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| 1. News on Oil Prices | |
 | 3 July 2020 : Oil falls below $43 on virus fears, still heads for weekly gain {Reuters} |
| Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although . . . | |
| | 3 July 2020 : NLC, ULC, others reject fuel price hike, demand reversal {vanguardngr.com} |
| Organized Labour yesterday rejected the new pump price of fuel announced by the Petroleum Products Price Regulatory Agency, PPPRA, and . . . | |
| | 3 July 2020 : Petrol, diesel price remain stagnant for 4th consecutive day {timesnownews.com} |
| Petrol diesel price today: The domestic petrol and diesel prices are determined broadly by crude oil and forex rates and vary from state to . . . | |
| | 3 July 2020 : Gas prices rise 2 cents in P.E.I. July 3 adjustment {theguardian.pe.ca} |
| There is no change in the price of furnace oil or diesel but the price of gas rose by two cents in the overnight petroleum pricing adjustment. At . . . | |
| | 3 July 2020 : Australia average gas prices remain among lowest in Asia {miragenews.com} |
| Australia average natural gas prices remain amongst the lowest in Asia, according to the latest international survey of wholesale gas . . . | |
| | 3 July 2020 : Crude oil can hit $50/bbl in 2021; gas demand to pick up in India {Business Standard} |
| Despite the pick-up in economic activity around the globe after lockdowns triggered by the Covid-19 pandemic, Brent crude oil prices are likely to . . . | |
| | 3 July 2020 : Oil prices rise on drop in U.S. unemployment, crude... {oilandgas360.com} |
| Oil prices rose on Thursday after data showed a fall in U.S. unemployment and a sharp drop in crude stockpiles, although concerns that a . . . | |
| | 3 July 2020 : Oil drops as Covid-19 cases spike dampens demand {investing.com} |
| Oil was down on Friday morning in Asia on the back of a resurgence of COVID-19 globally. Spikes recorded in 37 states further hindered fuel . . . | |
| | 2 July 2020 : Gas prices down $2.36, diesel down $1.84 {jamaicaobserver.com} |
| Motorists should see a decrease at the pumps in the prices of gasoline and diesel, effective Thursday, July 2, according to the latest ex-refinery costs from Petrojam . . . | |
| | 2 July 2020 : Idaho gas prices for the week of July 1, 2020 {clearwatertribune.com} |
| Idaho gas prices have fallen 1.3 cents per gallon in the past week, averaging $2.28/g today, according to GasBuddys daily survey of 802 stations . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
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| 2. Rig News | |||||||||
| | 3 July 2020 : Judge fines Greenpeace £80,000 over North Sea oil rig occupation {theguardian.com} | ||||||||
| Greenpeace has been fined £80,000 after a Scottish court found it guilty of the wilful defiance of a court order banning it from occupying a . . . | |||||||||
| | 3 July 2020 : US oil rig count falls for 16th consecutive week {aa.com.tr} | ||||||||
| The oil rig count in the US has declined for the sixteenth consecutive week, according to the latest data released by oilfield services company . . . | |||||||||
| | 3 July 2020 : US oil & gas rig count hits record low for 9th week: Baker Hughes {Economic Times} | ||||||||
| US energy firms cut the number of oil and natural gas rigs operating to a record low for a ninth week in a row although the reductions have . . . | |||||||||
| | 2 July 2020 : Eni contracts Vantage Drilling jack-up rig {oilfieldtechnology.com} | ||||||||
| Vantage Drilling International has entered into a contract with Eni Montenegro BV for its premium jack-up rig, the Topaz Driller . . . | |||||||||
| | 2 July 2020 : Gas production briefly halted on the Leviathan gas rig {jpost.com} | ||||||||
| Gas production was halted on Wednesday at the Leviathan gas rig due to an operational error, according to Ynet . . . | |||||||||
| | 1 July 2020 : Saudi Aramco suspends Seadrills AOD II jack-up rig {oedigital.com} | ||||||||
| Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II . . . | |||||||||
| | 1 July 2020 : Petronas hires Maersk semi-submersible for Suriname... {offshore-technology.com} | ||||||||
| Malaysian oil company Petronas has selected Danish drilling rig operator Maersk Drilling’s deepwater semi-submersible drilling rig Maersk Developer . . . | |||||||||
| | 30 June 2020 : US rig count hits new all-time low for eighth straight week {kallanishenergy.com} | ||||||||
| The working rig count for the United States and Canada continues to plummet but the drop could be slowing down, Kallanish Energy reports . . . | |||||||||
| | 30 June 2020 : AODs jack-up rig suspended from operations in the Middle East {seatrade-maritime.com} | ||||||||
| Mermaid Maritime Public Company has announced a temporary suspension of operations of a jack-up drilling rig in the Middle East . . . | |||||||||
| | 29 June 2020 : Oil rig workers claim unfair treatment in a system rotten to the core {stuff.co.nz} | ||||||||
| Oil rig workers claim the industry is rotten to the core, angry that most senior jobs on a newly-arrived rig have been handed to foreigners . . . | |||||||||
| More rig news | ^Jump to the top^ | |||||||||
