Archive for the ‘Uncategorized’ Category

UK election kicks off an uncertain period for energy investors

The UK’s general election kicked off Monday with the official closure of parliament, heralding 38 days of campaigning ahead of the May 7 vote. With clear policy differences between the parties and the polls too-close-to-call, energy investors could be set for an uncertain year ahead.

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Dubai’s national oil company considers expanding upstream presence: Petrodollars

Many have been waiting for mergers and acquisitions— particularly in E&P sectors — to pick up in light of low oil prices, and one case of a downstream-focused company considering acquiring an oil producer caught the attention of Tamsin Carlisle in this week’s Oilgram News column, Petrodollars.

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New Frontier: Pursuing oil production in the Falkland Islands

The Falkland Islands, off the coast of Argentina, are the focus of a new production push, but sovereignty and price concerns could put a crimp in plans, as Robert Perkins explains in this week’s Oilgram News column, New Frontier.

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Is gasoline about to give us a demand response?

A swallow does not a summer make, they say.

How about two?  India has just released its February oil consumption data. And rather  remarkably, gasoline sales are up 18.3% on year, on the heels of a 17.7% spike seen in January.

For the two months, gasoline consumption averaged about 470,000 b/d, compared with 398,000 b/d a year ago. Read the rest of this entry »

Tax break, time limits may cause Bakken oil “surge” this summer

As oil prices continue to fall amid flat demand and near-record supply, a dramatic production slowdown is expected to hit the US sometime this summer, if not earlier.

But no matter how unfavorable market fundamentals may be to Bakken operators, North Dakota is likely to see a “big surge” in production this June, potentially besting another supply record even if prices continue to crater, according to Lynn Helms, director of the state’s Department of Mineral Resources.

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Europe: The perennial LNG sponge

This winter saw record volumes of LNG arriving on the shores of Europe, as cargoes sought value in an environment of weak LNG spot pricing. Cargoes flowed in from not only Qatar, but also from production sites like Trinidad and Tobago as portfolio players sought to optimize volumes into Europe while purchasing Asia Pacific delivery cargoes elsewhere to fulfill existing commitments.

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Regulation & Environment: US oil struggles to unite over regulation reforms

In this week’s Oilgram News column, Regulation & Environment, Brian Scheid describes how different segments of the US oil industry are grappling with which policies they feel most in need of revisions given the temptation of foreign markets for domestic crude.

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Could 2015 finally be nickel’s chance to shine?

Nickel was something of a disappointment in 2014 with prices spiking in the first half of the year, only to fall back in the second half, failing to meet many analysts’ expectations.

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Will US Gulf Coast gasoline trade ever see a $3 million deal again?

So what can you get these days for $3 million? Well, this apartmentOr 250,000 pairs of those khakis that Michigan football coach Jim Harbaugh loves so much. How about two islands due south of Brooklyn? (If you’re interested and your name is Mr. Moneybags from Monopoly, they are still for sale, a Realtor said this week.)

Here is where we pivot. It used to be that a $3 million deal for 25,000 barrels of Gulf Coast gasoline happened almost every trading day.

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Grain in Ukraine in search of a silver lining

Although reports continue to suggest fighting persists in the east of Ukraine, recent ceasefire agreements appear to be taking a tentative hold and are a positive step when compared to earlier in the year. The impact of conflict in the Donbas, the easternmost region of Ukraine bordering Russia, has undoubtedly been traumatic for the country, but how has it affected the agricultural sector?

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