Venezuelan army to keep PdV tankers on course
Venezuelan army troops have been deployed aboard 15 oil tankers owned by state-owned PdV to fend off mutinies and ensure that cargoes destined mainly for Cuba are delivered, according to Continue Reading
Chinese Oil Buyers Shun U.S. Crude
Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as quoted by Reuters, amid the Continue Reading
China says U.S. needs to correct wrong actions to continue trade talks
The United States needs to correct its wrong actions if it wants to continue negotiations with China to end a damaging tariff war, China’s Commerce Ministry said on Thursday, adding Continue Reading
Next round of U.S. tariffs on China at least a month away: Mnuchin
The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Continue Reading
U.S. crude stocks highest since July 2017 on weak refining demand: EIA
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration said on Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending May 17, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending May 17, 2019, Continue Reading
Natural Gas Prices In The Permian Flip Negative Again
Natural gas prices at the Waha hub in West Texas are negative again this week, for the first time since plunging to an all-time low of minus $4.28 per million Continue Reading
Occidental To Remove CO2 From Air, Use It To Boost Oil Recovery In The Permian
A subsidiary of Occidental and Canadian clean energy company Carbon Engineering are teaming up to build the world’s biggest Direct Air Capture (DAC) and sequestration facility in the Permian that Continue Reading
Top 2019 US Oil Stock Has No Permian Stake
This year’s top-performing U.S. oil producer doesn’t have any operations in the world’s fastest-growing shale play. (Bloomberg) — This year’s top-performing U.S. oil producer doesn’t have any operations in the Continue Reading
Virtual Pipelines: A Dangerous New Way to Transport Fracked Gas by Truck
For several years a mysterious fleet of tractor trailers loaded with natural gas cylinders has been crisscrossing U.S. roads, and in the dark early morning hours on Sunday, March 3, Continue Reading