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Maduro Hikes Minimum Wage, Pledges to Boost Venezuela’s Oil Output   Jan 14, 2019
Venezuela’s President Nicolas Maduro ordered a 300 percent increase in the monthly minimum wage and pledged to boost oil production to 5 million barrels a day by 2025 during his state of the union address Monday. The salary increase will go into effect ... Bloomberg L.P.  

ShaMaran Updated Corporate Presentation   Jan 14, 2019
As announced in ShaMaran's December 27, 2018 news release, the Company has signed agreements with Marathon Oil KDV B.V. and TAQA Atrush B.V to increase the Company's interest in the Atrush Block to 27.6%. ShaMaran is a Canadian oil and gas company listed ... MarketWatch  

Exxon's Baytown refinery shuts large CDU for planned overhaul   Jan 14, 2019
Exxon Mobil (NYSE:XOM) says it has shut the large crude distillation unit at its 560K bbl/day Baytown, Tex., refinery as part of "the largest maintenance and improvement program in the site’s ... Seeking Alpha  

South Texas Drilling Permit Roundup: Chesapeake focused on Eagle Ford in 2019   Jan 14, 2019
For the full drilling data table, see below. Most Active County: La Salle County with 19 drilling permit applications Most Active Company: EOG Resources Inc. with 22 drilling permit applications New and Noteworthy: A subsidiary of WildHorse, WildHorse ... The Business Journals  

EnLink Midstream Declares Quarterly Distributions for Fourth Quarter 2018   Jan 14, 2019
About the EnLink Midstream Companies EnLink provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink operates in several top U.S. basins and is ... Yahoo Finance  

Crude Oil Price Forecast – crude oil markets pulled back to find support   Jan 14, 2019
The WTI Crude Oil market pulled back a bit during the trading session on Monday, reaching down to the $50 handle. That being the case, it looks like we may form a bit of a hammer, but we are ... Yahoo Finance  

Deals of the day-Mergers and acquisitions   Jan 14, 2019
Ophir Energy Plc said that it has rejected Indonesian oil and gas group Medco ... Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch energy company Eneco, which analysts estimate to be worth around 3 billion euros ... Reuters  

How Supermajors Are Transforming The Permian   Jan 14, 2019
Related: Italy Looks To Block Oil, Gas Exploration Permits Even the leading independent firms in the Permian Basin, Houston’s Occidental Petroleum and Dallas’ Pioneer Natural Resources ... Yahoo Finance  

Oil prices slide as concerns about global economy, oversupply weigh   Jan 14, 2019
NEW YORK (Reuters) - Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record ... Yahoo Finance  

Winners and Losers in Big Oil's Offshore Spending Revival   Jan 14, 2019
(Bloomberg) -- After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps ... Yahoo New Zealand  

Ex-Halliburton Chairman Dave Lesar to Start New Oil-Services Company   Jan 14, 2019
(Bloomberg) -- Dave Lesar, fresh from retiring as executive chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL ... Yahoo Finance  

Signs That Oil Will Stay in a Bear Market in 2019   Jan 14, 2019
"Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens. The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and ... Bloomberg L.P.  

Venezuela’s Crisis Threatens U.S. Control Over Oil Prices   Jan 14, 2019
The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global influence while proving to constituents he can ... OilPrice  

Saudis Rush To Meet Japan’s Oil Needs   Jan 14, 2019
Saudi Energy Minister Khalid al-Falih discussed on Monday how Saudi Arabia could meet Japan’s petroleum requirements in a meeting with the Japanese minister for economy and trade. The two ... OilPrice  

Natural Gas Price Fundamental Weekly Forecast – Expect More Short-covering if European Models Confirm Mid-Term Forecasts   Jan 14, 2019
After consolidating since January 3, natural gas futures finally blasted through short-term resistance at $2.932 to change the trend to up on the daily chart. Aggressive speculative buying and ... Yahoo Finance  

Egypt launches regional gas forum, including Israel in fold   Jan 14, 2019
President Abdel-Fattah el-Sissi, who is overseeing the efforts, says that Egypt "scored a goal" with the deal, which will see Delek Drilling and its U.S. partner, Noble Energy, sell a total of 64 billion cubic meters of gas over a 10-year period to ... Houston Chronicle  

Protesters occupying TransCanada facility in support of B.C. anti-pipeline camps   Jan 14, 2019
TransCanada has said it signed agreements with all First Nations along the proposed pipeline route to LNG Canada's $40-billion liquefied natural gas project on the coast. But the hereditary leaders say those agreements don't apply to the traditional ... CBC.ca  

China’s Slowing Economic Growth Could Wreak Havoc On Oil Markets   Jan 14, 2019
Despite renewed hopes that a fresh trade deal could be reached between the U.S. and China by the two sides’ self-imposed March 2 deadline, it may still not be enough to offset the negative ... OilPrice  

