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Saudis To Boost Crude Delivery To Indian Oil In H2 2019

Saudis To Boost Crude Delivery To Indian Oil In H2 2019

May 17, 2019 at 15:39 | Tsvetana Paraskova

Saudi Arabia may soak up some of Iran’s previous market share on the Indian market as Saudi Aramco is set to ship additional 2 million barrels per month to Indian…

Russia Finally Brings Oil Production Below OPEC+ Cap 

Russia Finally Brings Oil Production Below OPEC+ Cap 

May 17, 2019 at 15:17 | Tsvetana Paraskova

A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in…

Total Declares Force Majeure On German Refinery After Russian Oil Contamination

Total Declares Force Majeure On German Refinery After Russian Oil Contamination

May 17, 2019 at 12:52 | Tsvetana Paraskova

France’s Total has halted some of the units at its 230,000-bpd Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown…

Haiti Struggles Without Electricity As Cheap Venezuelan Oil Flow Stops

Haiti Struggles Without Electricity As Cheap Venezuelan Oil Flow Stops

May 17, 2019 at 12:00 | Tsvetana Paraskova

Venezuela’s crisis and plunging oil production impact countries in the Caribbean as well, as most people in the poorest nation in the Western hemisphere, Haiti, now have electricity

Venezuela Hit By Gasoline Shortages

Venezuela Hit By Gasoline Shortages

May 17, 2019 at 10:18 | Irina Slav

Another problem has been added to Venezuela’s growing list of woes: gasoline import shortages that have caused lines at gas stations, Reuters reports, adding that local production has slumped…

China Ups Fuel Export Quotas By 5%

China Ups Fuel Export Quotas By 5%

May 17, 2019 at 09:22 | Irina Slav

China has issued a new batch of oil product export quotas and they are 5.3 percent higher than they were this time last year as the country’s refineries return to…

Saudi Coalition Targets Houthis In Yemen In Response To Oil Pipeline Attack

Saudi Coalition Targets Houthis In Yemen In Response To Oil Pipeline Attack

May 16, 2019 at 18:06 | Tsvetana Paraskova

The Saudi-led coalition conducted air strikes on Yemen’s capital Sanaa on Thursday, targeting bases of the Iran-aligned Houthis after the Houthis claimed responsibility for the drone attacks on an oil…

Canadian Oil Tanker Moratorium Act Struck Down in Win For Oil Industry

Canadian Oil Tanker Moratorium Act Struck Down in Win For Oil Industry

May 16, 2019 at 16:55 | Julianne Geiger

Canada’s Senate Standing Committee on Transportation has voted to defeat the controversial Oil Tanker Moratorium Act that opponents of the bill view as damaging to Canada’s oil industry, according…

Bank Of Canada: Climate Change Among Top Vulnerabilities In Economy

Bank Of Canada: Climate Change Among Top Vulnerabilities In Economy

May 16, 2019 at 15:00 | Tsvetana Paraskova

For the first time, the Bank of Canada ranks climate change as a key weak spot in the Canadian financial system and economy, as a growing number of governments start…

Incident At Chevron Phillips Baytown Plant Sends Black Smoke In Air

Incident At Chevron Phillips Baytown Plant Sends Black Smoke In Air

May 16, 2019 at 11:55 | Tsvetana Paraskova

An “unplanned operational issue” at the Chevron Phillips plant at Baytown, Texas, occurred on Thursday morning, the Houston Chronicle reports, citing company officials and showing photos of thick black…

EPA Changed Biofuel Credit Rules before Court Allowed It

EPA Changed Biofuel Credit Rules before Court Allowed It

May 16, 2019 at 10:05 | Irina Slav

The Environmental Protection Agency relaxed rules for refiners under the Renewable Fuel Standard at its own discretion before a court ruled in favor of such a relaxation, Reuters reports…

None Of Venezuela’s Crude Oil Upgraders Are Processing Oil

None Of Venezuela’s Crude Oil Upgraders Are Processing Oil

May 16, 2019 at 09:11 | Julianne Geiger

Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. Venezuela hasn’t shut down…

Tesla’s Solar Roof Solution Isn’t For the United States

Tesla’s Solar Roof Solution Isn’t For the United States

May 15, 2019 at 17:23 | Tsvetana Paraskova

Most of the solar cells made at Tesla’s solar factory in Buffalo, New York, are being exported instead of being installed on U.S. homes as originally planned, as Tesla continues…

The Exodus Begins As Foreign Oil Companies Exit Iraq On Security Concerns

The Exodus Begins As Foreign Oil Companies Exit Iraq On Security Concerns

May 15, 2019 at 16:04 | Julianne Geiger

ExxonMobil is starting to evacuate its engineers working on Iraq’s West Qurna 1 field due to security concerns, according to Al Arabiya. Earlier in the day, S&P Global Platts…

Campaigners: UK’s Oil, Gas Production Undermines Climate Goals

Campaigners: UK’s Oil, Gas Production Undermines Climate Goals

May 15, 2019 at 13:38 | Tsvetana Paraskova

The UK’s goal to maximize oil and gas recovery from the North Sea will harm the country’s Paris Agreement climate goals, a new report by climate campaign groups showed…

IEA: Dirty Russian Oil Affects 250,000 Bpd European Refinery Runs

IEA: Dirty Russian Oil Affects 250,000 Bpd European Refinery Runs

May 15, 2019 at 12:40 | Tsvetana Paraskova

The contamination issue with Russian oil pipeline supply will impact European refinery runs to the tune of 250,000 bpd in the second quarter, which is below 2 percent of…

Saudi Aramco Restarts Oil Pipeline After Drone Attack

Saudi Aramco Restarts Oil Pipeline After Drone Attack

May 15, 2019 at 11:18 | Tsvetana Paraskova

Saudi Aramco restarted pumping oil on Wednesday through the pipeline which was hit by drone attacks on Tuesday, Arab media report. Two pumping stations along Aramco’s East-West oil pipeline…

South Korean Oil Imports From Iran Jumped 17% In April Before Drop

South Korean Oil Imports From Iran Jumped 17% In April Before Drop

May 15, 2019 at 09:18 | Irina Slav

South Korea imported some 353,000 bpd of Iranian crude last month, up 17 percent on March ahead of the removal of sanction waivers that granted South Korea and another seven…

Large Crude Build Weighs On Oil Rally

Large Crude Build Weighs On Oil Rally

May 14, 2019 at 15:47 | Julianne Geiger

The American Petroleum Institute (API) reported a large surprise build in crude oil inventory of 8.6 million barrels for the week ending May 10, coming in significantly over analyst expectations…

“Wake the **** Up!” Bill Nye Says About Climate Change

“Wake the **** Up!” Bill Nye Says About Climate Change

May 14, 2019 at 15:30 | Julianne Geiger

 “The planet’s on fire,” were some of the milder words that Bill Nye The Science Guy used in HBO’s “Last Week Tonight With John Oliver”, to describe his thoughts on…

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