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Iranian Oil Tanker Sails Into Mediterranean: What Happens Next?   Aug 22, 2019
The fate of the Iranian oil tanker Adrian Darya 1 remains unclear days after being released by authorities in Gibraltar. The tanker, which had been impounded off Gibraltar since early July, finally set sail on Sunday after local authorities rejected a U.S ... Bloomberg  

West African oil hits sweet spot as shipping upgrades to cleaner fuel   Aug 22, 2019
LONDON (Reuters) - African states like Chad and Cameroon are shaping up to be big winners from new rules to cut sulfur emissions from ships, providing just the right type of oil to produce cleaner ... Reuters  

Reuters Daily US Oil Brief - August 22   Aug 22, 2019
To access a PDF version of this newsletter, please click here here You can also read Reuters Daily US Oil Brief via TOPNEWS Energy page or if you would like to receive this newsletter through your ... Reuters  

Oil steadies above $60, Jackson Hole summit in focus   Aug 22, 2019
LONDON (Reuters) - Oil steadied above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed. Reuters  

Third Quarter is Key for 2019 Oil Balance   Aug 22, 2019
(Bloomberg) -- The current quarter will be key in shaping the oil supply/demand balances for 2019, according to the latest outlooks from the world’s three major oil-forecasting agencies. YAHOO!  

Deals of the day-Mergers and acquisitions   Aug 22, 2019
Royal Dutch Shell has made its first foray into Australia’s highly ... The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper ... Reuters  

Premier Oil shares jump on higher profits, Zama stake disposal   Aug 22, 2019
(Reuters) - Britain’s Premier Oil (PMO.L) reported a 23.5% jump in first-half profit on Thursday powered by record output and said it planned to sell its stake in the offshore Zama field in ... Reuters  

Oil prices fall on economic worries after U.S. fuel stocks climb   Aug 22, 2019
SINGAPORE (Reuters) - Oil prices dipped on Thursday, paring earlier gains, weighed down by worries about the global economy and bigger-than-expected builds in oil product inventories in the United ... Reuters  

Alliance to End Plastic Waste Appoints Jacob Duer As President And Chief Executive Officer   Aug 22, 2019
Member companies include Member companies include: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, EQUATE Petrochemical Company, ExxonMobil ... YAHOO!  

US To Sell 10 Million Barrels Of Crude Oil From SPR Next Week   Aug 22, 2019
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. The US will sell another 10 million barrels of sour crude ... OilPrice  

ASX up slightly on mixed earnings results   Aug 22, 2019
The Australian share market has closed modestly up as investors digested a flurry of company results. The benchmark S&P/ASX200 ... ERM Power shot up 42.4 per cent to $2.45 after Royal Dutch Shell made a $617 million takeover offer for the business-only ... YAHOO!  

Oil Steady as Attention Turns to Monetary Easing From Stockpiles   Aug 22, 2019
(Bloomberg) -- Oil steadied after its first drop this week as attention turned from expanding American fuel stockpiles to the prospects for monetary easing as the world’s top central bankers ... YAHOO!  

Traders exit complex bearish U.S. oil options as Cushing supplies tighten   Aug 22, 2019
NEW YORK (Reuters) - Oil traders raced to abandon complex, bearish options trades in U.S. crude this week, after the market rapidly shifted to reflect tighter supplies at the key Oklahoma storage hub over the past month, leading to a surge of activity in a ... Reuters  

Australia's Ichthys LNG plant offers September cargo -sources   Aug 22, 2019
SINGAPORE, Aug 22 (Reuters) - Australia’s Ichthys liquefied natural gas (LNG) plant has offered a cargo for loading in mid-September, industry sources said on Thursday. The tender closes on Aug ... Reuters  

Oil prices rise after U.S. crude stocks draw   Aug 22, 2019
SINGAPORE (Reuters) - Oil prices rose on Thursday following a drawdown in U.S. crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand ... Reuters  

Oil inches higher after U.S. crude stocks drawdown, economic worries weigh   Aug 22, 2019
SINGAPORE (Reuters) - Oil prices edged higher on Thursday after a drawdown in U.S. crude inventories, but lingering concerns over the global economy and a build-up in U.S. refined product stocks ... Reuters  

Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources   Aug 22, 2019
SINGAPORE (Reuters) - Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche ... Reuters  

