Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending April 19, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending April 19, 2019, Continue Reading
Murphy Uses ‘War Chest’ to Sharpen Deepwater GOM Focus
A month after unveiling plans to divest assets in Malaysia, Murphy Oil Co. is sharpening its focus on the deepwater Gulf of Mexico. A month after unveiling plans to divest Continue Reading
After years of progress, the number of Americans breathing polluted air is rising, report says
How deadly is air pollution? 01:07 (CNN)More Americans are breathing air that will make them sick, according to the American Lung Association’s annual State of the Air report. The country Continue Reading
US oil companies grasp at Permian Basin’s Iron Throne
Assets in the Permian Basin are the US oil industry’s equivalent of the Iron Throne in the TV show Game of Thrones: they are the prize that everyone covets. Occidental Continue Reading
Typical Worker’s Pay Nears $200,000 at Oil Refiner
It was a fruitful year for the rank and file at oil-and-gas companies, from Exxon Mobil Corp. to Phillips 66. Oil-and-gas drillers and refiners had some of the highest-paid median Continue Reading
Is This A Gamechanger For The Lithium Industry?
2018 was a terrible year for commodities, but few sectors fared as badly as lithium. The crucial battery metal, also known as “White petroleum” , struggled through a 50 percent Continue Reading
Cheaper, Cleaner Biofuel May Be Right Around The Corner
By combining an unorthodox solvent and a genetically engineered bacterium, a team of researchers at Worcester Polytechnic Institute (WPI) in Worcester, Massachusetts has discovered a groundbreaking method for producing biofuels Continue Reading
Analysis: South Texas summer gas prices face upside risk on rising exports
South Texas gas hubs could be facing upside price risk during the approaching summer months as rising export demand from Mexico and LNG feedgas keep the region’s supply under pressure. Continue Reading
Electric Commercial Vehicles, a ten year update – Part 2
Over ten years ago on April 9, 2009 the original article “Electric Commercial Vehicles” was posted at The Oil Drum web site. In Part 1 of this ten year update Continue Reading
Electrify America collaborating with nine additional companies to host more than 30 ultra-fast electric vehicle charging stations
Electrify America announced collaborations with nine additional companies to host more than 30 ultra-fast electric vehicle charging stations across the US. The companies, ranging from popular grocery store chains to Continue Reading
Ford makes $500M minority investment in Rivian; next-gen Ford EV on Rivian skateboard
Ford Motor Company has made a $500-million minority equity investment in electric vehicle maker Rivian ( earlier post ). In addition to the investment, the companies have agreed to work Continue Reading
Trump May Waive US Ship Mandate for Natural Gas
President Donald Trump is seriously considering waiving the requirement that only U.S.-flagged vessels can move natural gas from American ports to Puerto Rico or the Northeast, according to people familiar Continue Reading
The US Chamber of Commerce’s “New” Take on Climate Change
The climate is changing, and humans are contributing to these changes. We believe that there is much common ground on which all sides of this discussion could come together to Continue Reading
Russia stands to gain amid Syria energy crisis
Taxi drivers push cars that ran out of fuel to a petrol station in Damascus on April 16. Syria has been forced to adopt new measures to curb fuel shortages Continue Reading
Climate-change protesters target London Stock Exchange and Canary Wharf
Environmental activists glued themselves to the London Stock Exchange and climbed onto the roof of a train at Canary Wharf on the final day of protests aimed at forcing Britain Continue Reading
Russian government to hold meeting on oil quality as problems worsen: sources
Russian government officials will hold a meeting on Thursday to discuss oil quality issues after Poland and Germany halted imports of Russian crude via a major pipeline, two industry sources Continue Reading
Crude oil futures fall after IEA says market is ‘adequately supplied’
Crude oil futures slipped in mid-morning trade in Asia Wednesday after the International Energy Agency said the global oil markets are “adequately supplied” and US crude inventories climbed. At 10:32 Continue Reading
Oil falls from 6-month high on signs market not as tight as feared
Oil prices fell on Wednesday after a report allayed concerns about tightening supply, ending a rally that took prices to their highest since early November on concerns that OPEC output Continue Reading
Global spare oil production capacity at ‘comfortable levels’: IEA
Global oil markets are adequately supplied with “comfortable” levels of spare production capacity, according to the International Energy Agency, ahead of US moves to tighten its oil sanctions on Iran Continue Reading
Oil Wobbles After API Reports Crude, Gasoline Build
The American Petroleum Institute (API) reported a build in crude oil inventory of 6.86 million barrels for the week ending April 19, coming in over analyst expectations of a 167,000-barrel Continue Reading
Oil Hits 2019 High On Iran Sanctions
Energy accounts for 12 percent of the value of all U.S. exports to Mexico, and 5 percent of all U.S. imports from Mexico last year. – Historically, Mexico has exported Continue Reading
Losing Arctic Ice and Permafrost Will Cost Trillions as Earth Warms, Study Says
Thawing permafrost releases methane and carbon dioxide, greenhouse gases that further exacerbate global warming. Credit: National Park Service Arctic warming will cost trillions of dollars to the global economy over Continue Reading
Iraq, Saudi Arabia ready to up oil output as US cuts off Iran waivers
Iraqi President Barham Salih, right, walks with visiting Iranian President Hassan Rouhani, after inspecting an honor guard at Salam Palace, Baghdad, March 11, 2019. (AP Photo/Khalid Mohammed) Iraq and Saudi Continue Reading
Sanctions on Iranian oil bring U.S. drivers pain at the pump
American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks Continue Reading
U.S. making a mistake politicizing oil: Iran oil minister
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Continue Reading
Gulf OPEC members ready to raise output if there is demand: sources
Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see Continue Reading
The Biggest Winner Of Trump’s Waiver Decision
The Saudi state news agency reported today that the Kingdom is happy with Washington’s decision to not extend the waivers for Iran oil sanctions that it had granted to eight Continue Reading
OPEC has the spare capacity to offset Iran’s oil supply losses, but does it have the will?
