Federal officers ought to launch gasoline from the Strategic Petroleum Reserve to stop fuel costs from rising within the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts advised President Donald Trump in a letter on Wednesday. “An immediate release of gasoline or crude oil, if also warranted, from the SPR would help protect […]
Today’s world is all about with the ability to do one million issues directly, with ease. It’s about with the ability to dine, pay the invoice, and commerce shares concurrently and with out human interplay. It’s about with the ability to order a experience downtown and apply for a house mortgage on the similar time—immediately […]
“For now at least, it has become hard to risk capital on the price of oil with as much conviction as in the past.”—Andy Hall, famed oil dealer, on shuttering his oil hedge fund. If Andy Hall is confused, what does that say about the remainder of us? This guidelines tries to determine a few […]
WPP warning, Dalian’s London U-turn, Maersk’s oil sale, Dixons Carphone and Chevron SOURCE: Oil & Gas – Read whole story here.
Oil costs rise as Hurricane Harvey heads for Texas SOURCE: Commodities – Read whole story here.
SOURCE: Commodities – Read complete story here.
British orders of liquefied pure fuel (LNG) from Qatar proceed as scheduled, regardless of the GCC’s ongoing blockade towards Doha, which is approaching its 90-day mark. Qatar provides 20 % of Britain’s pure fuel. Just prior to now 4 weeks, British ports have acquired a million meters value of scheduled fuel orders, in response to […]
The hole between the 2 most necessary oil benchmarks has widened lately, a symptom of the shifting oil provide/demand dynamics between the U.S. and the remainder of the world. For the previous few years, Brent and WTI have traded very intently collectively, as each benchmarks mirror the crushing weight of oversupply. Prior to the market […]
SOURCE: Oil & Gas – Read complete story here.
Canada’s oil business has confronted a number of pressure recently. The record of oil majors promoting off belongings and withdrawing from high-cost oil sands is lengthy. ConocoPhillips, Royal Dutch Shell, Marathon Oil, Murphy Oil and Statoil have bought upwards of $25 billion value of oil sands belongings this yr. ExxonMobil additionally wrote down greater than […]