Will China Impose Tariffs On U.S. LNG?
It’s too early to declare winners and losers over increasing trade tensions between the U.S. and China. In fact, trade disputes are never a zero-sum game with clearly defined winners Continue Reading
Exclusive: China’s Unipec to resume U.S. oil purchases after tariff policy change
China’s Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade dispute between the world’s two largest economies, three sources with knowledge Continue Reading
US-China trade negotiations end with little progress
US and Chinese officials have ended two days of talks aimed at easing trade tensions without a clear breakthrough, ensuring the commercial dispute between Washington and Beijing that is roiling Continue Reading
Is Renewable Energy As Clean As We Think?
Fossil fuel energy has understandably become the clay pigeon of environmentalists in the past decades – with oil & gas companies having lied too often about the impact of their Continue Reading
Analysis: Haynesville, Permian producers revive Texas output
Highlights Output nears three-year high at 20 Bcf/d Permian constraints could curb statewide growth Houston — Texas natural gas production has found new momentum in August, breaking above 20 Bcf/d Continue Reading
why do political and economic leaders deny peak oil and climate change?
Since there’s nothing that can be done about climate change, because there’s no scalable alternative to fossil fuels, I’ve always wondered why politicians and other leaders, who clearly know better, Continue Reading
This Super Basin Is About To Make An Epic Comeback
Alaska’s North Slope is a “Super Basin” awaiting a “resurgence” in oil production, according to a new report. Over the next eight years, oil production could rise by 40 percent. The Continue Reading
Canadian oil exports by rail nearly doubled
A Canadian energy regulator reported the average daily amount of crude oil exported by rail has nearly doubled from the previous year. Canada designates nearly all of its oil exports Continue Reading
U.S. Sanctions Wreak Havoc On Russia’s Oil Industry
The U.S. sanctions on Russia have affected investment in Russian oil and gas exploration projects, U.S. officials say, while Congress is considering further sanctions on the energy and banking sectors Continue Reading
Crude oil futures drift lower, giving back gains; ICE Brent down to $74.36/b, NYMEX WTI $67.70/b
London — Crude oil futures drifted downwards in European morning trading Thursday, giving back some of the previous day’s gains after a larger-than-expected crude stockdraw in the US had pushed Continue Reading
Oil slips as trade dispute outweighs U.S. stock decline
Oil prices slipped on Thursday as an escalating trade dispute between the United States and China outweighed the bullish impact of a decline in U.S. commercial crude inventories. Benchmark Brent Continue Reading
Oil jumps 3 percent on big U.S. crude draw, Iran sanctions
Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S. government data showed a larger-than-expected draw in crude inventories and as Washington’s sanctions Continue Reading
‘Peak Coal’ is Getting Closer, Latest Figures Show
Total global coal capacity continues to inch up, but a peak is on the horizon. In the first half of 2018, retired capacity has nearly matched newly operating plants and Continue Reading
Exclusive: Aramco listing plan halted, oil giant disbands advisors – sources
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said Continue Reading
Iran threatens to hit U.S., Israel after Trump aide warns of ‘maximum pressure’
Iran warned on Wednesday it would hit U.S. and Israeli targets if it were attacked by the United States after President Donald Trump’s security adviser said Washington would exert maximum Continue Reading
China Shipowners Shunning Iranian Oil as U.S. Sanctions Near
China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade. All Continue Reading
Saudi Arabia insists Aramco IPO remains on course
Saudi Arabia has insisted that it remains committed to an initial public offering of national oil company Saudi Aramco, but said the listing would go ahead “at a time of Continue Reading
Iranians feeling ‘imprisoned’ in their country as Trump sanctions bite
With the Trump administration reimposing sanctions aimed at cutting off Iran economically from the world, it’s the Iranian people who are feeling isolated. Airfares to foreign destinations favored by Iranian Continue Reading
Why The Saudis Are Still Dominating Oil Markets
The narrative that decisively took hold over the oil market in August was one of cracks in emerging market demand, concerns over the health of the global economy and fears Continue Reading
Kuwait Looks To Settle Oil Field Disputes With Saudis, Iraq Soon
Kuwait expects to soon sign deals on the development of the oil fields that it shares with its neighbors Saudi Arabia and Iraq, official Kuwait News Agency (KUNA) quoted Oil Continue Reading
Oil Rallies, But This Country Can’t Sell Its Crude
Thirty crude oil cargoes are sitting in Nigeria and waiting for buyers, Reuters reports, citing trading sources who added that the cargoes were part of the country’s loading schedule for Continue Reading
Venezuela’s PDVSA preparing to hike domestic fuel prices in September
Caracas, Venezuela — Venezuelan state oil company PDVSA is preparing to increase fuel prices in the domestic market in September after two decades of frozen rates and millions of dollars Continue Reading
Mexico’s López Obrador to Halt Oil Auctions for Two Years
The incoming administration won’t propose changes to Mexico’s Constitution, which was amended in 2013 to allow for private investment in oil and gas, but will use its majority in Congress Continue Reading
Guilty Plea Entered In Billion-Dollar PDVSA Money Laundering Case
Krull, formerly managing director and vice chairman of Swiss bank Julius Baer, pleaded guilty to one count of conspiracy to commit money laundering, and is now expected to be sentenced Continue Reading
U.S.-China trade war escalates as new tariffs kick in
