Page 1 of 12
News
view:
Links to the news articles will open in their original format as published by their providers. 
Saudi Aramco to delay PetroChina's Oct loadings of light crude oil -source   Sep 17, 2019
SINGAPORE, Sept 17 (Reuters) - Saudi Aramco informed PetroChina on Tuesday that its loadings of light crude oil for October will be delayed by about 10 days, said a senior Chinese state oil source ... Reuters  

Cheniere signs gas deals linked to spot LNG with U.S. shale producer   Sep 17, 2019
Cheniere typically buys natural gas using a price mechanism linked to a U.S. gas benchmark, but in a June deal with Apache Corp, it signed its first supply agreement tied to spot LNG prices. YAHOO!  

Oil Spike Another Reason for Fed to Cut Rates   Sep 17, 2019
(Bloomberg) -- Surging oil prices will probably reinforce the Federal Reserve’s resolve to cut interest rates this week as insurance against rising global risks, though the immediate effect on ... YAHOO!  

Japanese refiners assess Saudi oil supplies after attacks   Sep 17, 2019
TOKYO (Reuters) - Oil refiners in Japan, the world’s fourth-biggest importer of crude oil, are gathering information on supplies from Saudi Arabia following an attack on the kingdom’s key ... Reuters  

Oil trims gains after the biggest jump in decades   Sep 17, 2019
Oil remains at elevated levels, but has pulled back some following Monday's surge following the attacks on Saudi oil facilities. After a 20 percent intraday surge in prices, oil pulled back by 1 ... YAHOO!  

Plains All American Completes Public Offering of $1.0 Billion of Senior Notes   Sep 17, 2019
NGLs and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors ... YAHOO!  

Oil Market Gripped With Uncertainty Over Lost Saudi Production   Sep 17, 2019
(Bloomberg) -- Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply. As state oil producer Saudi Aramco grows less optimistic that ... YAHOO!  

Stocks Mixed as Oil Shock Mulled; Bonds Advance: Markets Wrap   Sep 17, 2019
(Bloomberg) -- Stocks in Asia traded mixed and U.S. and European futures edged lower as investors assessed heightened geopolitical risks in the aftermath of the strike on Saudi Arabia’s crude production. Treasuries extended gains. Japan’s Topix index ... YAHOO!  

Asian shares weaker after spike in crude oil rattles market   Sep 17, 2019
BANGKOK — Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. The U.S. and international benchmarks for ... YAHOO!  

African Markets - Factors to watch on Sept. 17   Sep 17, 2019
TANZANIA ENERGY Tanzania said on Monday it planned to construct a 30-km pipeline to extend the country's natural gas supply network from the capital Dar es Salaam to the nearby town of Bagamoyo to ... Reuters  

Saudi Oil Shock Unites China With Asia Rivals Worried About War   Sep 17, 2019
(Bloomberg) -- If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil. Asia accounts for more than 70 percent of Saudi Arabia’s crude exports, with the ... YAHOO!  

Price of oil spikes after drone attacks in Saudi Arabia, U.S. blames Iran   Sep 17, 2019
An attack on Saudi Arabia that shut five per cent of global crude output caused the biggest surge in oil prices in nearly three decades. CBC.ca  

UPDATE 2-Australia's New Hope flags coal market volatility, Queensland slowdown   Sep 17, 2019
Prices for thermal coal have slumped 37% this year CO-FOBNWC-AU, however a recent bottoming out of Asian liquefied natural gas prices and emergent recovery this month suggests coal prices may ... Reuters  

In New Mexico rally, Trump vows to flip state won by Clinton in 2016   Sep 17, 2019
Your Border Wall is getting stronger each and every day — see you in a few hours!” New Mexico is rich in oil and natural gas, and Trump touted his support for the fossil fuel industry while assailing Democrats for their policies of promoting renewable ... Reuters  

Russia’s Energy Minister: Global Oil Stocks Can Cover Saudi Supply Gap   Sep 17, 2019
6 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal. 1 hour USA : Attack came from ... OilPrice  

UPDATE 1-Energy Transfer to buy SemGroup for $1.35 bln, announces new pipeline   Sep 17, 2019
Energy Transfer will also add SemGroup's crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas, as well as crude oil and natural gas liquids ... YAHOO!  

Oil falls more than 1% as market awaits response to Saudi oil attacks   Sep 17, 2019
TOKYO (Reuters) - Oil fell more than 1% on Tuesday as the market hung on tenterhooks following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices ... Reuters  

5 Top Stock Trades for Tuesday: SLB, XOM, KL   Sep 17, 2019
Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia ... YAHOO!  

