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Drones are making refineries and petrochemical plants safer, more efficient   May 20, 2019
ExxonMobil’s Baton Rouge refinery, for example, has used UAVs equipped with remote visual HD cameras to perform comprehensive inspections, which goes a long way toward saving maintenance costs ... Houston Chronicle  

Oil edges higher as OPEC+ says to stay the course   May 20, 2019
Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. Oil prices edged up to near multi ... Reuters  

Xcel Energy plans to end coal use in Upper Midwest by 2030   May 20, 2019
The Minneapolis-based utility also announced plans Monday to expand wind and solar, use cleaner natural gas and operate its carbon-free nuclear plant in Monticello, Minnesota, until at least 2040. Xcel reached agreement with environmental and labor groups ... Associated Press  

Oil Price Fundamental Daily Forecast – Production Cut Extension Chatter Boosting Prices   May 20, 2019
U.S. West Texas Intermediate and international-benchmark crude oil futures are trading higher on Monday while giving back some of its earlier gains. The early surge was fueled by comments from ... Yahoo Finance  

Oil Rebounds as OPEC+ Restraint Outshines Trade-War Uncertainty   May 20, 2019
(Bloomberg) -- Oil bounced back from a mid-session slump, as hints of extended production cuts by top crude producers overshadowed U.S. President Donald Trump’s latest provocation in the trade ... Yahoo Finance  

Uniper tests interest in its German LNG import project, seeks partner   May 20, 2019
LONDON, May 20 (Reuters) - Germany’s Uniper started on Monday to test the interest of gas companies in using its proposed liquefied natural gas (LNG) terminal in Germany and said it was also seeking a partner in the company operating the terminal. Reuters  

Yamal LNG spot volumes on the rise, adding to oversupply   May 20, 2019
LONDON, May 20 (Reuters) - Liquefied natural gas (LNG) available for spot purchase from Russia’s Yamal plant is climbing as companies with long-term contracts take their time to ramp up ... Reuters  

ATP World Tour Schedule   May 20, 2019
Dec. 31-Jan. 5 — Tata Open Maharashtra, HO (Kevin Anderson) Dec. 31-Jan. 5 — Qatar ExxonMobil Open, HO (Roberto Bautista Agut) Dec. 31-Jan. 6 — Brisbane International, HO (Kei Nishikori) Jan. 6-12 — Sydney International, HO (Alex de Minaur ... Associated Press  

The Single Most Bullish Indicator For Oil   May 20, 2019
Oil prices have gone through a significant correction over the past few weeks, with WTI crude dropping from a six-month high of $66.30/barrel on April 23 to $61.04/barrel on May 13. While prices ... OilPrice  

Oil Companies Join Corporate Lobbying Push for U.S. Carbon Tax   May 20, 2019
(Bloomberg) -- Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their ... Yahoo Finance  

Xebec Provides Update on Asian Renewable Natural Gas Market   May 20, 2019
MONTREAL, April 29, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (XBC.V) (XEBEF) (“Xebec”), a global provider of renewable natural gas (RNG) solutions, is pleased to note that the Chinese ... Yahoo Finance  

Belarus to resume transit of Russian oil towards Poland at midnight -Belneftekhim   May 20, 2019
MINSK, May 20 (Reuters) - Belarus may resume oil transit from Russia towards Poland at midnight on Monday, Belarus state energy group Belneftekhim said. A spokesman said the group expects to ... Reuters  

Israel investigates hydrocarbon leak at Oil Refineries unit Gadiv   May 20, 2019
JERUSALEM (Reuters) - Israel’s Oil Refineries (ORL) said on Monday it had been informed of an investigation by the Ministry of Environmental Protection at its Gadiv Petrochemical Industries unit. Reuters  

ConocoPhillips' CEO Addresses the Elephant in the Room   May 20, 2019
The oil industry has been buzzing over the epic battle for control of Anadarko Petroleum (NYSE: APC) and its prime position in the Permian Basin. Oil titan Chevron (NYSE: CVX) initially beat out ... Yahoo Finance  

Equinor: Weaker Revenue, Resilient FCF, Dividends Into Shareholders' Coffers   May 20, 2019
In the peer group comprised of Exxon Mobil (XOM), Chevron (CVX), Total SA, BP, Royal Dutch Shell (RDS.A, RDS.B), ConocoPhillips (COP), and Eni (E), Equinor is in third place with a 9.2% levered ... Seeking Alpha  

Exclusive: Western buyers freeze payments for contaminated oil in extended Russian outage   May 20, 2019
MOSCOW (Reuters) - Total and Eni have stopped payments for the contaminated oil ... Shell. It was also meant to be shipped to PKN Orlen and Grupa Lotos refineries in Poland. "To date no company ... Yahoo Finance  

