» Oil Company Growth Strategies Are “Value-Destroying”
17/02/19 18:00 from Oilprice.com
Oil and gas companies that have pursued production or reserve growth have underperformed companies that have instead focused on shareholder returns, even if that meant slower growth. More to the point, companies that have executive compe...

» The Net-Zero Energy Housing Boom Is Starting Here
17/02/19 16:00 from Oilprice.com
California, which has ambitious targets to cut its carbon footprint and boost renewable energy use, is a U.S. leader in the construction of zero net energy buildings—homes that produce as much renewable energy as they consume each year. ...

» How Long Will This Oil Rally Last?
17/02/19 00:00 from Oilprice.com
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Friday and for the week for a number of reasons, mostly affecting the supply side. The markets are being supported primarily by deeper...

» Are Saudi Arabia’s Renewable Ambitions Realistic?
16/02/19 22:00 from Oilprice.com
The Arabian Peninsula has, for most of its existence, not been of significant strategic value. The region is mostly dry and, until recently, didn’t produce much the world needed. Saudi Arabia, however, has become a regional power centre ...

» Is This The Tipping Point For Electric Vehicles?
16/02/19 20:00 from Oilprice.com
A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world's roads will be boosted by the plummeting costs of owning a battery powered vehicle. The consulting firm's 2019 Global Energy Perspecti...

» Try And Try Again: Philippines Resurrects LNG Ambitions
16/02/19 18:00 from Oilprice.com
On Thursday, news broke (again) that the Philippines is trying to build its first operational liquefied natural gas (LNG) project. Manila-based Phoenix Petroleum said it was in talks with state-owned Philippine National Oil Company (PNOC...

» Researchers Scramble To Find Better Biofuel Alternatives
16/02/19 16:00 from Oilprice.com
With the aid of high profile political and media events like the Paris Agreement and the United Nations Climate Change Summit, greenhouse gas emissions and global warming have become one of the hottest topics and most urgent internationa...

» Mexico To Support Indebted State Oil Firm Pemex With $3.6B
16/02/19 00:00 from Oilprice.com
Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said on Friday. The Mexican government, however, will not take on new debt ...

» China Plans To Build Space Solar Station
15/02/19 23:00 from Oilprice.com
Chinese scientists have revealed plans to build and launch in orbit a space solar station that could capture the Sun’s rays 24/7, Chinese media report. China has already started to build an early experimental space power plant in the cit...

» Trader Trafigura To Stop Oil Business With Venezuela
15/02/19 22:00 from Oilprice.com
Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela, Reuters reported on Friday, quoting a source with dire...

» Russia’s Lukoil Halts Oil Swaps In Venezuela After U.S. Sanctions
15/02/19 20:00 from Oilprice.com
Litasco, the international trading arm of Russia’s second-biggest oil producer Lukoil, stopped its oil swaps deals with Venezuela immediately after the U.S. imposed sanctions on Venezuela’s oil industry and state oil firm PDVSA, Lukoil’s...

» A Big Week For Oil Bulls
15/02/19 20:00 from Oilprice.com
Oil prices headed higher on Friday for the fifth day in a row as fears related to U.S.-China trade talks subsided and production cuts continued to make headlines. Friday, February 15th, 2019 (Click to enlarge) (Click to enlarge) (Click t...

» US Drillers See Modest Rise In Oil Rigs As Prices Hold
15/02/19 18:15 from Oilprice.com
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs rose by 2 rigs, according to the report, with the number of active oil rigs i...

» Brent Crude Hits 2019 High At $65
15/02/19 17:00 from Oilprice.com
Brent Crude hit $65 a barrel early on Friday, reaching the highest price so far this year and the highest level since November, as larger-than-expected cuts from Saudi Arabia and OPEC’s resolve to rebalance the market outweighed concerns...

» Berkshire Hathaway Share Purchase Boosts Suncor Stock
15/02/19 17:00 from Oilprice.com
Warren Buffett’s investment firm Berkshire Hathaway acquired 10.8 million shares in Canada’s Suncor during the last quarter of 2018, CNBC reports citing a SEC filing. The release of the news pushed the oil company’s stock up by as much a...

» Venezuela Supreme Court Prosecutes Guaido-Appointed PDVSA Board
15/02/19 15:30 from Oilprice.com
Venezuela’s Supreme Tribunal of Justice, the country’s Supreme Court, ordered legal action against individuals that opposition leader Juan Guaido announced as the new board members for PDVSA and its U.S. unit, Citgo. An AFP report quoted...

