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Month: July 2020

Category:
  • China

China to impose visa restrictions on U.S. citizens over Tibet

China said on Wednesday it will impose visa restrictions on U.S. citizens who have engaged in what it called egregious behavior over Tibet, in apparent retaliation against U.S restrictions on Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • China

China Car Sales Fall in June, Showing Rebound Is on Shaky Ground

Car sales in China retreated in June following a rare increase the previous month, signaling the world’s biggest auto market is facing a bumpy recovery from a two-year slump worsened Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Economy
  • USA

US voters more pessimistic on chances of economic rebound

Americans have become more pessimistic about the prospects for a quick pandemic recovery, especially in the states of the US South and west where coronavirus cases have spiked, according to a Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Canada

Pipeline Setbacks in U.S. Rattle Oil-Sands Producers in Canada

This week’s escalation of American pipeline setbacks is heightening concerns among Canadian oil producers who export almost all of their crude to the U.S. Alex Pourbaix, the chief executive officer of Cenovus Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Short-Term Energy Outlook

The July Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because mitigation and reopening efforts related to the 2019 novel coronavirus disease (COVID-19) continue to evolve. Reduced economic activity related to Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Canada

Huge Debt Payments Come At Worst Time Possible For Canadian Drillers

The collapse in oil prices has significantly deteriorated Canada’s oil companies’ finances and has made repaying their debt more challenging. Over the past decade, Canadian firms have borrowed money to Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Coal

US 2020 coal production expected to fall 28.9% on year to 57-year low: EIA

The US is estimated to produce 501.3 million st of coal in 2020, the US Energy Information Administration said July 7, lowering its estimate from a month ago by 28.7 Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Pending Dakota Access oil pipe shutdown could mean extended well shut-ins

A recent US appeals court judge’s order to shut the 570,000 b/d Dakota Access oil pipeline for a year starting next month could result in extended curtailments of shut-in wells Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Natural Gas Supply
  • Prices
  • USA

US EIA trims gas production forecasts once again on lower prices, curtailments

 The US Energy Information Administration July 7 again lowered its estimates for natural gas marketed production for the rest of 2020, pointing to low gas and oil prices and production Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple
Category:
  • Pipelines

Federal judge denies emergency stay to prevent Dakota Access Pipeline shutdown

A federal judge on July 7 denied Energy Transfer’s emergency request for a stay to avoid the ordered shutdown of the controversial Dakota Access Pipeline in August. Receive daily email Continue Reading

Posted On : 8 Jul 2020 Published By : Tom Whipple

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