Why 2020 Could Be a Year of Escalation With Iran
After the dramatic cruise missile and drone attacks on Saudi oil facilities at Abqaiq and Khurais on Sept. 14, the provocations by Iran and its proxies against Saudi Arabia and Continue Reading
Nigeria’s LNG capacity to grow by 35% with Bonny plant expansion
Nigeria’s planned Train-7 project, part of its expansion at the Bonny LNG plant, has received a full investment decision, operator Nigeria LNG said Friday. The project, expected to start up Continue Reading
China’s industrial profits grow at fastest in eight months, but sustained recovery uncertain
Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year. China’s Continue Reading
Bills Come Due for China’s Local Governments
For decades, local governments in China borrowed heavily to build urban infrastructure, helping to fuel the country’s red-hot economic growth. Now, they are under pressure to pay the bill, adding Continue Reading
On land, Australia’s rising heat is ‘apocalyptic.’ In the ocean, it’s worse.
Even before the ocean caught a fever and reached temperatures no one had ever seen, Australia’s ancient giant kelp was cooked. Rodney Dillon noticed the day he squeezed into a Continue Reading
Tesla Scores Landmark Deal For Chinese Factory
Tesla has secured a loan of $1.29 billion from a group of four Chinese lenders that it will use for its car factory in Shanghai, Reuters reports , citing a Continue Reading
U.S. Oil and Natural Gas Wells by Production Rate
Introduction Technological innovation in drilling and production has caused rapid growth in U.S. oil and natural gas production during the past few years. One way of developing deeper insight into Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending December 20, 2019 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending December 20, 2019, Continue Reading
US Oil Rig Count Falls In Last Week Of 2019
The final US oil and gas rig count for the year decreased this week, according to Baker Hughes, reaching 805 rigs after decreasing by 8 for the week, according to Continue Reading
US working natural gas in underground storage decreases by 161 Bcf: EIA
US working gas volumes in storage plummeted by 161 Bcf last week due to colder weather and tighter supply, but the balance-of-winter strip tanked further during Friday trading as much Continue Reading