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U.S. demands Iran free seized ship, vows to protect Gulf oil lifeline   Jul 18, 2019
DUBAI (Reuters) - The United States on Thursday demanded Iran immediately release a vessel it seized in the Gulf and a U.S. military commander in the region said the United States would work ... Reuters  

Alberta oil and gas producer cleanup cost estimates set too low, says coalition   Jul 18, 2019
The coalition says Calgary-based Canadian Natural Resources Ltd. is facing the largest bill at $11.9 billion to clean up 73,000 oil, gas and bitumen wells in Alberta. Other companies on its top 10 list include Husky Energy Inc. (second highest at $2.17 ... YAHOO! News  

North Dakota Files Petition To Block Washington State From Restricting Oil Train Shipments   Jul 18, 2019
North Dakota filed a petition on the afternoon of July 17 asking the federal government to block the state of Washington from enforcing a law that would restrict crude oil-by-rail shipments that ... YAHOO! News  

Fluids Business Keeps Newpark Resources Rolling   Jul 18, 2019
With the success of the Shell (NYSE ... Over the medium to long term, the company expects to receive deals to provide completion fluids with major integrated oil companies operating in the Gulf ... Seeking Alpha  

Oil Falls to Four-Week Low on Trade, Oversupply Fears   Jul 18, 2019
(Bloomberg) -- Oil slid to the lowest in almost a month as pessimism about a trade truce between the U.S. and China continued to dog markets, while the resumption of Russian pipeline flows fed worries about a supply glut. Futures tumbled as much as 3.4% on ... YAHOO! News  

Total sells tainted Russian oil to PKN Orlen's Lithuania refinery: sources   Jul 18, 2019
VILNIUS/MOSCOW (Reuters) - France’s Total (TOTF.PA) has sold a cargo of contaminated Russian Urals oil to Poland’s PKN Orlen (PKN.WA) for its refinery in Lithuania, three sources familiar with ... Reuters  

77.8M acres in Gulf of Mexico for August oil, gas lease sale   Jul 18, 2019
NEW ORLEANS (AP) — The federal government will offer 77.8 million acres (31.5 million hectares) in the Gulf of Mexico for oil and gas exploration and development on Aug. 21. An Interior Department statement says the lease sale will include 14,585 tracts. Associated Press News  

Eni’s Oil Tanker Fiasco   Jul 18, 2019
After refusing last month to take an oil cargo over suspicions that its origin could have been at least partially Iranian, Italy’s oil major Eni has now filed a fraud complaint against its ex ... OilPrice  

Hot Commodities: Rattlesnakes, Whiskey And Uranium   Jul 18, 2019
saying that such a ruling would increase prices on power plants already struggling to survive with increases in renewables and natural gas. President Trump surprised many analysts and observers ... YAHOO! News  

The Biggest Challenges Facing America’s Nuclear Sector   Jul 18, 2019
As cheap natural gas prices out nuclear, more and more plants are going offline, and many of those that are hanging on are doing so in large part thanks to sizeable government subsidies. OilPrice  

Oil falls nearly 3% as U.S. Gulf production returns   Jul 18, 2019
NEW YORK (Reuters) - Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last ... Reuters  

Column: Bulging fuel stocks put spotlight on slack oil consumption   Jul 18, 2019
LONDON (Reuters) - Sluggish consumption growth is depressing oil prices even as Saudi Arabia and its allies try to prop up the market by cutting their production. U.S. refineries have so far this ... Reuters  

Exclusive: IEA revising oil demand growth forecast down on slowing economy   Jul 18, 2019
NEW DELHI (Reuters) - The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday. The IEA is revising its 2019 global oil demand ... Reuters  

China Data Breakdown: Oil Consumption Rises 5.8% In H1 2019   Jul 18, 2019
China’s crude throughput totaled around 316.97 million mt in the first half of 2019, up by 5.8% year on year, data from the National Bureau of Statistics showed. In June alone, China processed ... OilPrice  

