With the end of the Obama administration in sight (or at least the 2016 presidential campaigns already making headlines), signs point toward a deadline on the Keystone XL decision.
Posts Tagged ‘crude oil’
By News Desk | July 31, 2015 12:01 AM Comments (0)
By Starr Spencer | July 30, 2015 12:01 AM Comments (0)
Mexico’s debut bidding event in Round One of its energy reform is now history, and resulted in what was widely agreed was a poor showing.
Now, the post-mortems have begun, both within industry and the Mexican government, which openly acknowledged it needs to do a better job of listening to industry’s concerns about contract terms that might have attracted more winners had the sticking points been addressed to begin with.
By Daniel Colover | July 28, 2015 12:01 AM Comments (0)
Russian giant Rosneft’s recent deals in Asia suggest it is potentially shifting the balance of its crude oil sales in the region — one of its most important export markets — from a spot tender basis to long term contracts and significantly reducing the amount of Russian crude that enters the spot market in Asia.
By News Desk | July 27, 2015 02:58 PM Comments (0)
Secretary of State John Kerry held a question-and-answer session to a packed house Friday in New York at the Council on Foreign Relations to talk about the recently-concluded nuclear deal between Iran and several Western nations, including the US. It didn’t matter that the breakfast was called on about 24 hours notice on a Friday in the summer; it was a true VIP audience. (For example, among those in attendance: Hess Oil CEO John Hess.)
John Kingston, president of the McGraw Hill Financial Institute and a long-time Platts editorial leader, was in attendance. And as he noted, there was one word that, amazingly, didn’t emanate from Secretary Kerry’s mouth, not even once. You can find out what that word was on the Institute’s blog here.
By Starr Spencer | July 27, 2015 12:01 AM Comments (0)
By Brian Scheid | July 24, 2015 12:01 AM Comments (1)
About 700 million barrels of crude oil stored in four sites along the US Gulf coast seems to have recently inspired the imagination of a cash-strapped Congress.
With US crude production nearing record highs and prices falling below $50/b, federal lawmakers are pushing to sell millions of barrels from the US Strategic Petroleum Reserve to fund bills with little, or nothing, to do with energy.
By Brian Scheid | July 20, 2015 12:01 AM Comments (0)
North Dakota made headlines recently with its crude oil production numbers for May, which surprised many and left some scratching their heads. Brian Scheid looks into what drove the production, and what it means for future production, in this week’s Oilgram News column, At the Wellhead.
By News Desk | July 14, 2015 08:55 AM Comments (4)
Iran’s oil and financial sanctions will be lifted with a phased deal struck on its nuclear program on July 14, but the market won’t immediately see more crude. The country is currently exporting around 1 million b/d of crude, less than half the 2.2 million-2.3 million b/d exported before the European Union and US imposed crippling oil and financial sanctions in mid-2012.
By Geoff Craig | July 13, 2015 12:01 AM Comments (0)
By Elizabeth Bassett | July 9, 2015 10:35 AM Comments (4)
The beginning of July is the beginning of the second half of the year, and just over the weekend I was looking at a calendar and marveling that we’d arrived here already. We started this feature a little over a year ago, but especially within the past 12 months, the oil industry seems like it’s been taking us all on a roller-coaster ride. On July 1 of last year, for example, Dated Brent was assessed by Platts at $110.46/b, but on July 1 of 2015 it was assessed at $61.67/b. Today, we’re attempting to pull out some highlights from the most recent part of that wild ride.