What’s Keeping Oil From Rallying To $75?
WTI recently hit $60 per barrel for the first time since November, driven higher by the OPEC+ cuts, as well as by outages in Venezuela and Iran. Those supply cuts Continue Reading
LNG supply glut, price slump should raise questions over future projects: Russell
The slump in the spot price of liquefied natural gas (LNG) in Asia to its lowest in three years should give pause for thought to the slew of companies planning Continue Reading
How Big Oil Could Become Big Electricity
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Continue Reading
More shale, who cares? Saudi Arabia pushes for at least $70 oil
Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit Continue Reading
China’s Q2 gasoline exports may dip on turnarounds, domestic demand: survey
China’s gasoline exports will likely fall in the second quarter as a slew of state-owned refineries are scheduled to undergo heavy maintenance in the coming months, while the recovery in Continue Reading
PetroChina expects its Venezuelan crude imports to fall 33% to 10 mil mt in 2019
PetroChina Ltd, the listed subsidiary of state-owned CNPC, expects its crude imports from Venezuela to drop by about a third to around 10 million mt (about 186,000 b/d) in 2019 Continue Reading
Russian air force planes land in Venezuela carrying troops: reports
Two Russian air force planes landed at Venezuela’s main airport on Saturday carrying a Russian defense official and nearly 100 troops, according to media reports, amid strengthening ties between Caracas Continue Reading
U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude
U.S. sanctions on Venezuela’s oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are Continue Reading
What Norway’s Decision To Divest Means For US Shale
After months of deliberations, Norway’s government proposed in March that the country’s US$1-trillion fund—the world’s biggest sovereign wealth fund—divest from oil and gas exploration companies. The move by the fund, Continue Reading
Petrochemical leak keeps stretch of Houston port closed a third day
Ship traffic was halted for a third day on Sunday along a key stretch of the United State’s busiest oil port as emergency workers siphoned fuels from the Houston Ship Continue Reading