Kashagan producing around 100,000 b/d, quarter of normal rate Ruptured pipe sent for checks as corrosion fears resurface Ongoing disruption limiting CPC Blend exports Production at Kazakhstan’s second-highest producing oil Continue Reading
On a recent scorching afternoon in his home state of Tabasco, the president of Mexico celebrated his government’s latest triumph: a new oil refinery. Though not yet operational, President Andrés Manuel Continue Reading
‘There has been an increase in the cadence of incidents in the Gulf of Mexico’. Dryad Global’s latest Maritime Security Threat Advisory (MSTA) has outlined that the Gulf of Mexico Continue Reading
China’s refinery processing and crude imports were unambiguously weak in July, but the world’s largest oil importer still added to stockpiles, maintaining a trend of building inventories. China added about Continue Reading
For the past two decades, China has conditioned global companies and markets to anticipate big government spending at any hint of an economic slowdown. Now, as growth sputters, Beijing is Continue Reading
The southwestern Chinese province of Sichuan is baking in the worst heatwave in six decades, with hydropower generation from the Yangtze River falling and factories closing to ease the pressure Continue Reading
China is scrambling to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river as it battles a record-breaking heatwave by deploying relief funds, seeding Continue Reading
China’s southwestern province Sichuan began limiting electricity supply to homes, offices and malls on Wednesday, due to a severe power crunch driven by extreme heat waves and drought, according to Continue Reading
As the historic drought in the U.S. Southwest pushes the nation’s largest reservoirs to record lows, the Biden administration Tuesday announced that water shortages along the Colorado River had passed a threshold for the Continue Reading
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year. E&Ps typically employ derivative hedging to limit cash flow risks and Continue Reading
