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Month: May 2019

Category:
  • exports

Oil Tanker Collision In Houston Causes Leak, Closes Critical Port

A collision between an oil tanker and a tug boat in the Houston Ship Channel on Friday caused a capsizing and an oil derivative leak. The tug boat, according to reports, Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • exports

Houston Ship Channel partially open to traffic; inbound queue of vessels mounts

The Houston Ship Channel remained partially open to both inbound and outbound traffic Monday, three days after a collision between a tanker and a tug shut the key waterway, a Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Electric Cars

U.S. faces hurdles in push to build electric vehicle supply chain

The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country’s metal reserves largely unknown Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Climate

The Marijuana Industry’s Dirty Little Secret

The cannabis industry is hiding a dirty little secret. According to Evan Mills , a California-based energy and climate change scientist, the marijuana industry has a major problem…and it’s likely Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Shale Oil

The Star Permian Basin Sends US Shale Production Up, Up And Away

US oil production from the top seven major shale plays is set to reach new record heights in June, according to the US Energy Information Administration’s latest edition of its Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Russia

Hungary’s MOL says to stockpile contaminated Russian crude

Hungarian oil group MOL will stockpile around 100,000 tonnes of contaminated Russian crude and, like other companies, make it usable by adding clean oil, the company said in a statement Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Russia

Russia’s Rosneft looks to cut net debt by $2-$3 billion in second-quarter

Russian oil giant Rosneft plans to cut its net debt by $2-$3 billion in the second quarter, company managers told a conference call on Monday, adding sanctioned Venezuelan state oil Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Russia

Russia’s Oil Production Dips To Below OPEC+ Quota

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow is finally within Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Europe
  • LNG

Europe Bailed Out by Cheap LNG

In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and increasing reliance on imports. For hundreds of energy Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple
Category:
  • Russia

Russia’s Rosneft Boosts Q1 Net Profit On Higher Prices, Production

Russia’s largest oil producer, Rosneft, reported on Monday a higher net income in the first quarter compared to both the fourth quarter of 2018 and Q1 2018, thanks to higher Continue Reading

Posted On : 14 May 2019 Published By : Tom Whipple

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