Page 10 of 11
News
view:
Links to the news articles will open in their original format as published by their providers. 
Saudi Arabia may raise July oil prices to Asia - survey   Jun 01, 2020
Top oil exporter Saudi Arabia is expected to raise its official selling price (OSP) for all grades it sells to Asia in July, to track a jump in Middle East benchmarks although overall weak refining margins could cap price gains, YAHOO!  

Oil prices edge up ahead of upcoming OPEC+ meeting   Jun 01, 2020
Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. YAHOO!  

How this week changed America forever   Jun 01, 2020
Racism has become a one-sided issue in America. Can you imagine? That it hasn’t always been is our nation’s stain. YAHOO!  

Oil Price Fundamental Weekly Forecast – Traders Eyeing Russia’s Response to Output Cut Extension   Jun 01, 2020
The wildcard over the next few months is going to be a second-wave of coronavirus outbreaks. South Korea is going back to strict restrictions. YAHOO!  

OPEC+ Set to Discuss Short Extension of Oil Production Cuts   Jun 01, 2020
OPEC+ is set to discuss a short extension of its current output cuts, according to a delegate, as the cartel considers bringing forward its next meeting a few days to June 4.The cartel and its allies are considering extending the current cuts for one to three months, YAHOO!  

S.Korea's May crude oil imports drop 8.2% y/y - preliminary data   Jun 01, 2020
South Korea's May crude oil imports fell 8.2% to 77.2 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed on Monday. Final data will be released later this month by state-run Korea National Oil Corp (KNOC). Reuters  

Could The Worst Be Over For America’s Oil Frackers?   May 31, 2020
Shares are down 40% in the past year. And then there’s Occidental Petroleum, the big oil company in the direst of straits. Oxy OXY had already slashed its quarterly dividend from 79 cents per share to 11 cents, and on Friday said it was taking it all the way down to 1 cent per share (something CEO Vicki Hollub should have done in the first ... Forbes  

The World Has Too Many Oil Refineries   May 31, 2020
Several years of heightened investment led to a record amount of new refining capacity, some of which will be underutilized as demand for oil products has taken a major hit because of the COVID-19 pan OilPrice  

Oil Declines as U.S. Riots, China Tensions Muddy Demand Outlook   May 31, 2020
Oil slipped in Asia following a weekend of civil unrest in the U.S. and as President Donald Trump escalated his war of words with China, raising fresh doubts on the prospects for a recovery in demand. Bloomberg  

Solar Stocks Are Leading The Energy Market Recovery   May 31, 2020
Renewables stocks have outperformed the broader energy markets in the last couple of months, and expectations are that they will continue to rise as lockdowns are eased around the world Crude Oil Prices  

Why The World’s Largest Asset Manager Has Seen Its Shares Soar   May 31, 2020
Blackrock, the world’s largest asset manager has seen its share price surge as it doubled down on renewables investment Crude Oil Prices  

Alberta woman can't fathom why husband, uncle slain on hunting trip   May 31, 2020
Jacob Sansom, 39, and Maurice Cardinal, 57, were found shot to death on a rural road in northern Alberta two months ago. The younger man's widow still can't fathom why. CBC.ca  

Enerplus: A Desirable Contrarian Investment Opportunity   May 31, 2020
The recent oil price crash has offered investors various contrarian investment opportunities, however, selecting the correct one can be tricky. The two most imp Seeking Alpha  

China's Unipec suspends imports of U.S. oil   May 31, 2020
Global Energy China's Unipec suspends imports of U.S. oil. Posted . China's Unipec, the trading arm of state oil major Sinopec, has suspended imports of crude oil from the United Reuters  

Commodity Weekly: Crude Oil Frets Geopolitics, Sluggish Demand Bounce   May 31, 2020
Commodities trading was mixed during the final week of May. A month that turned out to be the come-back month for many markets following the Covid-19 related collapse seen during Q1. YAHOO!  