Highlights US sanctions aim at Iran’s 1.2 million b/d crude exports IEA pegs OPEC spare capacity at 3.30 mil b/d OPEC/non-OPEC quotas provide less cushion London — The looming lapse Continue Reading
Aramco’s bond is ‘only the beginning’, Saudi energy minister says
Saudi Aramco, the world’s biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was “only the beginning”, Saudi Energy Continue Reading
Saudi’s Falih: no need for immediate action after end of Iran oil waivers
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added Continue Reading
Trump’s Iran Decision Could Kill The OPEC+ Deal
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts. The Wall Street Journal Continue Reading
Iran will ‘not remain silent’ in response to ‘US hostilities’: Khamenei
Tehran — Supreme Leader Ali Khamenei said Wednesday Iran will “not remain silent” and will respond after the US said it intends to impose “maximum economic pressure” on Tehran through Continue Reading
Nigeria: OPEC Harps On Importance of Dangote Refinery to Global Stability
The Organisation of the Petroleum Exporting Countries (OPEC), is upbeat at the prospect of the Dangote Oil Refinery, in driving world crude oil refining capacity increase especially in Africa by Continue Reading
Why the US is sanctioning Venezuela
Venezuela is suffering a humanitarian crisis after its economy crashed and was rocked by hyperinflation. Juan Guaidó claimed the interim presidency in an attempt to oust the sitting President Nicolás Continue Reading
Mexico president says plan to counter fuel theft saves 12 billion pesos
Mexican President Andres Manuel Lopez Obrador said on Tuesday that a government drive to stamp out fuel theft launched days after his administration took office had generated savings of 12 Continue Reading
U.S. Energy Exports To Mexico Go Into Overdrive
Amid the differences between the U.S. and Mexico recently, including different views over immigration and trade, relations in the energy patch continues to expand. In fact, energy trade represented 12 Continue Reading
Mexico is unlikely to replace Venezuelan, Iranian heavy crude barrels: analysts
Highlights New fields under development will yield light crude Mexico aims to increase domestic crude refining, curbing heavy exports Pemex needs a significant financial boost to achieve its output potential Continue Reading
China coal investments unpopular in ‘new Silk Road’ nations: poll
People living in countries along China’s new “Silk Road” favor investment in renewable energy over the construction of coal-fired power plants, according to a poll released on Wednesday ahead of Continue Reading
Apache cuts back production of Permian gas because of pricing
Houston’s Apache Corp. said Tuesday it will dramatically cut back on its natural gas production in the Permian Basin for an extended period of time because of steep pricing discounts Continue Reading
Washington legislature sends governor his 100% clean energy bill
Highlights Bill requires utilities to eliminate coal-fired power by December 31, 2025 Washington would become fourth state to mandate 100% emissions-free power Washington — The Washington State Senate approved and Continue Reading
US natural gas in storage forecast to increase by 90 Bcf: survey
Highlights Deficit to five-year average to shrink for sixth consecutive week Henry Hub continues plummet during mild April Denver — Henry Hub futures and spot prices continued to drop Tuesday Continue Reading
Crude-by-rail vapor standards bill heads to Washington governor’s desk
Highlights Governor’s plans still uncertain: spokeswoman Despite changes, North Dakota plans to sue Washington — A bill that could dramatically impact roughly 150,000 b/d of crude-by-rail traffic to refineries in Continue Reading
Why Gasoline Prices Could Be About To Rocket
A week before the U.S. announced it was ending sanction waivers for all Iranian oil customers, U.S. President Donald Trump had a phone call with Libya’s eastern strongman Khalifa Haftar Continue Reading
Survey: Canada’s Government To Blame For Oil Crisis
The provincial government of Alberta and the federal government of Canada are the culprits behind the continuing problems of the country’s oil industry, which have now swelled to the size Continue Reading
Discounted Permian gas sees potential lift from Wahalajara startup
Heavily discounted Permian Basin gas could soon access downstream markets in Mexico, following the recent startup of incremental gas deliveries to Fermaca’s Wahalajara pipeline system. Receive daily email alerts, subscriber Continue Reading
Does Germany’s LNG Strategy Make Sense?
Europe’s largest economy is going through a monumental change due to the energy transition or ‘Energiewende’ as it’s called in Germany. Over the years significant amounts of private sector money Continue Reading
Putin Loses Popularity As He Raises Taxes And Rewards Oil Companies
Mock headstones for President Vladimir Putin are the latest signal that Russian citizens are unhappy with this year’s tax hikes, according to Meduza, , with Putin’s polling numbers taking a Continue Reading
Crude oil futures rise on supply woes after Iran sanction waivers end
Crude oil futures rose in mid-morning trade in Asia Tuesday amid heightened concerns over supply uncertainties after the US announced that it would not extend waivers to Iranian sanctions after Continue Reading
Oil races to near six-month highs on Iran sanctions, stocks rise
World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major Continue Reading
What Oil Shortage? Just a Case of Supply Being Redistributed
Last April, Iran exported about 2.5 million barrels of oil per day (mbpd) before President Donald Trump decided to withdraw from the nuclear deal with Tehran. Sanctions were then placed Continue Reading