Dutch Gas Shutdown Puts at Risk Future of Europe’s Biggest Hub   Aug 22, 2019
Even the seller of natural gas from Europe’s largest field was taken aback by the Dutch government’s decision last year to close it forever. “That was the first moment when we heard about zero,” Annie Krist, the chief executive officer of GasTerra ... Bloomberg  

Putin's Budget Has Lowest Break-Even Oil Price in Over a Decade   Aug 22, 2019
Oil prices may be recovering, but Russian President Vladimir Putin isn’t taking any chances, running a budget that balances at the lowest crude price in more than a decade. “Putin’s sticking to a tight financial policy, worried about new sanctions ... Bloomberg  

Pence visits Utah to promote trade deal with Mexico, Canada   Aug 22, 2019
Pence arrived in Utah Wednesday evening after visiting New Mexico, where he spoke about the trade pact while visiting an oil and natural gas production service company. Pence’s visits to Utah and New Mexico come in congressional swing districts where ... Associated Press News  

Here's Why Canadian Natural Resources (TSE:CNQ) Can Manage Its Debt Responsibly   Aug 22, 2019
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know ... YAHOO!  

UPDATE 1-Mexican president hails progress with pipeline firms in contract talks   Aug 22, 2019
MEXICO CITY, Aug 21 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Wednesday that negotiations with the builders of several natural gas pipelines over a contractual dispute are ... Reuters  

World’s Biggest Oil Hedge May Not Happen After All   Aug 22, 2019
Despite its track record for turning a sizable profit from its super-secret oil hedge, Mexico may not go through with its massive hedge this year, according to Mexico’s Deputy Finance Minister ... OilPrice  

These 4 Measures Indicate That Imperial Oil (TSE:IMO) Is Using Debt Reasonably Well   Aug 22, 2019
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it seems the ... YAHOO!  

2 FTSE 100 stocks I think can help you get rich, retire early and beat the State Pension   Aug 22, 2019
The recent decline in Shell’s (LSE: RDSB) share price could provide an investment opportunity. The oil and gas company’s shares have declined by around 12% in less than a month, with there being the potential for further uncertainty due to fears ... YAHOO!  

North Dakota Oil Production Sets Record, So Does Gas Flaring   Aug 21, 2019
As per North Dakota’s oil regulator, the state’s daily crude output rose 2.1% in June after remaining essentially flat over the previous two months. North Dakota Achieves Several All-Time ... YAHOO!  

Hong Kong Billionaire Loses $20 Billion In Canadian Oil Sands   Aug 21, 2019
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. While Aramco is signaling that the preparation for its long-awaited IPO is still underway ... OilPrice  

U.S. To “Drown The World” In Oil   Aug 21, 2019
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. The U.S. could “drown the world in oil ... OilPrice  

Sask. researcher says provincially-encouraged oil, gas extraction method could put groundwater at risk   Aug 21, 2019
A University of Saskatchewan researcher says a form of oil extraction being encouraged by the Saskatchewan government needs more research and monitoring to avoid potential long-term contamination of drinking water in the province. Grant Ferguson said his ... CBC.ca  

Emerald Bay Energy Acquires Interest in Leona River Natural Gas Wells   Aug 21, 2019
CALGARY, AB / ACCESSWIRE / August 21, 2019 / Emerald Bay Energy Inc. (EBY.V)(EMBYF) (the "Company" or "Emerald Bay") is pleased to announce that the Company, in partnership with Cotulla Energy ... YAHOO!  

U.S. lawmakers say tariffs on EU olive oil pit Trump trade policy against demand   Aug 21, 2019
WASHINGTON (Reuters) - U.S. lawmakers on Wednesday urged the U.S. Trade Representative’s Office not to impose new import tariffs on European olive oil, warning they could lead to an olive oil ... Reuters  

Rosneft Says PDVSA Cut Debt To Russian Oil Firm To $1.1B   Aug 21, 2019
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Venezuela’s state-held oil firm PDVSA cut its debt to Russia’s ... OilPrice  

BP is top oil major stock pick at BMO; Chevron not far behind   Aug 21, 2019
BP (BP +0.9%) bumps higher as BMO analyst Daniel Boyd initiates coverage with an Outperform rating and $53 price target, believing BP's multi-year transformation is "on the cusp of paying ... Seeking Alpha  

The $30 Billion Exodus: Foreign Oil Firms Are Bailing on Canada   Aug 21, 2019
and Shell’s and Marathon’s sales of their stakes in an oil-sands project to Canadian Natural Resources Ltd. for about $10.7 billion that same year. Canadian Natural also bought Oklahoma City-based Devon Energy Corp.’s Canadian heavy oil assets this ... Bloomberg  

Natural Gas Price Forecast – Natural gas markets continue to find sellers   Aug 21, 2019
The natural gas markets initially tried to rally during the trading session on Wednesday, reaching towards the 50 day EMA. At this point, the market looks very likely to continue rolling over, as ... YAHOO!  