Solar Plant Starts Feeding Power to Oil Companies in Oman   May 31, 2020
Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest photovoltaic solar plant. Bloomberg  

Natural Gas Price Prediction – Prices Hold Support as Rig Count Fales   May 31, 2020
Natural gas prices moved lower on Friday, despite a 2-rig drop during the current week. Prices pushed through support but rebounded to close above support levels. The weather is expected to be warmer than normal for the next 2-weeks throughout the middle of the United States. YAHOO!  

Fire aboard Terra Nova FPSO extinguished without injury   May 31, 2020
Newfoundland and Labrador's offshore oil regulator says it was notified early Saturday morning of a fire aboard the Terra Nova FPSO. CBC.ca  

Climate Crusaders vs. Big Oil: Who Will Win the Legal Row?   May 31, 2020
Climate suits against Big Oil and other fossil fuel companies cruise to state court proceedings following Ninth Circuit's ruling. YAHOO!  

Protecting the Dividend at Any Cost Is a Real Risk to Exxon Mobil Stock   May 31, 2020
Exxon Mobil (NYSE:XOM), the world's largest energy producer, hasn't had a great year. Exxon Mobil stock has shed 36.1% of its value since December, and it certainly isn't alone.Source: Shutterstock The novel coronavirus pandemic has wreaked havoc across all markets, YAHOO!  

U.S. senators expected to introduce sanctions on Russia's Nord Stream 2   May 31, 2020
Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying to finish, but which Washington has opposed since the Obama era, a source familiar with the matter said on Friday. YAHOO!  

Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues   May 31, 2020
Marathon Oil (NYSE:MRO) is one of the many oil and gas producers pushed to the limit due to the novel coronavirus. MRO stock has shed 56% of its value since December 2019, whereas the SPDR Energy Select Sector exchange-traded fund dropped 35% in the same period. YAHOO!  

A Nightmare Scenario For Offshore Oil   May 30, 2020
The offshore oil industry is facing a growing number of impossible challenges, leaving the future of the sector increasingly uncertain OilPrice  

Only One Oil Major Is Betting Big On Renewable Energy   May 30, 2020
Oil majors are slowly warming up to investing in renewable energy projects, but not every oil company is putting its money where its mouth is OilPrice  

Oil: WTI, Brent & the battle for world dominance   May 30, 2020
The stories of WTI and Brent crude -- each an oil market benchmark -- reflect decades-long shifts in global demand for crude. YAHOO!  

Fire extinguished on Suncor offshore oil vessel that faces uncertain future   May 30, 2020
A fire on the idled Terra Nova oil facility that Suncor Energy operates off the coast of Newfoundland & Labrador has been extinguished, the energy regulator for the province said on Saturday, even as the vessel faced an uncertain future. Reuters  

Fire onboard Terra Nova FPSO, extinguished without injury   May 30, 2020
Newfoundland and Labrador's offshore oil regulator says it was notified early Saturday morning of a fire onboard the Terra Nova FPSO. The Canada-Newfoundland and Labrador Offshore Petroleum Board said that it had been told by Suncor Energy that the fire was extinguished, CBC.ca  

Is Lebanon’s Natural Gas Boom Dead In The Water?   May 30, 2020
Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons, once found and deemed commercially viable OilPrice  

Oil And Gas Rig Count Falls For Ninth Straight Week   May 30, 2020
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, declining along with production OilPrice  

The Next Big Wildcard For Oil Markets   May 30, 2020
Crude futures have seen an almost unprecedented rally in May, but demand concerns combined with fears of a second outbreak are capping oil prices OilPrice  

As economy falters, restaurateurs look back at oil boom that gave rise to fine dining   May 30, 2020
The once-thriving restaurant scene in St. John's is preparing for lean years, as a pandemic and plummeting oil prices inflict pain on an already fragile economy. CBC.ca  

Oil supply ship to resume search for missing fishing boat off St. Lawrence   May 30, 2020
The Paul A. Sacuta is a supply vessel for the offshore oil industry, operating with Atlantic Towing to support the Hibernia platform. CBC.ca  

Algeria's Sonatrach becomes majority shareholder in Medgaz pipeline   May 30, 2020
Algeria's Sonatrach has become the main shareholder in the Medgaz pipeline after acquiring an additional 19.10% stake from Spain's Cepsa, the state-owned energy firm said on Saturday. Reuters  