Ministry of Mines and Energy of Brazil authorizes the transfer of 10% stake in Saturno block to Ecopetrol   Jul 18, 2019
Previously, this percentage was equally held by Shell ... of oil & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company's ... YAHOO! News  

Iran Claims It Seized Foreign Oil Tanker Smuggling Fuel In Gulf   Jul 18, 2019
Iran said on Thursday that its Islamic Revolution Guards Corps (IRGC) Navy had seized on Sunday a foreign oil tanker at Lark Island in the Strait of Hormuz, claiming that the vessel was loaded ... OilPrice  

Applying Technology To Sustainability Is A Win-Win For Business And Profit   Jul 18, 2019
That’s why companies like ExxonMobil and Schlumberger are working with Stanford and Environmental Defense Fund to uncover best in class mobile methane monitoring technologies that can help the oil and gas industry find and manage emissions in a faster ... Forbes  

Exxon downgraded at RBC as macro headwinds mount   Jul 18, 2019
Exxon Mobil (NYSE:XOM) -0.4% pre-market as RBC Capital's Biraj Borkhataria downgrades shares to Sector Perform from Outperform and cuts his stock price target to $90 from $100, saying "macro ... Seeking Alpha  

North Dakota Oil Production Holds Stable Near Record Mark   Jul 18, 2019
Though a number of companies have built sizeable acreage positions in North Dakota, we have shortlisted three of them – Hess Corporation HES, Oasis Petroleum and Marathon Oil Corporation MRO – that might warrant attention. Each carrying Zacks Rank #3 ... YAHOO! News  

U.S. Oil Stocks Fall for a Fifth Week, Fuel Supplies Swell   Jul 18, 2019
The data from EIA generally acts as a catalyst for crude prices and affect producers, such as ExxonMobil XOM, Chevron CVX and ConocoPhillips COP, and refiners such as Valero Energy VLO ... YAHOO! News  

Iran's Revolutionary Guard says it seized foreign oil tanker   Jul 18, 2019
Iran's paramilitary Revolutionary Guard forces have seized a foreign oil tanker accused of smuggling oil with a crew of 12, Iran's state TV reported Thursday, just days after an oil tanker based in the United Arab Emirates disappeared off trackers in ... CBC.ca  

Oil rises after Iran says it seized foreign tanker in Gulf   Jul 18, 2019
LONDON (Reuters) - Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports. YAHOO! News  

State TV says Iranian forces have seized a foreign oil tanker and its crew   Jul 18, 2019
TEHRAN, Iran -- Iran's paramilitary Revolutionary Guard forces seized a foreign oil tanker accused of smuggling oil, Iran's state TV reported Thursday. The vessel appears to be a United Arab Emirates-based tanker that had disappeared off trackers in ... CTV News  

Iran Seized Ship `Smuggling' Oil Days Ago, Stoking Gulf Tensions   Jul 18, 2019
(Bloomberg) -- Iran’s Revolutionary Guard seized a foreign vessel smuggling fuel in the Persian Gulf on July 14, according to state media reports, which contained details that closely match those of a small tanker that disappeared in Iranian waters on ... YAHOO! News  

Sensex, Nifty end lower as Yes Bank drags   Jul 18, 2019
Yes Bank settled 12.8% lower, with volumes exceeding twice its 30-day averages. Oil and Natural Gas Ltd ended 4.4% down. (Reporting By Arnab Paul in Bengaluru; Editing by Rashmi Aich) YAHOO! News  

Oil edges lower after rise in U.S. gasoline stocks   Jul 18, 2019
LONDON (Reuters) - Oil edged lower on Thursday, unable to shake off the downbeat mood of the last two days in response to a sharp rise in U.S. stockpiles of products such as gasoline, pointing to ... Reuters  

Revolutionary Guards impound foreign oil tanker in the Gulf - state TV   Jul 18, 2019
DUBAI (Reuters) - Iran has seized a foreign tanker smuggling fuel in the Gulf, state television quoted Iran’s Revolutionary Guards as saying on Thursday. “A foreign vessel smuggling one ... Reuters  

