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Month: July 2020

Category:
  • China

China’s Slowing Oil Purchases Give Bulls Something to Ponder

Is it a pause, or something more profound? Either way, China’s crude purchases are stuttering, helping to put the oil price rally on hold. At least for now. While the world’s Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • USA

More than 1M Americans seek help as companies cut more jobs

More than a million Americans sought unemployment benefits last week, indicating that companies are cutting more jobs as the resurgent coronavirus scythes through the Sunbelt and some of the nation’s Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • China
  • USA

Barr says US now overly reliant on Chinese goods, services

The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • Canada

Canadian Crude Production Falls To 2016 Lows

Due to the price and demand crash in the second quarter, Canada’s oil production slumped to 4.4 million barrels per day (bpd) in May – the lowest output since the Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • Shale Oil

US oil, gas rig count rises for first time in over 4 months, up 9 on week: Enverus

Highlights Oil rigs up by 10 to 202, gas rigs fall 1 to 86 Most large basins tick up one or two rigs But lower activity continues in the Permian Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • Climate
  • USA

US District Court judge sets aside Trump administration methane rule on oil, gas operations

The US Bureau of Land Management’s rationale behind canceling the bulk of Obama administration-era regulations of methane from oil and natural gas sources on public lands was “wholly inadequate,” a Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • Coal
  • USA

US Hampton Roads coal exports drop to near four-year low in June

Coal exports out of the terminals in the Hampton Roads region in Virginia were at a three-year low at 1.55 million st in June, down 26.3% from 2.1 million st Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Midstream oil sector facing end of growth era as ominous earnings season looms

The midstream oil sector enters the earnings season for one of the toughest quarters in the industry’s history as its struggles to manage lower crude volumes, project delays, and wary Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • USA

Biden Clean-Energy Plan Would Accelerate State Efforts on Carbon – Bloomberg

Joe Biden’s $2 trillion plan to revive the economy would rely on boosting jobs in clean energy, and would accelerate the effort to shift to carbon-free electricity. Biden’s energy and infrastructure program Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple
Category:
  • coronavirus

U.S. Shatters Its Record of New Coronavirus Infections as India’s Caseload Hits a Million

The United States reported more than 75,600 new cases on Thursday, a single-day record. India ranks third in the world in both total cases and new ones, and its rate Continue Reading

Posted On : 17 Jul 2020 Published By : Tom Whipple

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