Turkey’s Dangerous Energy Play Is Putting The Entire Region At Risk   May 30, 2020
In the world of energy geopolitics and economics are closely linked to each other. The exploitation of oil and gas reserves is a major source of income for energy-rich countries and therefore tension and competition. Crude Oil Prices  

Today in Entertainment History   May 30, 2020
The Beatles began recording the "White Album." In 1978, Swan Song Records announced that Led Zeppelin had entered the recording studio for the first time since the death Associated Press  

Irving will reopen dormant Come By Chance oil refinery, minister says   May 30, 2020
In another shakeup in the Newfoundland and Labrador oil sector, Irving Oil announced Thursday that it has reached an agreement to purchase the idled refinery at Come By Chance. CBC.ca  

ConocoPhillips Closes Australian Asset Divestment to Santos   May 30, 2020
ConocoPhillips (COP) intends to use the proceeds from the Australian asset divestment for general corporate purposes. YAHOO!  

Hedge Funds Are Warming Up To Kinder Morgan Inc (KMI)   May 30, 2020
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. YAHOO!  

New Jersey Natural Gas Files to Lower Rates for Customers   May 30, 2020
Filings to the New Jersey Board of Public Utilities Propose 1.3 Percent Rate Decrease for the Typical Residential Heating Customer. New Jersey Natural Gas (NJNG), the regul YAHOO!  

S&P Sees Abu Dhabi, Bahrain Economies Contracting on Oil, Virus   May 30, 2020
Abu Dhabi’s economy will contract 7.5% this year, S&P Global Ratings said, citing lower oil production and the coronavirus pandemic. “Abu Dhabi’s fiscal position is underpinned by hydrocarbon revenue and affected by oil-price movements, Bloomberg  

Saudi Oil Flood to China Persists Despite Historic Output Cuts   May 30, 2020
An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus. YAHOO!  

FuelCell Energy Preferred: The Top 10 Reasons To Consider This 14.7% Green Energy Yielder   May 30, 2020
FCEL has emerged as a much stronger company after surviving a near-death experience in 2019. The FCELB preferred stock provides a generous 14.7% yield and is a Seeking Alpha  

Oil Price Rally Breaks Records In May   May 30, 2020
Early signs of growing demand for crude oil have prompted a market optimism that set the stage for the benchmark’s best-ever monthly performance OilPrice  

Oil Prices Slide As U.S.-China Tensions Return   May 30, 2020
The recent oil price rally appears to have stalled as tensions between the U.S. and China weigh on energy markets and the rebound in global demand appears to slow OilPrice  

Occidental Petroleum holders elect board, increase shares and authorize Berkshire warrants   May 30, 2020
Shareholders also authorized share warrants awarded to Berkshire Hathaway Inc <BRKa.N> under a financing deal. The company did not disclose vote tallies during the meeting. Occidental posted a $2.2-billion first-quarter loss from write downs and the about 45% collapse in oil prices this year amid the COVID-19 pandemic. YAHOO!  

Occidental cuts dividend to a penny; shares dive 5%   May 30, 2020
Occidental Petroleum Corp cut its quarterly dividend to just a penny per share on Friday after having slashed it 86% in March to save cash after a historic plunge in oil prices. Reuters  

Graphic - Lasting contango in oil: market spread to outlast supply-demand imbalance   May 30, 2020
While vast cuts by producer countries and renewed fuel consumption from easing coronavirus lockdowns may soon rebalance oil supply and demand, some analysts and traders see a glut in storage keeping the market in contango for much longer. YAHOO!  

Oil surges 5% on U.S.-China trade optimism, falling crude output   May 30, 2020
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. Both benchmarks s YAHOO!  

The Oil Storage Crisis Is Far From Over   May 30, 2020
Despite the tremendous comeback rally in crude, oil storage units remain painfully squeezed, raising the risk of another huge oil rout OilPrice  

U.S. pipeline operator Energy Transfer warns of coming job cuts   May 30, 2020
U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business. Marshall McCrea, YAHOO!  

Page 10 of 11