N.J. Governor Murphy Finds Fellow Democrats Are Biggest Obstacle   Jan 14, 2019
Though Murphy signed an executive order with a goal of 3,500 megawatts of offshore wind energy, his administration hasn’t blocked plans for four natural-gas power plants or the 118-mile (190 ... Yahoo Finance  

Chevron And Occidental Join Bill Gates Backed Tech Company   Jan 14, 2019
If natural gas can leak out of storage, as it recently did in California (Aliso Canyon), it is a reasonable public question as to whether CO2 can do so as well. NIMBYist concerns have not gotten ... OilPrice  

Natural Gas Price Fundamental Daily Forecast – Was Upside Gap “One and Done” or Start of Longer-Term Move?   Jan 14, 2019
Natural gas prices gapped higher on the early session opening on Monday, but the price action following the move suggests sellers are still in control. The early price action was likely fueled by ... Yahoo Finance  

Oil Price Fundamental Daily Forecast – Worries Over Global Demand Driving Prices Lower   Jan 14, 2019
U.S. West Texas Intermediate and international-benchmark crude oil futures are trading lower on Monday, continuing the sell-off that began on Friday with concerns over an economic slowdown in China. Yahoo Finance  

Crude Oil Weekly Price Forecast – crude oil markets break down yet again this week   Jan 14, 2019
The WTI Crude Oil market has shown a massive amount of selling pressure yet again during the week, slicing through the $50 level and reaching towards the $45 handle. This is a massive move lower ... Yahoo Finance  

Saudi Oil Minister: No Need For Extraordinary OPEC Meeting   Jan 14, 2019
There is no need for the Organization of Petroleum Exporting Countries to schedule an extraordinary meeting before April, Saudi Arabia’s Energy Minister, Khalid al-Falih, told media, as quoted ... Yahoo Finance  

UPDATE 1-Israel will begin exporting gas to Egypt in a few months' time - energy minister   Jan 14, 2019
CAIRO, Jan 14 (Reuters) - Israel will begin exporting natural gas to Egypt “in a few months’ time”, Israeli energy minister Yuval Steinitz said on Monday. Steinitz did not give a specific ... Reuters  

Coal-fired plants shutting down, despite Trump's promises   Jan 14, 2019
Cheap natural gas and the rising use of renewable power like solar and wind have kept electric prices relatively low for years, making it uneconomic for generators to keep investing in older coal and nuclear plants. Generators said they plan to shut around ... CBC.ca  

Crude Oil Price Update – Long Way From Changing Trend, but in Window of Time for Closing Price Reversal Bottom   Jan 14, 2019
U.S. West Texas Intermediate crude oil futures spiked lower on Monday, reaching levels not touched in 18 months. From peak to trough, U.S. crude oil has fallen nearly 45 percent from its 52-week ... Yahoo Finance  

PetroChina (PTR) Subsidiaries to Expand LNG & Oil Terminals   Jan 14, 2019
Two subsidiaries of PetroChina Company Limited PTR recently struck deals with Yantai Port Group, a state-run port operation services provider, to develop a new liquified natural gas (LNG ... Yahoo Finance  

Russia has not promised Belarus help over oil tax overhaul: PM   Jan 14, 2019
MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev said on Monday that Moscow has never promised Belarus any help over losses incurred due to an overhaul of Russia’s oil tax after Minsk ... Reuters  

Eni Expands Presence in Middle East With Various Contracts   Jan 14, 2019
Eni SpA E has inked a Memorandum of Understanding (MoU) with the National Oil ... Shell Midstream Partners owns, operates, develops and acquires pipelines, as well as other midstream assets. The ... Yahoo Finance  

Oil Retreats With Equities as Rally to Bull Market Seen Overdone   Jan 14, 2019
(Bloomberg) -- Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies. Futures in New York lost as much as 2.3 percent, after falling ... Finance Yahoo  

U.S. wants Qatar to challenge Russian gas in Europe -U.S. official   Jan 14, 2019
QP is majority owner of the Golden Pass LNG terminal, with Exxon Mobil and ConocoPhillips holding smaller stakes. “The Qatari investments in the Golden Pass, and in the U.S. export facilities ... Reuters  

E&P Middle Of The Road Club Q4 2018 Review: A Dead Skunk   Jan 14, 2019
Encana (NYSE:ECA) announced a $1.25 billion repurchase program. Extraction Oil & Gas (XOG) announced a $100-million repurchase program in Nov. Laredo Petroleum (LPI) announced a $200-million stock ... Seeking Alpha  

Oil Prices Crash To 1-Year Lows   Jan 14, 2019
Tom majored in International Business at Amsterdam’s Higher School of Economics, he is now working as news editor for Oilprice.com. - Regulations from the International Maritime Organization ... OilPrice  

