Shale Oil & Gas News

 

Oil slumps 7% as More Tariffs Loom

Aug 01, 2019

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years, undoing a fragile oil rally built on steady drawdowns in U.S. inventories even as global demand looked shaky due to the U…

U.S. Crude Oil Exports: When 'Less is More'

Apr 15, 2021

Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms…

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

Sep 29, 2020

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through…

Xodus: A Rapid Pivot to Gas Needed

Feb 28, 2020

Xodus Group launched a new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand.In contrast to some recent future energy scenarios, Xodus believes worldwide energy consumption will continue to increase…

Oil Prices: Chinese Data Eases Concerns

Sep 30, 2019

Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month, easing concerns about demand amid the ongoing trade war with the U.S. Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT and U…

U.S. Blacklists IRG Oil Shipping Network

Sep 04, 2019

The United States on Wednesday sanctioned a sprawling network of firms, ships and individuals allegedly directed by Iran's Islamic Revolutionary Guard Corps that supplied Syria with oil worth tens of millions of dollars in a breach of U.S. sanctions…

Canadian Natural Resources eyes Rail Contracts

Aug 01, 2019

Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday.Shipping more crude by rail is seen…

Light Sweet Crude Exports Jump at LOOP

Jul 09, 2019

The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U…

Petrobras Takes Two of Six Port Terminals in Brazil Auction

Apr 05, 2019

Brazil auctioned off six port terminals for liquid fuels in the northern state of Para to private operators on Friday, with subsidiaries of state-run oil company Petroleo Brasileiro SA winning two of the areas.The government raised nearly 450…

China Imports First U.S. Crude since November

Mar 01, 2019

An oil tanker carrying U.S. crude oil is offloading its cargo at a Chinese port on Friday, marking China's first import from the United States since late November, according to trade sources and Refinitiv data.Trade tensions between the United States and China cut U…

US Oil Export Boom Sparks Battle to Build Texas Ports

Jan 10, 2019

Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi…

Uniper intensifies LNG plans with Japan's Mitsui OSK

Dec 17, 2018

Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022.Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany…

U.S. Pipeline Operators Reap Hefty Profits from Bottlenecks in Texas

Nov 09, 2018

Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports.These companies are taking advantage of…

Tellurian to Start Building LNG Export Plant in 2019

Nov 07, 2018

U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Chief Executive Meg Gentle said in the…

US Crude Oil Exports to China Stalled

Nov 06, 2018

The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S. and China…

Logistics News

Stena Prosperous Bunkers Methanol in Singapore

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Green Marine Lays Foundation for its New Global Structure

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Senate Environment & Public Works Committee Passes WRDA 2024

Senate Environment & Public Works Committee Passes WRDA 2024

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