Highlights Most USGC naphtha cargoes headed to Asia Middle East, European cargoes fail to fulfill Asia demand Houston — Naphtha cargoes set to sail from the US Gulf Coast so far in September registered 800,000 mt as regional market players were eager to get barrels
Singapore — The market structure for benchmark Dubai crude futures strengthened in noon Asia Sept. 18 amid a flurry of activity seen in the spot market during the week starting Sept. 13, as well as an OPEC+ meeting on Sept. 17. Not registered? Receive daily
Singapore — [0325 GMT] Crude oil future prices ticked higher during the mid-morning trade in Asia Sept. 18, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts. Not registered? Receive daily
Mexico City — A second unitization process in the Mexican shallow-water Gulf of Mexico between a private company and state Pemex is sparking concerns that Mexican federal regulators could use a gray area in the law to grant control of upstream resources to Pemex, potentially
Highlights Permian rig count down 2 to 128 Midcontinent gas supply under pressure amid drilling decline BP to increase focus on US upstream New York — The US oil and gas rig count climbed six in the week ended Sept. 16 to an eight-week high
Highlights All four major basins see weekly declines US cumulative production falls 26.4% year on year Houston — Weekly US coal production fell to a seven-week low 10.34 million st in the week ended Sept. 12, down 3.3% from a week earlier and 26.4% lower
Highlights Single-family housing starts rise 4.1% on month Data shows demand growth for construction staple PVC Houston — US housing starts in August fell 5.1% to 1.4 million from July, retreating after three months of strong gains, US Department of Commerce data showed Sept. 17.
London — The Ukraine’s KZU-1 natural gas pipeline, which was subjected to depressurization after a reported explosion, has now been fully restored for transportation, the country’s network operator GTSOU said on Sept. 17. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Highlights Floating storage boom provided three good quarters COVID-19 has upended flows in crude tanker space Upbeat on US shale rebound, China’s demand strength 10 million b/d in lost demand needs to return to bolster freight rates LONDON — The coronavirus pandemic has led to
Highlights UAE is first Gulf country to generate nuclear power Currently, one of four nuclear units is operational Construction of three other units nearly complete Dubai — The UAE, which became this year the first Gulf country to use nuclear power to generate electricity, may