Pennsylvania Adds 2 Land Rigs, Oklahoma's Count Falls By 4   Jan 14, 2019
Since breakeven oil price in the Permian play is lower than $30 a barrel — per Pioneer Natural Resources Company PXD — and the West Texas Intermediate (WTI) crude is hovering around $50 ... Yahoo Finance  

US ambassador threatens German companies with possible sanctions over Russian gas pipeline   Jan 14, 2019
While the US has repeatedly expressed energy-security concerns over the pipeline, Trump has also made clear the US wants to sell more liquefied natural gas in the European market. Finance Yahoo  

Global Methyl Ethyl Ketone (MEK) Market to surpass USD 4 billion mark by 2024 Graphical Research   Jan 14, 2019
Key industry players include Shell Chemicals Company, SK Energy Company Limited, Lanzhou Petrochemical Company, Idemistsu Kosan Company, ExxonMobil Corporation, Maruzen Petrochemical Company Limited, PetroChina Company, Arkema Chemicals Company ... MarketWatch  

PG&E Plans Bankruptcy Filing as California Wildfires Costs Mount   Jan 14, 2019
PG&E’s financial woes have already spread to the companies that supply its natural gas and generate electricity for its customers. At least two small gas suppliers have restricted sales to PG&E out of concern that the company won’t be able to pay ... Bloomberg L.P.  

Drilling Down: Permian Basin dominates drilling permit filings in New Year   Jan 14, 2019
Following Pioneer were XTO Energy, an Exxon Mobil subsidiary, with 17 drilling permit filings, Canadian oil company Encana with 12 applications and Midland exploration and production company Endeavor Energy Resources with 11. On HoustonChronicle.com ... Houston Chronicle  

Egypt picks banks to manage sale of stakes in state-owned companies: official   Jan 14, 2019
The state owns vast swathes of Egypt’s economy, including three of its largest banks - National Bank of Egypt [NBEGPT.UL], Banque Du Caire (BQDC.CA), the United Bank of Egypt - along with much of its oil industry and real estate sector. Reuters  

Saudi energy minister says global economy, oil demand are strong   Jan 14, 2019
ABU DHABI (Reuters) - Saudi Arabia’s Energy Minister Khalid al-Falih said that oil demand remains strong and that he sees no impact from U.S.-China trade tensions. “The global economy is strong enough, I’m not too concerned. If a slowdown happens, it ... Reuters  

PG&E Seeks New CEO as Fire Costs Push It to Brink of Bankruptcy   Jan 14, 2019
PG&E’s financial woes have already spread to the companies that supply its natural gas and generate electricity for its customers. At least two small gas suppliers have restricted sales to PG&E ... Yahoo Finance  

Petcoke Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024   Jan 14, 2019
Notable players in the petcoke market include, Reliance, ExxonMobil, Saudi Aramco, BP, Essar Oil, Royal Dutch Shell, Bharat Petroleum, Indian Oil, Valero, Husky Energy, Chevron, Atha Group, Carbograf, HPCL-Mittal, Rain CII, Oxbow, Trammo, Aminco Resources ... MarketWatch  

Oakmark Select Fund: Fourth Quarter 2018   Jan 14, 2019
We used the extreme volatility in both the energy and auto industries to add new positions in Anadarko Petroleum and Lear, and we eliminated our ownership of Chesapeake Energy (NYSE:CHK ... Seeking Alpha  

Premier Oil confirms interest in North Sea deals after report on cash call   Jan 14, 2019
(Reuters) - Britain’s Premier Oil Plc said on Monday it was looking to buy UK North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields. The company’s ... Reuters  

Alberta's OPEC-style oil cuts help boost prices — but concern over fallout remains   Jan 14, 2019
Alberta's mandatory oil production cuts have helped boost Canadian crude prices, but concern persists that the cure could be worse than the cold. Since the strategy was executed two weeks ago, the price gap between Canadian and U.S. benchmark crude has ... CBC.ca  

Oil falls by one percent on China trade slump, although crude imports remain high   Jan 14, 2019
SINGAPORE (Reuters) - Oil prices fell by 1 percent on Monday, with Brent crude slipping below $60 per barrel, after Chinese data showed weakening imports and exports in the world’s biggest ... Reuters  

Oil falls 1 percent on concerns about China slowdown   Jan 14, 2019
NEW YORK (Reuters) - Oil prices fell about 1 percent on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting ... Reuters  

What to Watch in Commodities: Oil, Alcoa and Cocoa (Podcast)   Jan 14, 2019
In today’s commodities week ahead podcast, the conversation centers around the outlook for oil markets and quarterly updates from Alcoa and Rio Tinto, and what to expect from a key cocoa report out of Europe. Bloomberg’s James Poole talks with Juliette ... Bloomberg L.P.  

China December crude oil imports at second highest, gas imports at record   Jan 14, 2019
SINGAPORE (Reuters) - China’s crude oil imports in December surged nearly 30 percent from a year earlier to the second highest for a month on a daily basis, Reuters calculations of customs data ... Reuters  

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