Shell Unveils Its Most Advanced Fuel Ever with the Latest Formulation of Shell V-Power® NiTRO+ Premium Gasoline   May 20, 2019
Shell Oil Company is an affiliate of Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states ... Yahoo Finance  

11 big things: Slack's S-1 & Uber's shrinking expectations   May 20, 2019
3. Permian hostilities In what one industry analyst described as "a very bad idea," Occidental Petroleum announced a hostile takeover bid this week for Anadarko Petroleum, a deal that would allow ... Yahoo Finance  

Operating Leverage Is At Its Best With Baytex Energy   May 20, 2019
Operating cash flow doubled from the fourth quarter to the first quarter to C$221 million. Operating leverage is far less dangerous than financial leverage. The company reported profits in the ... Seeking Alpha  

Russia says to resume talks with Belarus on oil transit on Monday   May 20, 2019
MOSCOW, May 20 (Reuters) - Russia and Belarus will resume talks on the resumption of oil supplies via the Druzhba pipeline on Monday, Ilya Dzhus, a spokesman for Russian Deputy Prime Minister ... Reuters  

Ukraine suspends transit of Russian oil to EU due to MOL problems   May 20, 2019
KIEV, May 20 (Reuters) - Ukraine’s UkrTransNafta said that several hours after resuming transit of Russian oil to the European Union on Monday it had suspended it after Hungarian oil company MOL ... Reuters  

KKR and Western Natural Resources Form Partnership to Pursue Oil and Gas Investments in Williston Basin   May 20, 2019
KKR, a leading global investment firm, and Western Natural Resources, LLC ("Western") today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin. Yahoo Finance  

Exclusive: Western buyers freeze Russian payments over dirty oil outage   May 20, 2019
MOSCOW (Reuters) - Total and ENI have stopped payments to the Russian firms who sold them contaminated oil and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what they say is the worst disruption to Russian ... Reuters  

Refineries must agree division of tainted oil to clear pipeline: PKN   May 20, 2019
WARSAW (Reuters) - Poland cannot get clean oil from Russia until refineries have agreed how to divide the contaminated oil still in the Druzhba pipeline, the chief executive of Polish refiner PKN Orlen said on Monday. Flows through the pipeline were ... Reuters  

Brent Crude Oil Price Update – Holding Above $71.31 Puts Market in Bullish Position   May 20, 2019
Brent crude oil futures finished higher last week on concerns over supply disruptions in the Middle East. The week started with Saudi Arabia reporting a drone attack on its infrastructure. Yahoo Finance  

Oil traders try to ship dirty Russian crude to Asia   May 20, 2019
SINGAPORE/MOSCOW (Reuters) - Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. Reuters  

Greenpeace activists block BP London HQ demanding end to oil exploration   May 20, 2019
LONDON (Reuters) - Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies ends all new oil and gas exploration ... Reuters  

Natural Gas Price Futures (NG) Technical Analysis – Bullish Weather Picture Could Spike Prices to $2.762 Over Near-Term   May 20, 2019
Natural gas traders could face a major decision this week with the prospect of summer demand growth driving the bullish traders and bearish storage builds attracting the interest of the bearish ... Yahoo Finance  

BP headquarters blockaded by climate activists   May 20, 2019
The action took place just weeks after protesters carried out a similar operation targeting Shell's headquarters ... he can immediately end oil exploration and start switching to 100% renewables or wind down the company. Yahoo Finance UK and Ireland  

Base Oil Market Is Ready To Grow USD 42 billion by 2024   May 20, 2019
Key players profiled in the report include Exxon Mobile Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and Chevron Corporation. Other market players profiled in this research report include British Petroleum plc, Sinopec Group, GS Caltex ... MarketWatch  

BP Employees Working From Home as Greenpeace Blockades London HQ   May 20, 2019
blockaded parts of London and vandalized Royal Dutch Shell Plc’s U.K. headquarters to draw attention to a “climate emergency.” Greenpeace said Monday it will stop protesting at BP if the company ends its investment in oil and gas entirely and becomes ... Bloomberg L.P.  

Shale Oil Producers In An Era Of Energy Abundance: It's All About Cost Efficiency   May 20, 2019
And ConocoPhillips has the lowest overhead costs in the business. I've been getting a lot of investor resistance to my "no moat" theme (see: Energy Companies' Big Problem? There's No Moat ... Seeking Alpha  

Global Petroleum Coke 2019 Market Share, Trends, Segmentation & Forecast To 2024   May 20, 2019
Essar Oil Landbridge Group Nippon Coke& Engineering Sinopec Asbury Carbons ExxonMobil Shell CNPC Indian Oil British Petroleum Saudi Aramco Luqing Petrochemical Sumitomo Reliance CNOOC Ferrolux CPC MPC Shaanxi Coal and Chem Atha ConocoPhillips Valero Energy ... MarketWatch  