The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from Continue Reading
China imposes 25% tariffs on US oil products
China on Thursday implemented tariffs on a second tranche of US goods, targeting oil products and coal for the first time, in retaliation to US tariffs effective the same day Continue Reading
China’s thermal coal demand may rise 140 mil mt, pushing up seaborne coal market: report
Hunan, China — China might see a 140 million mt increase in raw coal demand should the currect rate of growth in thermal power continue in months to come, giving Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending August 17, 2018 U.S. crude oil refinery inputs averaged 17.9 million barrels per day during the week ending August 17, 2018, Continue Reading
Canada’s ultra-cheap natural gas drives hopes of petrochemical boom
Canada’s gas-rich province of Alberta is looking to recreate the building boom spreading along the U.S. Gulf Coast, where inexpensive natural gas generated billions of dollars in investment by petrochemical Continue Reading
U.S. crude stocks draw down as refining runs hold near record high: EIA
U.S. crude oil stockpiles fell more than expected last week as imports declined and refinery runs held close to record highs, while gasoline and distillate inventories rose, the Energy Information Continue Reading
Cogent Midstream latest operator to add Permian gas processing capacity
Highlights 200 MMcf/d facility expected to start up in 2019 Private equity groups seizing shale opportunities Houston — Another private equity-backed midstream operator is expanding its natural gas operations in Continue Reading
US EIA says US Gulf Coast gasoline stocks build as refining holds above historic norms
Stocks of gasoline on the US Gulf Coast rose in the week ended August 17 amid weaker national demand and strong regional refinery runs, US Energy Information Administration data showed Continue Reading
Daycare Waiting Lists Hurt Local Permian Communities
More than 1,400 children were on daycare waiting lists in Midland and the surrounding area earlier this year, according to the latest available data. (Bloomberg) — The West Texas sun Continue Reading
EIA: US Crude Stocks Draw Down As Refining Runs Hold Near Record High
NEW YORK, Aug 22 (Reuters) – U.S. crude oil stockpiles fell more than expected last week as imports declined and refinery runs held close to record highs, while gasoline and Continue Reading
Energy Is A Breaking Point In NAFTA Deal
Oil and gas is proving to be a sticking point in the NAFTA renegotiations, with the incoming Mexican president hoping to exclude the chapter on energy from the trade deal. Continue Reading
More Mexican Nat Gas Pipelines To Ease Permian Constraints
The ongoing expansion of the U.S.-Mexico cross-border natural gas pipeline capacity provides an additional outlet for the constrained Permian production in West Texas, but delays in some projects on the Continue Reading
After Trump attack on Russia ties, Merkel eyes Azeri gas
Castigated by U.S. President Donald Trump as relying too much on Russian gas supplies, German Chancellor Angela Merkel heads to Azerbaijan this week to discuss the development of a southern Continue Reading
Northwest European commodities markets brace for Rhine transport issues to worsen
Already tough transport conditions for barges operating on the River Rhine look set to worsen in the coming weeks, fueling concerns over the supply of commodities such as oil products, Continue Reading
Crude oil futures tick higher on US stock draw; ICE Brent up at $73.32/b, NYMEX WTI $66.39/b
Crude oil futures tracked upwards in the European morning session Wednesday following a stronger than expected draw in US crude stocks and with the market continuing to focus on the Continue Reading
Oil tops $73 on report of U.S. inventory drop, Iran sanctions
Brent oil rose more than $1 a barrel on Wednesday, trading above $73 as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer Continue Reading
Oil Prices Rise After API Reports Large Crude Draw
The American Petroleum Institute (API) reported an extra-large oil inventory draw of 5.17 million barrels of United States crude oil inventories for the week ending August 18, compared to analyst Continue Reading
Iraq’s southern oil exports head for record high in August: sources
Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on Continue Reading
OPEC Revenues Fact Sheet
OPEC net oil export revenues The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $567 billion in net oil Continue Reading
Kuwait expects oil exporters to agree on mechanism to monitor supply
OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakhit al-Rashidi said Continue Reading
Venezuelans Skeptical of Maduro’s Latest Measures to Salvage Economy
When Henrique Rosales got to the automated-teller machine on Tuesday to withdraw Venezuela’s new currency, he found it dispensed a maximum of 10 sovereign bolivars a day, the equivalent of Continue Reading
Chinese traders ditch cheap U.S. coal for domestic supply as tariffs loom
Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to Continue Reading
This Vital Oil And Gas Choke Point Could Be At Risk
Beijing is taking to task a Pentagon report , ”Military and Security Developments Involving the People’s Republic of China 2018” released last Thursday on China’s military activities. The annual report Continue Reading
U.S. gasoline consumption flat, growth switches to diesel
Rising fuel costs have dampened gasoline demand from private motorists in the United States, leaving the market relying on continued economic and freight expansion to boost oil use. U.S. traffic Continue Reading
Relief at the gas pump finally coming
U.S. consumer demand for gasoline is slowing down and that should start bringing relief to travelers ahead of the next major holiday, analysts said. Moto club AAA reported a national Continue Reading
Trump rolls back Obama-era guidelines on coal
U.S. President Donald Trump heads for a rally in coal-rich West Virginia as his EPA readies for a roll back on rules targeting coal as a power source. File Photo Continue Reading