Why The Coronavirus Is A Real Threat To Oil Markets
It impairs your breathing, causes extreme fatigue and fevers. It kills. And beyond that, it’s keeping oil prices low by threatening to stifle oil demand in one of the world’s Continue Reading
Australia may seek to impose nationwide natural gas reservation policy
Australia’s federal government may seek a national gas reservation policy that could have ramifications for the country’s LNG exports at a time when it has become the largest LNG exporter Continue Reading
Analysis: Indonesia may increasingly favor US crude as Jakarta tightens belt
Jakarta slashes Pertamina’s crude import quota by 30 million barrels WTI trades at discount to light sweet Malaysian, Brunei grades Local refineries directed to use more domestic crude The Indonesian Continue Reading
China’s 2019 oil product exports jump 20% on year; 99% of export quotas utilized
China’s oil companies lifted exports of oil products — gasoline, gasoil and jet fuel — by 20.2% on the year to 55.36 million mt in 2019, having utilized 98.9% of Continue Reading
WHO says ‘bit too early’ to declare coronavirus a global emergency
The World Health Organization (WHO) said on Thursday it was “a bit too early” to declare a new coronavirus a global health emergency as China put millions of people on Continue Reading
EPA Releases New Clean-Water Rules Scaling Back Federal Oversight
The Environmental Protection Agency released new federal clean-water regulations Thursday that are less restrictive than those adopted under the Obama administration, eliminating many seasonal streams, small waterways and wetlands from Continue Reading
U.S. LNG Booms As Natural Gas Prices Crash
Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle Continue Reading
US crude stocks show counter-seasonal draw amid strong refinery demand
Highlights US crude stocks slip 400,000 barrels to 428.11 million barrels Refinery utilization at 90.5% of capacity, but crude inputs hold USGC product glut sparks interest in Jones Act vessel Continue Reading
Union Pacific Q4 coal volumes drop 25% on low natural gas prices, driving decline in quarterly shipments
Total UP volumes fall 20% on year Annual net income $5.9 billion, down 1% on year Houston — Union Pacific coal volumes dropped 25% in the fourth quarter year on Continue Reading
US data: EIA says ethanol production falls sharply, but stocks show large build
US ethanol production averaged 1.049 million b/d for the week ended January 17, a 46,000 b/d decrease compared with the previous week but still up 18,000 b/d year on year, Continue Reading