Natural Gas Price Forecast – Natural gas markets continue to rally   Sep 17, 2019
Natural gas markets have gapped higher after the drone attract in the Saudi kingdom, ultimately showing signs of life again. Ultimately, this is a market that has a cyclical aspect to it that is ... YAHOO!  

Oil prices jump as attack on Saudi plant jolts supply   Sep 17, 2019
Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in ... YAHOO!  

Devon Energy Promotes David Harris to Executive Vice President, Exploration and Production   Sep 17, 2019
OKLAHOMA CITY, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Devon Energy Corp. (DVN) announced today that David Harris has been appointed to the position of executive vice president, exploration and production. YAHOO!  

Maha Energy AB (publ) (“Maha” or the “Company”) Announces Operational Update and Changes in Senior Management   Sep 17, 2019
After 6 years at Shell and Talisman ... develop underperforming hydrocarbon assets on global basis. The Company operates three oil fields, Tartaruga and Tie in Brazil and LAK Ranch, in Wyoming ... YAHOO!  

TSX rises 0.41 percent to 16,751.31   Sep 17, 2019
The most heavily traded shares by volume were Encana Corp <ECA.TO>, Baytex Energy Corp <BTE.TO> and Canadian Natural Resources Ltd <CNQ.TO>. - The TSX's energy group <.SPTTEN> rose 12.52 points, or 9.3 percent, while the financials sector <.SPTTFS> slipped ... YAHOO!  

Oil Prices Close 15% Higher On Record Trading Day   Sep 16, 2019
Oil prices spiked on Monday, two days after the largest oil disruption in history took place. Saudi Arabia lost 5.7 million barrels per day (mb/d) of production after the Abqaiq facility was attacked on Saturday, shuttering more than half of the country ... YAHOO!  

Natural Gas Price Prediction – Prices Rally But Close of Their Lows   Sep 16, 2019
Natural gas prices shot up early but traders sold into the breakout, leaving prices hanging on just above support. Prices continue to remain volatile, as storms continue to threaten infrastructure. YAHOO!  

Chevron Can Resume Saudi-Kuwait Oil Field Quickly If Needed: CEO   Sep 16, 2019
(Bloomberg) -- Chevron Corp. could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, Chief Executive Officer Mike Wirth said in an interview with CNBC. The zone ... YAHOO!  

As Oil Gets Volatile, Alberta Goes on Offensive to Woo Investors   Sep 16, 2019
Later in the week, he’s traveling to Ohio to tour a BP Plc and Husky Energy Inc. refinery and meet with energy industry stakeholders. His visit comes after a drone strike took half of Saudi Arabia’s output off the market, prompting a surge in global ... Bloomberg  

Green Party platform aims to transition economy, protect consumers, promote tax fairness   Sep 16, 2019
The Green Party also would eliminate fossil fuel subsidies worth several billion dollars annually, including those for liquefied natural gas (LNG), oil and gas projects and coal mining exploration and development. May said that, despite a promise to ... CBC.ca  

Shale Stocks Surge On Major Jump In Oil Prices   Sep 16, 2019
19 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018 22 hours Senator Elizabeth Warren Promises to Rebuild Russian ... OilPrice  

Targa Resources Partners LP Announces Monthly Distribution on Preferred Units   Sep 16, 2019
The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and selling natural gas; transporting, storing, fractionating, treating and selling ... YAHOO!  

Pioneer Natural plans to show financial discipline after Saudi attack   Sep 16, 2019
Major U.S. shale producers such as Pioneer Natural Resources (NYSE:PXD) say they are not planning to fill the void in global crude supplies left by the attack on Saudi oil facilities. "There will ... Seeking Alpha  

Little short-term change likely for U.S. oil market, Chevron CEO says   Sep 16, 2019
The attack on Saudi oil facilities will not have much impact on U.S. oil production in the short term but is a wake-up call to dangers in the oil market, Chevron (NYSE:CVX) CEO Michael Wirth told ... Seeking Alpha  

Exxon Mobil (XOM) Gains As Market Dips: What You Should Know   Sep 16, 2019
Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 0.28%. Coming into today, shares of the oil and natural gas company had gained 8.01% in the past month. In that same time ... YAHOO!  

Disrepair of U.S. Oil Reserve May Hamper Its Value in a Crisis   Sep 16, 2019
(Bloomberg) -- President Donald Trump said he may release oil from U.S. stockpiles to smooth out any price increases brought on by a strike at Saudi Arabian facilities, but the dilapidated state of the reserves and pipeline bottlenecks may limit the benefit. YAHOO!  

Should Suncor Energy Inc. (TSE:SU) Be Your Next Stock Pick?   Sep 16, 2019
I've been keeping an eye on Suncor Energy Inc. (TSE:SU) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe SU has a lot to offer. YAHOO!  