Global Quenching Oil Market Size, Analysis, Growth ratio, Top Players and Future Forecasts to 2028 | Gulf Oil-Houghton, Idemitsu Kosan, FUCHS   May 20, 2019
Major players profiled in the report include Gulf Oil-Houghton, Idemitsu Kosan, FUCHS, JX Holding, Mobil Industrial Lubricants, LUKOIL, Dow, Valvoline, BP Castrol, Chevron, Total S.A., ConocoPhillips, CPC, Eni. You Can Request Demo Version of Report Before ... MarketWatch  

Russia Reviewing a Number of Options on Oil Production, Says Novak   May 20, 2019
00:00Thank you Mr. Novak for your time here in Jeddah. A lot has changed as last time we spoke in Baku a lot of tension in the market. We've seen last supplies from Iran Venezuela the North Sea. Even for you at home we've heard that at this meeting you ... Bloomberg L.P.  

Political risks may be supporting oil prices, but that's likely just short term, JP Morgan says   May 20, 2019
Oil prices jumped on Monday after Saudi Arabia indicated a possible rollover of output curbs amid political supply risks, but that support is likely to be short-lived due to fundamental changes in the energy industry, an expert said on Monday. "It's ... Finance Yahoo  

Weekly Top Insider Buys Highlight for the Week of May 17   May 20, 2019
Phillips 66 is an American international energy company. It was formed as an independent company when ConocoPhillips executed a spin-off of its downstream and midstream assets. The company focuses ... Yahoo Finance  

Oil Prices Jump as OPEC Signals Continued Production Cuts   May 20, 2019
Investing.com - Oil prices jumped on Monday in Asia after OPEC+ members indicated intentions to maintain production cuts for the rest of the year. U.S. Crude Oil WTI Futures rose 1.3% to $63.75 by ... Yahoo Finance  

GLOBAL MARKETS-Asian shares steady after slump, oil jumps on Saudi comments   May 20, 2019
SHANGHAI, May 20 (Reuters) - Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after ... Reuters  

Asian shares steady after steep losses; Saudi comments lift oil   May 20, 2019
SHANGHAI (Reuters) - Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. In early trade, MSCI’s broadest index of Asia ... Reuters  

Oil companies dodge tax bills under Trump reforms, study says   May 20, 2019
Despite earning billions of dollars in profits, companies like Halliburton, Chevron, Occidental Petroleum and EOG Resources were able to claim tens of millions in tax rebates, according to a study earlier this month by the Institute on Taxation and ... Houston Chronicle  

Oil jumps as Saudi Arabia suggests OPEC+ to keep production cut plan   May 20, 2019
SYDNEY (Reuters) - Oil prices jumped as much as 1 percent on Monday after Saudi Energy Minister Khalid al-Falih indicated there was consensus among OPEC and allied oil producers to continue ... Reuters  

Iran’s Trick To Sell Oil For A 30% Premium   May 20, 2019
6 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader Given the U.S.’s deployment earlier this month of an aircraft ... OilPrice  

Oil Jumps as OPEC Signals Continued Cuts and U.S. Threatens Iran   May 20, 2019
(Bloomberg) -- Oil started the week strong after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while U.S. tensions with Iran ratcheted up as President Donald Trump threatened the country in ... Finance Yahoo  

Japan's Unexpected GDP Growth Comes With Reasons for Caution   May 20, 2019
The drop in imports was led by crude oil and natural gas, they said.Slowing global growth--especially in China, Japan’s biggest market--and rising trade tensions have hit corporate sentiment and business investment, which had supported Japan’s economy ... Finance Yahoo  

Rocket attack hits near U.S. Embassy in Baghdad's Green Zone   May 19, 2019
Employees of energy giant ExxonMobil have also begun evacuating from an oil field in the southern Iraqi province of Basra. On Sunday, Iraqi Oil Minister Thamer al-Ghadban said in a statement that he sent a letter to ExxonMobil asking for clarifications ... CTV News  

OPEC Signals Intention to Keep Oil Supply Constrained All Year   May 19, 2019
(Bloomberg) -- Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in the ... Finance Yahoo  

Oil Jumps After OPEC Signals Intent to Continue Output Cuts   May 19, 2019
Oil made a strong start to the week after Saudi Arabia and other OPEC producers signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. Brent futures rose as much as 1.3% ... Bloomberg L.P.  

Another oil and gas company fails in Alberta — and more than a dozen others are teetering   May 19, 2019
There's another victim in Alberta of the persistently low oil and gas prices after Trident Exploration ceased operations this week and several other companies could suffer the same fate. CBC.ca  

Why Oil Is Still Underpriced   May 19, 2019
Oil prices seesawed over the past week, jerked higher by tension in the Middle East but dragged down by fears of the fallout from the U.S.-China trade war. In fact, crude is trapped between those ... OilPrice  

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