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Month: February 2019

Category:
  • Venezuela

As Venezuela’s opposition mounts another day of protest, Maduro’s inner circle remains intact

Venezuelans on Tuesday fed a wave of discontent seeking to drive President Nicolás Maduro from office, turning out into the streets in massive protests. But even as the opposition hailed Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • China
  • Coal

China approves new coal mine project in Inner Mongolia region

China’s state planner said on Wednesday it had approved a new coal mine project in Inner Mongolia region with total investment at 3.37 billion yuan ($499.19 million) ** The coal Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Railroads
  • USA

California will not complete $77 billion high-speed rail project: governor

California Governor Gavin Newsom said on Tuesday the state will not complete a $77.3 billion planned high-speed rail project but will finish a smaller section of the line. “The project, Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Refining
  • USA

One of the oldest U.S. refineries in trouble again in Philadelphia: court filings

Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy, according Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Iran
  • USA

U.S. oil output to hit new record above 13 million bpd in 2020: EIA

U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Shale Oil

Occidental Petroleum profit beats on Permian strength

Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts’ estimates, helped by a surge in Permian basin production and higher realized prices for its crude. Production from Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Natural Gas Supply

U.S. natgas output, demand seen rising to record highs in 2019

U.S. dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day (bcfd) in 2019 from a record high of 83.26 bcfd in 2018, Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Prices
  • Shale Oil
  • USA

Exchange giants take their rivalry to Texas as shale oil booms

The world’s two biggest energy exchanges have taken their fierce rivalry to Houston, Texas in pursuit of business linked to the millions of barrels of shale oil arriving in the Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Oil Supply
  • p-
  • USA

Short-Term Energy Outlook

Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple
Category:
  • Oil Supply
  • Shale Oil

Texas Oil Production Breaks New Record

The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Continue Reading

Posted On : 13 Feb 2019 Published By : Tom Whipple

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