Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance
China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China included LNG for the first time in its list of proposed tariffs on Friday…
Latam Oil Producers May Help Rebalancing
Latin American crude producers under financial strain may help provide a vehicle for market rebalancing that OPEC members and other oil states failed to deliver at a meeting in Doha on Sunday. Iran's refusal to discuss a ceiling for its…
U.S. Oil demand Dropped for Third Month in November -EIA
U.S. oil demand fell in November from a year earlier, the third straight monthly decline, as warmer temperatures and stagnant industrial activity weighed on distillate demand and low prices failed to boost consumption, government data showed on Friday.
Oilfield Service Firms Cut to the Bone
Companies that supply drilling rigs, fracking sand and other necessary tools to the U.S. oil industry are finding themselves stuck with a choice between losing customers or making further price cuts that could wipe out their profits altogether.
Hefty Maintenance Schedule Looms for Canada Oil Sands Producers
The move is seen temporarily curbing supply in the second and third quarters, which should lift crude prices in the region and give producers a respite from selling their barrels below cash costs. Among producers planning major work at their facilities…
US Shale Cash Markets Offer Hope amid Gloom
In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow. While crude futures hover around 6-1/2-year lows…
U.S. Shale Firms Hedging as Oil Rebounds
Oil's 'fear gauge' falls 30 pct to lowest since December. U.S. oil producers are rushing to take advantage of the rebound in oil markets by locking in prices for next year and beyond, safeguarding future supplies and possibly paving the way for a rebound in production.
Oil Glut Strains West Texas Storage Logistics
Four-hundred miles from the near overflowing tanks at the U.S. oil hub in Cushing, Oklahoma, a second glut in the Permian Basin of West Texas is pressuring oil prices once again as pipeline disruptions strand millions of barrels in the region.
Suncor Sends First Tanker of Western Canada Heavy Crude to Europe
Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday. Suncor spokeswoman Sneh Seetal confirmed…
Permian Production Causes TX Pipeline Bottleneck
Oil production from the burgeoning Permian Basin of West Texas is outpacing pipelines' ability to transport oil to the Gulf Coast, causing coastal refiners to pay an additional premium to acquire oil. On Monday, that bottleneck caused oil for delivery at Midland…