TSX futures edge up as oil prices rise   Jul 18, 2019
(Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Thursday, as oil prices gained after Iran said it had seized a foreign tanker smuggling fuel in the Gulf. Reuters  

UPDATE 1-Russian oil output back to OPEC deal levels -Novak   Jul 18, 2019
ST PETERSBURG/MOSCOW, July 18 (Reuters) - Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise ... Reuters  

Cheaper energy pulls Canada's inflation rate down to 2% in June   Jul 18, 2019
Natural gas and electricity prices rose a little, but they were offset by much cheaper prices for every other type of energy. Part of the reason for cheaper energy is rising inventories in the U.S. are driving down prices, but also, Alberta's scrapping of ... CBC.ca  

 Energy price drop in June 2019 in Canada pulled the country's inflation down to 2%. Gasoline had the highest price drop of -9.2% during 12 months ending June 2019.


Iran seizes foreign oil tanker in Strait of Hormuz, state TV reports   Jul 18, 2019
TEHRAN — Iran's Revolutionary Guard forces have seized a foreign oil tanker accusing 12 crew members of smuggling oil, state TV reported on Thursday. The seizure comes as tensions mount between the United States and Iran over the unraveling nuclear deal ... NBC News  

 Iran's Revolutionary Guard seized an oil tanker accusing it of smuggling 1 million liters of fuel. The origin of the ship and the crew is yet unknown.


PRESS DIGEST- Canada- July 18   Jul 18, 2019
tgam.ca/2xTY4k2 ** A joint venture led by Chevron Corp is proposing to rely on two energy plays in British Columbia and Alberta to help supply an export terminal for liquefied natural gas on the West Coast. tgam.ca/2xVaYOB Reuters  

Oil Rises After Iran Confirms It Seized Fuel Tanker in the Gulf   Jul 18, 2019
Oil extended gains after Iran confirmed it had seized a foreign oil tanker in the Persian Gulf earlier this week. Brent crude gained as much as 1.3%, reversing some of the heavy losses the global benchmark suffered in the previous two sessions. Iran’s ... Bloomberg  

Oil Price Fundamental Daily Forecast – Bearish Tone after US Says Iran Prepared to Negotitate   Jul 18, 2019
U.S. West Texas Intermediate and international-Benchmark Brent crude oil futures are rebounding early Wednesday following yesterday’s steep sell-off. Traders are making a price adjustment in reaction to a smaller than expected drop in U.S. crude inventories. YAHOO! News  

Russian oil output at levels agreed under OPEC deal: Novak   Jul 18, 2019
ST PETERSBURG (Reuters) - Russian oil output has reached levels agreed under the deal between OPEC and non-OPEC oil exporters, and its output in the last two weeks of July will be higher than in the first two, Energy Minister Alexander Novak said on Thursday. Reuters  

SM Energy reports Q2 production results, revises 2019 guidance   Jul 18, 2019
SM Energy (NYSE:SM) Q2 production of 12.4 MMBoe (136.5 MBoe/d), is up 16% sequentially, on performance from both the Permian and South Texas exceeding expectations. Cost incurred in oil and gas ... Seeking Alpha  

Hibernia platform shut down after oil spill off Newfoundland   Jul 18, 2019
The province's offshore has been in hot water in recent months, after Husky Energy spilled 250,000 litres of oil into the North Atlantic in November. It was the largest spill in the history of the province's offshore. The spill resulted in the shutdown of ... CBC.ca  

China Sinopec says H1 natural gas output up 6.8% y/y   Jul 18, 2019
* China Petrochemical Corp, or Sinopec Group, said on Thursday its natural gas output rose 6.8%, or 940 million cubic metres, in the first half of 2019 versus a year earlier * The state oil and ... Reuters  

 Natural gas output of Sinopec Group in China raised 940 million cubic meters as the corporation increased the number of new wells by 121.


