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Month: July 2018

Category:
  • China

Residents evacuated, boats moored as Typhoon Maria approaches China

Residents were evacuated and boats were back in harbor in east China Tuesday, as Typhoon Maria, the eighth typhoon this year, approached the Chinese coast. Maria is forecast to bypass Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • China

China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • Canada

OPEC to Canada: Build pipelines or watch investment flow south

The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States. The Canadian government Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • USA

U.S. oil output to edge above 12 million bpd late 2019: EIA

U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first time ever, the U.S. Energy Information Administration said in Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • Prices

Higher oil prices means higher gas prices

 Consumer demand strains and the lack of extra oil on the global market mean retail gas prices in the United States continue to climb, analysts said. Motor club AAA lists Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • Shale Oil

Oil’s New Technology Spells End of Boom for Roughnecks

He was almost right. The work came back. But Mr. Neece’s former job as a well logger—measuring well conditions thousands of feet underground—was gone. Those duties are increasingly being overseen Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

A Storm Is Brewing For U.S. Oil Exports

On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude imports by as much as possible. China is Tehran’s biggest oil buyer, and Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • Prices
  • USA

Oil Prices Rise Further After API Reports Crude, Gasoline Draw

The American Petroleum Institute (API) reported yet another major draw of 6.796 million barrels of United States crude oil inventories for the week ending July 7 compared to analyst expectations Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • Shale Oil

West Texas Sand Currently Bringing in Billions

There is perhaps no industry that better captures the money-multiplying effect of the Permian boom. (Bloomberg) — Standing high on top of a windswept dune in the West Texas plains, Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple
Category:
  • LNG

CME, Cheniere To Develop First US LNG Futures Contract

 CME Group Inc said on Tuesday it will develop the first physically deliverable U.S. liquefied natural gas futures contract as growing worldwide demand has made the United States a key Continue Reading

Posted On : 11 Jul 2018 Published By : Tom Whipple

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