» The Case For $100 Oil
15/04/19 23:00 from Oilprice.com
The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from Bank of America Merrill Lynch. The oil market has been tightening rapidly this year, due to OPEC+ cuts t...

» Megadeal Triggers M&A Spree In The Permian
15/04/19 23:00 from Oilprice.com
Late last week, Chevron announced its decision to takeover Anadarko Petroleum for $33 billion, a deal that could mark a watershed moment for the Permian basin and the U.S. shale industry as a whole. The deal is widely seen as potentially...

» South Sudan’s Oil Flow Not Impacted By Unrest In Sudan
15/04/19 23:00 from Oilprice.com
Oil flow from South Sudan has not been affected by the political turmoil in its neighbor to the north, Sudan, the oil minister of South Sudan, Ezekiel Lul Gatkuoth, has told Reuters. Last week, Omar al-Bashir, long-term President of Suda...

» The U.S. Is Losing Influence In The World’s Biggest Oil Region
15/04/19 22:00 from Oilprice.com
Egyptian President Abdul Fatah al-Sisi’s visit to the White House on April 9, 2019, resulted in one of the worst setbacks for U.S. Middle Eastern policy under the Donald Trump Administration. What was supposed to be a fence-mending exerc...

» This New Oil Hotspot Is Replacing Venezuelan Crude
15/04/19 21:00 from Oilprice.com
The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil.     Refiners in the United States and Europe have star...

» Fuel-Starved Haiti In Crisis As Venezuela Deal Dies
15/04/19 20:00 from Oilprice.com
The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela to supply fuel and gain influence in the Caribbean collapsed last year amid the raging Venezuelan crisis....

» The World’s Most Unorthodox Oil Nation
15/04/19 20:00 from Oilprice.com
In what seemed like an episode of the Norwegian television drama Occupied, Norway's largest political party joined smaller ones in the nation's parliament to prevent oil exploration in the scenic Lofoten archipelago. The Labor Party's en...

» Think Tank: Mexico’s New Refinery Already Doomed
15/04/19 19:00 from Oilprice.com
A Mexican think tank has declared that Pemex’s newest refinery is doomed in a grim analysis released this month. The Mexican Institute for Competitiveness (Instituto Mexicano para la Competitividad, or IMCO for short) released a damning ...

» Iraq's Solution To Stranded Kurdistan Crude
15/04/19 18:00 from Oilprice.com
Iraq is set to build an oil refinery of 150,000 bpd processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban.   The ministry said that it had “put the final touches” on building the refinery in ...

» ‘High’ Oil Prices Are Already Dampening Demand
15/04/19 17:00 from Oilprice.com
Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview. "The higher oil price environment may, if they stay around this level, also ha...

» Why South Korea Just Ramped Up Iranian Oil Imports
15/04/19 16:00 from Oilprice.com
South Korea’s imports of Iranian crude last month reached 1.2 million tons, or 8.8 million barrels which was a 23-percent increase on February and a fivefold increase in January, when Korean refiners resumed their purchases of Iranian cr...

» Oil Prices Snap Winning Streak
15/04/19 16:00 from Oilprice.com
Despite signs of continued tightness in supply, oil prices dropped early on Monday on some profit taking and a Russian minister suggesting that Russia and OPEC could abandon the production cut deal. At 10:09 a.m. EDT on Monday, WTI Crude...

» Squeezed global sugar market looks to holy grails and black swans
15/04/19 15:23 from The Barrel Blog
The global sugar industry is grappling with slowing growth in consumption coupled with oversupply, which have pushed prices down to unsustainable levels. In such a challenging environment, it’s understandable that the sector is searching...

» Defiant Musk Sends Out Other Controversial Tesla Tweet
15/04/19 14:30 from Oilprice.com
Just two months after he tweeted a production figure forecast, Tesla’s chief executive has done it again just days after he had to appear in court because the Securities and Exchange Commission accused him of violating an agreement to fi...

» Did Russia Just Call The End of The OPEC Deal?
15/04/19 14:30 from Oilprice.com
OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC deal and lowered oil prices. OPEC and Russia have tapered o...

» Alaskan oil developers face technical challenges to exploit new plays: Fuel for Thought
15/04/19 10:06 from The Barrel Blog
As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around. Much hope has been pinned on the development of the Nanushuk, a broadly-d...

