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Mexico’s Secret Sauce For The World’s Largest Oil Hedge Almost Ready

Mexico’s Secret Sauce For The World’s Largest Oil Hedge Almost Ready

Jun 28, 2019 at 17:04 | Julianne Geiger

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility will soon be made official, a finance ministry official said on Friday, according to Reuters, kicking…

Exxon, Shell May Return To Explore For Oil In Somalia

Exxon, Shell May Return To Explore For Oil In Somalia

Jun 28, 2019 at 16:56 | Tsvetana Paraskova

Exxon and Shell could return to Somalia ahead of an oil bid round that the East African country plans to hold later in 2019, Reuters reported on Friday, citing…

U.S. Vows To Sanction ‘Any Imports of Iranian Crude Oil’

U.S. Vows To Sanction ‘Any Imports of Iranian Crude Oil’

Jun 28, 2019 at 15:50 | Tsvetana Paraskova

Now that there are no sanction waivers for Iranian oil buyers, the United States will sanction any imports of crude oil from Iran, the U.S. Special Representative for Iran, Brian…

Asia Oil Imports From Iran Plunge To Five-Year Low After Waivers End

Asia Oil Imports From Iran Plunge To Five-Year Low After Waivers End

Jun 28, 2019 at 15:45 | Tsvetana Paraskova

The four biggest oil buyers in Asia, all of which were regular Iranian customers until recently, imported in May the lowest volume of crude from Iran since at least 2014,…

Norway Asks $1-Trillion Fund To Draft Timing Of Oil Stocks Phase-out

Norway Asks $1-Trillion Fund To Draft Timing Of Oil Stocks Phase-out

Jun 28, 2019 at 13:29 | Tsvetana Paraskova

Norway’s Finance Ministry asked on Friday the government’s US$1-trillion fund—the world’s biggest sovereign wealth fund—to recommend a schedule for phasing out its investments in…

China's May Gasoline Exports Tumble 27.8 Percent

China's May Gasoline Exports Tumble 27.8 Percent

Jun 28, 2019 at 10:22 | JLC

China exported about 847,700 mt of gasoline in May 2019, a drop of about 326,900 mt or 27.8% from April, according to data from the country's General Administration of Customs…

3,000 Jobs in Canada’s Oil Industry Gone in a Month

3,000 Jobs in Canada’s Oil Industry Gone in a Month

Jun 28, 2019 at 09:41 | Irina Slav

Some 3,000 people in Canada’s oil and gas industry lost their jobs between April and May this year, a new report from Petroleum Labour Market Information found as cited…

Sempra Energy In The Hotseat For 2015 Gas Leak

Sempra Energy In The Hotseat For 2015 Gas Leak

Jun 28, 2019 at 09:15 | Irina Slav

The California Public Utilities Commission has opened a probe into Sempra Energy’s Southern California Gas Co. to determine whether a penalty will be assessed for a gas leak from 2015…

Permian Pipeline Capacity To Get A Shot In The Arm With New Cactus II

Permian Pipeline Capacity To Get A Shot In The Arm With New Cactus II

Jun 27, 2019 at 17:57 | Julianne Geiger

The most prolific oil-producing basin in the United States is set to get a pipeline capacity boost by the end of the third quarter, a source with direct knowledge…

UK Passes Net Zero Emissions Pledge Into Law

UK Passes Net Zero Emissions Pledge Into Law

Jun 27, 2019 at 17:52 | Tsvetana Paraskova

The UK became on Thursday the first major economy in the world to enshrine in a law its target to reduce its greenhouse gas emissions to net zero by…

Alberta Government To Stop Its Oil By Rail Program By Fall

Alberta Government To Stop Its Oil By Rail Program By Fall

Jun 27, 2019 at 17:48 | Julianne Geiger

The government of Alberta, Canada is looking to offload its massive oil-by-rail program in what the Alberta Energy Minister Sonya Savage described as “highly confidential” negotiations, according…

Mexico’s $8B Refinery Could Have ‘Severe’ Impact On Air Quality

Mexico’s $8B Refinery Could Have ‘Severe’ Impact On Air Quality

Jun 27, 2019 at 17:37 | Tsvetana Paraskova

Mexico’s planned US$8-billion oil refinery in the home state of President Andrés Manuel López Obrador would have a ‘severe’ impact on air quality in the area, Reuters reported on…

Mexican President: Pipeline Contracts Are ‘Abusive And Unfair’  

Mexican President: Pipeline Contracts Are ‘Abusive And Unfair’  

Jun 27, 2019 at 16:48 | Tsvetana Paraskova

Mexico’s President Andrés Manuel López Obrador—who criticizes his predecessor’s energy reforms—said on Thursday that the natural gas pipeline contracts that the previous administration had signed were ‘abusive’ and ‘unfair’…

Michigan AG Sues To Shut Down Enbridge’s Oil Pipeline In Great Lakes

Michigan AG Sues To Shut Down Enbridge’s Oil Pipeline In Great Lakes

Jun 27, 2019 at 12:20 | Tsvetana Paraskova

Michigan Attorney General Dana Nessel sued on Thursday Enbridge to shut down the dual oil pipelines running under the Straits of Mackinac because, she said, the 66-year-old pipelines “present…

Maduro Says Opposition, US Tried To Assassinate Him

Maduro Says Opposition, US Tried To Assassinate Him

Jun 27, 2019 at 10:35 | Irina Slav

Venezuela’s President Maduro said the country’s security forces had prevented an attempt on his life planned by the opposition and supported by the United States, Colombia, and Chile, the BBC…

Libya’s GNA Deals Blow To Haftar Forces Outside Tripoli

Libya’s GNA Deals Blow To Haftar Forces Outside Tripoli

Jun 27, 2019 at 09:43 | Irina Slav

Forces of the UN-recognized Government of National Accord in Libya have seized a town near Tripoli that served as the main supply base for the Libyan National Army of General…

US Court to Decide Fate Of Venezuela’s Citgo Refinery

US Court to Decide Fate Of Venezuela’s Citgo Refinery

Jun 26, 2019 at 18:18 | Julianne Geiger

Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to…

Kuwait Plans Natural Gas Expansion Overseas

Kuwait Plans Natural Gas Expansion Overseas

Jun 26, 2019 at 16:49 | Tsvetana Paraskova

Another major OPEC producer wants to boost its natural gas business overseas as the international upstream unit of state-held Kuwait Petroleum Corporation (KPC) aims to significantly raise production from its…

Renewables Overtake Coal In U.S. Electricity Mix For The First Time

Renewables Overtake Coal In U.S. Electricity Mix For The First Time

Jun 26, 2019 at 16:02 | Tsvetana Paraskova

Renewables held a larger share than coal in U.S. monthly electricity generation in April 2019, for the first time ever, reflecting seasonal factors and longer-term trends such as coal’s decline…

China Imports First Iranian Oil Since U.S. Ended Sanction Waivers

China Imports First Iranian Oil Since U.S. Ended Sanction Waivers

Jun 26, 2019 at 14:13 | Tsvetana Paraskova

Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed as of May all sanction waivers for Iranian oil customers, including its biggest…

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