JPMorgan’s Kolanovic Says Oil at $80 Is Where S&P 500 Breaks   Sep 16, 2019
(Bloomberg) -- A surge in oil prices following a strike on Saudi Arabia’s crude production will have to get a lot bigger to cause serious trouble for the stock market, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic. The S&P 500 ... YAHOO!  

Oil surge won't help Alberta much, but there's upside for Canadian energy shares: analysts   Sep 16, 2019
Canadian Natural Resources Limited (CNQ.TO) added 12.04 per cent to $37.70, and Cenovus Energy Inc. (CVE.TO) jumped 12.95 per cent to $14.04 per share. “You have big, big numbers coming across oil prices, which is going to have a beneficial uplift to ... YAHOO!  

TransAlta Announces Transformative $2 Billion Clean Energy Investment Plan and Dividend Policy   Sep 16, 2019
TransAlta's plan includes converting three of its existing Alberta thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners. The Company will also convert ... YAHOO!  

Russia Capitalizes On America’s Thinly Stretched Middle East Focus   Sep 16, 2019
At that time, with proved reserves of 8.5 trillion cubic feet of natural gas and 2.5 billion barrels of oil, Syria was producing just over 316 billion cubic feet per day of dry natural gas and ... OilPrice  

US STOCKS-Wall Street drops after Saudi attacks, energy stocks spike   Sep 16, 2019
Shares of Apache Corp , Helmerich and Payne and Cimarex Energy jumped between 12% and 17% and led gainers on the S&P 500. The Saudi-led military coalition battling Yemen's Houthi movement said the attacks were carried out with Iranian weapons, raising the ... YAHOO!  

Nucor Announces Guidance for Third Quarter of 2019 Earnings   Sep 16, 2019
Included in the third quarter of 2018 results was a non-cash impairment charge of $110.0 million, or $0.26 per diluted share, related to our proved producing natural gas well assets. Also included ... YAHOO!  

Stocks - S&P Slumps Despite Rising Oil Fueling Energy Rally   Sep 16, 2019
Investing.com - Stocks moved lower overall on Monday in the wake of the drone attacks on Saudi Arabian oil facilities and oil fields. But energy shares jumped as crude oil saw their biggest one-day jump in nearly 30 years. The S&P 500 was off 0.31% ... YAHOO!  

Sempra Energy Named To Dow Jones Sustainability World Index   Sep 16, 2019
SoCalGas has a bold plan to replace 20% of its traditional natural gas supply with renewable natural gas by 2030, part of its vision to be the cleanest natural gas utility in North America. YAHOO!  

Kelcy Warren Misses Out on Oil Rally as Investors Punish Deal   Sep 16, 2019
Occidental Petroleum Corp. and Callon Petroleum Co. plunged after announcing deals to buy Anadarko Petroleum Corp. and Carrizo Oil & Gas Inc., respectively. Both buyers now have disgruntled billionaires knocking at the door: Carl Icahn is pushing ... Bloomberg  

Saudis To Buyers: You’ll Get Your Oil Volumes Despite Attack   Sep 16, 2019
Saudi Arabia’s state oil giant Aramco has informed some of its major Asian customers that they would receive all the oil supply they had contracted—although lighter grades would likely be ... OilPrice  

Oil’s Market Impact Just Not What It Used to Be   Sep 16, 2019
(Bloomberg Opinion) -- The main takeaway from the biggest-ever surge in oil prices after an attack wiped out about half of Saudi Arabia’s output capacity over the weekend is that it may not truly matter. The global stock market as measured by the MSCI ... YAHOO!  

Saudi Arabian attacks linked to higher oil prices, spark energy stock rally   Sep 16, 2019
Double-digit increases were posted by energy firms including Baytex Energy Corp. (up 16.5 per cent), Encana Corp. (up 16.3 per cent), MEG Energy Corp. (up 13.8 per cent), Canadian Natural Resources Ltd. (up 12.8 per cent) and Cenovus Energy Inc. (12.0 per ... YAHOO!  

Aramco’s Oil Disruptions Could Last Months: Analyst   Sep 16, 2019
Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil ... OilPrice  

Alberta oil security touted after Saudi attack   Sep 16, 2019
Alberta’s premier is pumping up the province’s oil industry for its "safety, stability, security" following drone attacks on Saudi Arabian sites which spiked global oil prices. Jason Kenney ... CTV News  

Markets Again Crack Record on Energy Stock Strength   Sep 16, 2019
The S&P/TSX Composite added 68.89 points to Friday’s all-time closing high, concluding Monday at 16,751.31 The Canadian dollar was down 0.15 at 75.49 cents U.S. The most heavily traded shares by volume were oil producers and explorers Encana, bouncing $1 ... YAHOO!  

Page 1 of 12