» World’s Largest Offshore Oil Field Partially Shut Down
15/02/19 15:30 from Oilprice.com
The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source. An earlier report from MarketWatch quoted informa...

» China oil imports, Nigeria elections and Venezuela sanctions: Commodity and energy news highlights
15/02/19 11:34 from The Barrel Blog
The Lunar New Year brings shifts in supply and demand patterns across commodities, and 2019 was no different. Chinese oil imports saw a strong year on year increase in January,  but February figures are likely to be weaker due to the vac...

» Fight On Climate Change Could Accelerate Norway’s Oil Decline
15/02/19 09:00 from Oilprice.com
Stricter global climate policies could influence Norway’s oil and gas industry and lead to a phase out of oil and gas sooner than previously expected, Oystein Olsen, the Governor of Norway’s central bank Norges Bank, said on Thursday. “W...

» India To Continue Buying Venezuelan Oil Despite U.S. Warning
15/02/19 04:00 from Oilprice.com
India will look into commercial considerations and related factors to determine the value of oil imports from any country, an Indian official said on Thursday, after a top U.S. official warned countries against buying oil from Venezuela....

» Militants Threaten Attacks On Nigeria’s Oil If President Is Re-elected
15/02/19 00:00 from Oilprice.com
The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016—resurfaced days before the Nigerian presidential elections this weekend, saying that they are backing the oppos...

» Saudi Aramco Makes Existential Bet On Oil
15/02/19 00:00 from Oilprice.com
Undeterred by the prospect of peak oil demand, Saudi Arabia is betting its long-term future on oil. Not only is Saudi Arabia pouring investment into lifting oil production capacity at home, but it may even, for the first time, venture ab...

» ‘’Lower Your Costs, Or Die’’ Big Oil’s New Mantra
15/02/19 00:00 from Oilprice.com
Fracking and the booming short-cycle shale production in the Permian have revolutionized not only U.S. crude oil production. The prolific shale basin in West Texas and New Mexico has also shown U.S. supermajor Chevron that it needs to be...

» Brexit could lead to divergence between EU, UK sanctions against Russia
14/02/19 10:04 from The Barrel Blog
In the event of Brexit there could be long-term consequences for UK-Russia energy links, if the UK’s policy on sanctions against Russia changes to reflect its vocal opposition to the current Russian government, and close relationship wit...

» Insight: Aluminum costs push Japan’s brewers to put new beer in new bottles
13/02/19 12:18 from The Barrel Blog
From relatively traditional roots, the Japanese beer industry became a hotbed of innovation in 2018 — giving rise to new and esoteric brews, and causing brewers to think again about the use of costly aluminum as a packaging material. For...

» In the LOOP: Narrowing Dubai/LOOP spread dampens US sour crude exports
12/02/19 16:19 from The Barrel Blog
Narrower price spreads between US crudes and Dubai-based crudes have limited arbitrage opportunities to export US crude to Asia recently, S&P Global Platts data shows. However, some deals continue to get done as US crude delivered to...

» King coal retreats in Europe, but still powers global growth
12/02/19 09:44 from The Barrel Blog
Coal is having a bad time in Europe. Germany – the world’s fourth largest economy – has said it will phase out coal-fired power generation by 2038 while in the UK, the closure of another large coal plant was announced. Despite these setb...

» Palladium extends bullish streak as automakers cool on diesel
11/02/19 13:19 from The Barrel Blog
“If there’s one trade that keeps me up at night, it’s palladium. If you want my advice, stay clear of it,” were the comforting words of one senior trader who spoke to S&P Global Platts recently. Palladium has been sky-rocking over th...

» Insight: Balance of power tilts towards renewables in Asia Pacific
11/02/19 06:30 from The Barrel Blog
Renewable energy sources are now a commercially profitable business in many parts of Asia Pacific without government largesse and subsidy support. But the renewables story has just started. Primary energy demand in the region is expected...

» No relief at pump when US becomes net oil exporter in 2020
07/02/19 09:46 from The Barrel Blog
The US will become a net oil exporter sometime next year. That is, total exports of both crude oil and refined petroleum products will exceed total imports. It’s a remarkable milestone, even if it doesn’t mean that the US is ...

» In the LOOP: Crude delivered in January nearly triples, driven by sour demand
06/02/19 16:09 from The Barrel Blog
Strong demand for sour crude grades helped boost LOOP Sour deliveries in January. In a recent report from the Louisiana Offshore Oil Port, the company said LOOP Sour demand nearly tripled month on month, increasing by some 620,000 barrel...