» Brent Could Hit $80 This Summer As Hedge Funds Lose Steam
14/04/19 23:00 from Oilprice.com
Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and WTI Crude rose above $64 a barrel in the middle of this week as supp...

» Energy and commodities highlights: Sanctions, US clean energy goals, LNG’s second wave
12/04/19 12:58 from The Barrel Blog
Commodity markets were weighing supply side risks this week, as key producing countries continue to grapple with sanctions and political upheaval. In Libya, Africa’s third-largest oil producer and a significant supplier of gas to Europe,...

» Several US regions face hurdles in race to build summer gas stocks
11/04/19 08:54 from The Barrel Blog
With the withdrawal season officially over, US gas storage fields stand at their second-lowest level in 16 years. Several regions face obstacles as they look to climb out of deep deficits and re-stock before the next heating season begin...

» Insight from Shanghai: China’s shift in language signals private sector in the ascendant
10/04/19 11:57 from The Barrel Blog
In March, China’s elite gathered in Beijing for the annual “two sessions” meeting of China’s legislative bodies, the National People’s Congress (NPC) and the People’s Political Consultative Conference. While much of what happens at the t...

» New US crude grade offers potential alternative to Iranian barrels
09/04/19 11:11 from The Barrel Blog
North Asian refiners are set to test a new US crude oil grade that some have touted could be a replacement for Iranian barrels, traders said. Samples of US West Texas Light crude or WTL, which has an API of between 45 and 55, were heard ...

» Saudi Aramco’s riches disguise its risks: Fuel for Thought
08/04/19 08:44 from The Barrel Blog
Saudi Aramco is by far the most profitable company on the planet and produces more oil than any other single entity, but there are still doubts about the viability of its stalled initial public offering. The problem for Aramco is that it...

» Energy and commodities highlights: Algerian politics, Brazilian autos and plastics-to-fuel tech
05/04/19 12:54 from The Barrel Blog
Oil markets had their eyes trained on North African politics this week, and developments in Libya and Algeria in particular. Algerian President Abdelaziz Bouteflika’s resignation on April 2 threw the state’s long-delayed oil and gas refo...

» Forward spark spreads suggest rising profitability of US renewables as sector matures
05/04/19 08:50 from The Barrel Blog
Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. In this last post of the series, Steve Piper analyzes S...

» Insight from Brussels: Start of Russian gas flow via Nord Stream 2 hangs on Danish permit
04/04/19 12:41 from The Barrel Blog
Russia’s planned 55 Bcm/year Nord Stream 2 gas link to Germany has prompted heated political debates, changes in EU law and threats of US sanctions, but its fate in the end may be decided by Danish civil servants enforcing local planning...

» 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...

» Chinese authorities tighten port restrictions to control coal imports: sources
16/11/18 02:31 from Platts News: Latest coal News from Platts.com
China's National Development and Reform Commission imposed further port restrictions on coking coal and thermal...

» More resin exports requires more prep to handle: CP Chem executive
15/11/18 22:35 from Platts News: Latest petrochemicals News from Platts.com
US ports, resin packagers and other major logistical links in export supply chains that stepped...

» Iran's tanker fleet goes off grid post-sanctions
15/11/18 21:52 from Platts News: Latest shipping News from Platts.com
Lack of AIS data complicates export trackingRough weather also disrupts loadingsIran...

» US propylene stockpiles jump to 23-month high of 4 million barrels
15/11/18 20:09 from Platts News: Latest petrochemicals News from Platts.com
US domestic propylene inventory increased for the fifth consecutive week to just under 4 million...

» Rocky Mountain coal market pricing remains high on low demand
15/11/18 19:19 from Platts News: Latest coal News from Platts.com
Compliance issues keep from burning coal: utilityColorado and Utah price highs since 2014-16...

» Ineos buys Ashland's composites business for $1.1 billion
15/11/18 18:13 from Platts News: Latest petrochemicals News from Platts.com
Ineos Enterprises said Thursday it had agreed to buy Ashland Global Holdings' composites business for...

» German coal-fired margins at highest level since 2015 as coal, carbon ease
15/11/18 16:09 from Platts News: Latest coal News from Platts.com
Germany's coal plants are in the midst of a period of improved economic viability, with...

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