all things Oil
Highlights July gasoline demand expected to narrow deficit from pre-pandemic levels Decision expected on COVID-19 state of emergency, priority measures Japan’s gasoline demand is expected to recover in July on the back of gradual improvement in the coronavirus pandemic situation, coupled with an increase in
A unit of Abu Dhabi National Oil Co. (ADNOC) has awarded Saipem an AED1.87 billion (US$510 million) contract to expand the capacity of its Shah Sour Gas Plant, ADNOC reported Tuesday. Saipem’s receipt of the engineering, procurement, and construction contract from ADNOC Sour Gas (ASG)
Highlights Light distillate stocks soar 43% to highest since March 29 Middle distillates up 14.6% from previous week Heavy distillates down 11% to lowest level since May 24 Oil product inventories at Fujairah on the UAE’s east coast rose to a two-week high as light
Highlights Domestic gasoline sales hit record high in May Tax cut on pump prices boosts motor fuel sales Expansionary economic policies, higher auto sales add support Pakistan’s motor fuel demand is expected to remain on an uptrend in fiscal 2021-22 (July-June) as low retail tax
0223 GMT: Crude oil futures jumped during morning trade in Asia June 16, as data from the American Petroleum Institute showed a large draw in US crude inventories, and as the market continued to buy into the global demand recovery narrative. Not registered? Receive daily
By Robert Tuttle on 6/14/2021 click to enlarge CALGARY (Bloomberg) – A key permit for Enbridge Inc.’s Line 3 oil pipeline was upheld by the Minnesota Court of Appeals, removing a potential delay for the controversial project. The court on Monday affirmed a Certificate of
By Rachel Adams-Heard on 6/15/2021 Texas Governor Greg Abbott (Bloomberg) –Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut
Highlights New York lifts statewide pandemic restrictions Top forecasters mull $100/b oil New York Harbor product cracks weaken as RINs retreat Crude futures pushed to fresh highs June 15 as bullish US demand outlooks pointed to a tightening fundamental picture. Not registered? Receive daily email
By Lars Erik Taraldsen on 6/15/2021 Equinor’s Northern Lights project OSLO (Bloomberg) –Climate activists that failed in their attempt to stop oil and gas drilling in Norway’s Arctic are taking the case to the European Court of Human Rights. Two major environmental organizations, along with
6/15/2021 HOUSTON – Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems (SPS) and subsea pipelines (SURF). The development