» Maduro’s squandering of Venezuela’s oil wealth is a tragedy
06/02/19 10:13 from The Barrel Blog
Venezuela should be a global oil-exporting superpower. Instead, the Marxist junta ruling the country teeters on the brink of complete economic collapse, with hyperinflation reminiscent of Weimar Germany and the chances of a political cou...

» UK power Summer 2019 baseload contract leapfrogs Winter 2020 on extra supply
16/11/18 14:43 from Platts News: Latest ElectricPower News from Platts.com
The UK power Summer 2019 outright baseload contract overtook Winter 2020 base, with the market...

» German coal commission to recommend delaying closures to 2022: report
16/11/18 12:26 from Platts News: Latest coal News from Platts.com
Germany's coal commission may recommend delaying a first wave of coal plant closures to 2022...

» Interview: Bunker fuel testing lab sees compatibility issues continuing post-2020
16/11/18 12:23 from Platts News: Latest shipping News from Platts.com
Compatibility issues with bunker fuels can be expected to continue after the majority of the...

» EU's 550g CO2 cap on capacity scheme power generation plan still divides
16/11/18 12:21 from Platts News: Latest ElectricPower News from Platts.com
Setting emission limits on the power plants eligible to receive capacity mechanism payments remains one...

» US Anadarko to spend $200 million pre-FID on Mozambique LNG project
16/11/18 12:10 from Platts News: Latest NaturalGas News from Platts.com
US company Anadarko Petroleum said it has allocated about $200 million for the Mozambique LNG...

» Crude oil futures rise, defying US stock build; ICE Brent up at $67.80/b, NYMEX WTI $57.34/b
16/11/18 12:06 from Platts News: Latest Oil News from Platts.com
Crude oil futures rose Friday morning in European trading, shaking off an enormous stock build...

» Norway's Frontline says worst is over for tanker market
16/11/18 11:35 from Platts News: Latest shipping News from Platts.com
Norwegian independent tanker operator Frontline said Friday the worst for the tanker sector was over,...

» Northwest European Nov orthoxylene contract price at Eur870/mt, down Eur20/mt from Oct
16/11/18 11:33 from Platts News: Latest petrochemicals News from Platts.com
The European November orthoxylene contract price has initially settled at Eur870/mt, down Eur20/mt from October's...

» Australia's Ichthys project starts up LPG shipment: Japan's Inpex
16/11/18 11:15 from Platts News: Latest Oil News from Platts.com
Japan's Inpex said Friday that its operated Ichthys onshore gas liquefaction plant in Darwin, northwest...

» UK sees no need at present for natural gas storage intervention: minister
16/11/18 10:51 from Platts News: Latest NaturalGas News from Platts.com
The UK government has no plans to intervene in the natural gas market through regulatory...

» China's Dalian Commodity Exchange to launch monoethylene glycol futures on Dec 10
16/11/18 09:14 from Platts News: Latest petrochemicals News from Platts.com
The China Securities Regulatory Commission has approved the launch of monoethylene glycol futures contracts on...

» Japan's bunker fuel demand thin but uptick expected before year-end
16/11/18 08:09 from Platts News: Latest shipping News from Platts.com
Japan's bunker fuel demand has softened following a peak in August, when buyers turned to...

» Australia's competition watchdog clears way for Santos' Quadrant Energy acquisition plan
16/11/18 08:05 from Platts News: Latest NaturalGas News from Platts.com
Australia's competition watchdog will not oppose oil and gas producer Santos' proposed acquisition of privately...

» Papua LNG inks MOU with Papua New Guinea for 8 mil mt/year LNG expansion plan
16/11/18 07:57 from Platts News: Latest NaturalGas News from Platts.com
Joint venture participants in the Papua LNG project have entered into a memorandum of understanding...

» Analysis: Asian refiners may need to familiarize with heavier condensate
16/11/18 05:46 from Platts News: Latest Oil News from Platts.com
Asian condensate buyers are bracing for a future of heavier condensate supply from 2019 onwards,...

» Philippines suspends fuel excise tax hike on oil products for 2019: local news
16/11/18 05:45 from Platts News: Latest Oil News from Platts.com
Philippines will halt the second round of excise fuel tax on refined products, which was...

» Outlook for Q4 thermal coal market remains bearish as Chinese import restrictions tighten
16/11/18 05:41 from Platts News: Latest coal News from Platts.com
China's seaborne thermal coal market participants painted a bleak picture for the demand outlook for...

» Crude rises on Russian comment, geopolitical tensions despite US stock build
16/11/18 03:44 from Platts News: Latest Oil News from Platts.com
Crude oil futures ticked higher during mid-morning trade in Asia Friday, correcting from the slide...

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