Ukraine election: President's party leads, majority unclear   Jul 18, 2019
He said Ukraine could get a 25% discount on natural gas imports from Russia if it takes steps that satisfy the Kremlin. As a close associate of the Russian president -- Putin is the godfather of Medvedchuk's daughter -- his statements likely reflect ... CTV News  

UPDATE 1-Occidental urges shareholders to reject activist Icahn's proposal   Jul 18, 2019
like its $38 billion bid for Anadarko Petroleum. Icahn is calling on the board to set a record date to determine which shareholders could petition to hold a special meeting. Icahn, one of industry ... YAHOO! News  

Oil Near $57 as U.S. Fuel Stockpile Gain Feeds Demand Fears   Jul 18, 2019
(Bloomberg) -- Oil traded near a two-week low as an increase in U.S. fuel stockpiles heightened fears that demand is waning in the world’s biggest crude consumer. Futures were up 0.2% in New York after dropping 1.5% on Wednesday. American gasoline and ... YAHOO! News  

America’s Hottest Shale Play Is Slowing Down   Jul 18, 2019
Consolidation More Permian drillers are combining after the blockbuster $38 billion Occidental Petroleum Corp. takeover of Anadarko Petroleum Corp. two months ago. Callon Petroleum Co. agreed to buy Carrizo Oil & Gas Inc. for about $1.2 billion in an all ... YAHOO! News  

CN to rebuild key rail bridge connecting N.W.T. and southern Canada   Jul 18, 2019
CN Rail is rebuilding the 110-metre span. The project will be funded by Imperial Oil and Suncor. Work is expected to be complete by the middle of August, according to a media release from CN. The approaches to the bridge will be rebuilt with concrete and ... CBC.ca  

Gas Indonesia Summit & Exhibition 2019: Convening the Fullstream Gas, LNG and Energy Community in Indonesia   Jul 18, 2019
Throughout the summit, conference delegates and participants can look forward to hearing insights on the business opportunities across Indonesia's natural gas market, the latest policy and ... YAHOO!  

Britain Is Turning Into a Hot Spot for Natural Gas Storage Sites   Jul 18, 2019
Two years after the U.K.’s largest natural gas storage site slipped into retirement, demand for new places to keep the fuel is ratcheting up. “There is more demand in the market than we can satisfy with Islandmagee,” said John Wood, the chief ... Bloomberg  

Eni files fraud complaint, rejigs trading arm over oil tanker fiasco   Jul 18, 2019
LONDON/MILAN (Reuters) - Eni has filed a fraud complaint against its former head of oil trading over a suspect Iraqi crude oil shipment, amid concerns inside the Italian oil major that the failed delivery may have included Iranian crude targeted by U.S ... Reuters  

Oil Prices Rise; EIA Reports Larger-than-Expected Drop in U.S. Crude Inventories   Jul 18, 2019
Investing.com - Oil prices rose on Thursday in Asia as data showed U.S. crude inventories fell more than expected last week. U.S. Crude Oil WTI Futuresinched up 0.1% to $56.84 by 11:56 PM ET (03 ... YAHOO!  

CN, Imperial Oil, and Suncor to rebuild Steen River Rail Bridge   Jul 18, 2019
CALGARY, Alberta, July 16, 2019 (GLOBE NEWSWIRE) -- CN (CNR.TO) (CNI) announced today that it will rebuild the rail bridge over the Steen River in Alberta. Imperial and Suncor are contributing ... YAHOO! News  

Gas price inquiry questions Trans Mountain capacity, company denies collusion   Jul 18, 2019
Representatives from Shell also told the panel the market is competitive, adding the company sets wholesale prices independently ... only if 20 per cent of the capacity is taken up by heavy oil. But it rarely reaches that threshold of heavy oil and Allan ... CTV News  

Natural Gas Price Prediction – Prices Trade Sideways, Ahead of Inventory Report   Jul 18, 2019
Natural gas prices edge higher but traded sideways ahead of Thursday’s inventory report from the Energy Information Administration. Expectations are for stockpiles to rise by 66 Bcf compared to ... YAHOO!  

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