Australia Joins US In Protecting Oil Tankers In Strait Of Hormuz   Aug 21, 2019
Australia said on Wednesday it would support the U.S.-led international security mission to ensure freedom of navigation and safe passage through the Persian Gulf and its vital chokepoint the ... OilPrice  

A Very Fragile Balance In Oil Markets   Aug 21, 2019
Against the background of the United States softening its rhetoric vis-à-vis Huawei and Saudi Arabia taking matters into its own hands in cutting export rates significantly below the 7mbpd export ... OilPrice  

Electric Vehicles Will Win Big In A Recession   Aug 21, 2019
Both India and Pakistan have adopted targets of 30% market shares for EVs by 2030. According to ExxonMobil’s 2018 Outlook for Energy, which took a conservative view of EV adoption rates ... Crude Oil Prices  

The Anti-Iran Alliance Is Cracking   Aug 21, 2019
Permian basin players ConocoPhillips and Encana are asking regulators to reject proposal that will allow pipeline operators to offset steel tariff costs by charging its customers more. Plains All ... Crude Oil Prices  

The US Light Crude Wave In Europe   Aug 21, 2019
Take ExxonMobil and BP, both of which have refineries in Rotterdam and both of which have significant assets in US’ upstream sector and readily bring crude produced in the US to their European ... Crude Oil Prices  

Hydrogen’s Plunging Price Boosts Role of Gas as Climate Solution   Aug 21, 2019
“Once the industry scales up, renewable hydrogen could be produced from wind or solar power for the same price as natural gas in most of Europe and Asia,” Kobad Bhavnagri, BNEF’s head of special projects, said in the report on Wednesday. “These ... YAHOO!  

Spill revelation raises questions about North Dakota system   Aug 21, 2019
BISMARCK, N.D. — The North Dakota Health Department's acknowledgment this week that a 2015 pipeline leak of liquid natural gas is hundreds of thousands of gallons larger than reported raises questions about how many other spills and leaks are ... YAHOO!  

Alberta's smaller oil producers eye output boost after curbs lifted   Aug 21, 2019
giving investors reason for greater comfort in heavy oil producers Canadian Natural Resources Ltd, Cenovus Energy Inc, MEG Energy Corp and Athabasca, CIBC analyst Jon Morrison said in a note. Reuters  

Rosneft To Sell Oil Products In Euros To Avoid Possible New U.S. Sanctions   Aug 21, 2019
The largest Russian oil producer and one of the world’s biggest, Rosneft, told customers earlier this month that oil product sales in tender contracts will be priced in euros instead of U.S ... OilPrice  

Saudi Arabia’s Newest Strategy To Send Oil Prices Higher   Aug 21, 2019
20 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes ... OilPrice  

UPDATE 6-Oil rises as U.S. crude inventories fall   Aug 21, 2019
NEW YORK, Aug 21 (Reuters) - Crude oil futures rose on Wednesday after U.S. government data showed a big drawdown in domestic crude stockpiles, but rises in refined product inventories limited ... Reuters  

Presidential Candidates Take Aim At Major Oil Pipelines   Aug 21, 2019
Several new oil and gas pipelines have drawn the ire of the Democratic presidential candidates, and a few major pipelines could be at risk after the 2020 election. Ahead of a campaign stop in ... OilPrice  

U.S. offshore oil auction draws $159.4 million in bids for Gulf acreage   Aug 21, 2019
NEW YORK (Reuters) - A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said. Combined with a March auction that drew $244.3 million in high bids, the total was the ... Reuters  

In Snubbing Denmark, Trump Shows Disregard for Model U.S. Ally   Aug 21, 2019
Nord Stream 2 More recently, the government has been instrumental in delaying completion of the Nord Stream 2 natural-gas pipeline from Russia to Germany, a project that Trump has vocally opposed. Nord Stream 2 presents a price-competitive threat to U.S ... YAHOO!  

Alberta Extends Oil Production Cuts   Aug 21, 2019
Alberta has announced an extension of the obligatory oil production cuts approved by the previous government on the grounds that it is uncertain when new pipeline capacity would come on stream. OilPrice  

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