
  • USA

U.S. and Australia Battered by Opposing Weather Extremes

Temperature extremes across the globe spanned more than 85 degrees Celsius at the weekend as Sydney melted and parts of the U.S. froze. Western Sydney touched 47.3 degrees Celsius (117 Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • Europe

Europe Becomes Victim of Russia’s Newest Oil Strategy

Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest stage Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Oil Scores Best Opening Week in Half a Decade

Oil had its strongest opening week for any year since 2013 as refiners and exporters whittled away at crude inventories tucked away in U.S. storage tanks.  Futures rose 1.7 percent this Continue Reading

Posted On : 6 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Oil Rally Falters As Traders Seize Profits

After a strong start to 2018, oil prices fell back slightly on Friday morning. While geopolitical tensions and strong inventory drawdowns were the main culprits for the rise in prices, Continue Reading

Posted On : 6 Jan 2018 Published By : Tom Whipple
Category:
  • Prices

Oil retreats on U.S. output rise after hitting near 2-year high

Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was driven by tightening supply Continue Reading

Posted On : 6 Jan 2018 Published By : Tom Whipple

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