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| 3. News on Oil Exploration | |
| | 3 July 2020 : Eni discovers new gas discovery in Mediterranean Sea offshore... {oilreviewmiddleeast.com} |
| The discovery is located at a water depth of 22 metres, 11km from the coast and 12km north-west from the Nooros field and about one . . . | |
| | 3 July 2020 : Maersk Drilling bags well exploration contract from Petronas {steelguru.com} |
| Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & . . . | |
| | 2 July 2020 : Gazprom Neft, LUKOIL & Tatneft JV to develop oil reserves... {steelguru.com} |
| Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production . . . | |
| | 2 July 2020 : Twelve bids received for fifth round of... {constructionweekonline.in} |
| The fifth round under the Open Acreage Licensing Policy has received 12 bids for 11 areas on offer. Of these, 10 of them have received single bids . . . | |
| | 2 July 2020 : Three OIL exploration proposals up for consideration... {downtoearth.org.in} |
| Three proposals for environmental clearance by Oil India Ltd in Assam, including one in Tinsukia district, are up for consideration . . . | |
| | 2 July 2020 : Eni announces gas discovery off Egyptian coast in the... {english.ahram.org.eg} |
| Italian oil company Eni announced on Wednesday that it has made a new gas discovery off the coast of the Egyptian Nile Delta . . . | |
| | 2 July 2020 : ONGC, OIL top bidders for 11 oil, gas blocks {moneycontrol.com} |
| Indias latest oil and gas block bid round attracted only 12 bids for the 11 areas on offer, with 10 of them getting single bids . . . | |
| | 1 July 2020 : US, Greece hail cooperation in hydrocarbon exploration off Crete {ekathimerini.com} |
| Greek and American officials have welcomed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum . . . | |
| | 1 July 2020 : North Sea drilling returns remain modest, consultant claims {offshore-mag.com} |
| Interest remains strong for high-impact exploration drilling in the North Sea, according to Westwood Global Energy Group . . . | |
| | 30 June 2020 : Romanias OMV Petrom confirms Georgia offshore block... {spglobal.com} |
| Romanias OMV Petrom on June 29 confirmed it had won a tender for a Black Sea exploration license offshore Georgia . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
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| 4. News on Oil Demand and Oil Consumption | |
| | 3 July 2020 : Argentina fracking activity picks up in June, but gas imports may rise {spglobal.com} |
| Fracking activity in Argentina Vaca Muerta shale play recovered in June from record lows in April and May, but re-imposed stay-at-home . . . | |
| | 3 July 2020 : Goldman Sachs expects full oil demand recovery in 2022 {aa.com.tr} |
| Global oil demand is expected to return to pre-coronavirus levels in 2022 with a pickup in transportation and recovery in major economies, Goldman . . . | |
| | 29 June 2020 : The worlds top 10 oil producers and consumers {hellenicshippingnews.com} |
| Oil accounts for a third of the worlds energy consumption. That is the greatest share for any category of energy . . . | |
| | 25 June 2020 : US petrol consumption jumps as Americans hit the road {ft.com} |
| US petrol consumption jumped last week, as coronavirus lockdowns continued to ease and American motorists returned to the roads . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
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| 5. News on Oil Output | ||||||||
| | 3 July 2020 : Kazakhstan says it cut oil output beyond OPEC+ requirements in June {Reuters} | |||||||
| Kazakhstan reduced its oil output in June beyond the level required by the OPEC+ global production cut agreement, in order to compensate for . . . | ||||||||
| | 3 July 2020 : Peru crude output falls further, gas stabilizes {bnamericas.com} | |||||||
| Oil production in Peru slid for a fourth consecutive month as several blocks remain shuttered on account of COVID-19 and the associated . . . | ||||||||
| | 3 July 2020 : Russia Novak sees global oil output cuts easing from August {Economic Times} | |||||||
| Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output . . . | ||||||||
| | 3 July 2020 : Argentina gas subsidy unlikely to incentivize higher production {kallanishenergy.com} | |||||||
| Argentina planned natural gas subsidy of $3.5 per million British thermal units is unlikely to boost domestic production, according to analytics . . . | ||||||||
| | 3 July 2020 : New Zealand cuts 2020 oil output forecast {argusmedia.com} | |||||||
| Domestic crude and condensate production is forecast at around 21,000 b/d this year, down from 23,000 b/d previously. The projection is . . . | ||||||||
| | 2 July 2020 : Libyas NOC gearing up output reboot as talks continue {spglobal.com} | |||||||
| Libyas National Oil Corporation is preparing for a resumption of oil production and exports from its eastern terminals . . . | ||||||||
| | 2 July 2020 : Venezuelas oil production continues to plummet {oilprice.com} | |||||||
| Venezuelas crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28 . . . | ||||||||
| | 2 July 2020 : Gulf oil producer Oman is quickly running out of options {oilprice.com} | |||||||
| Even before the latest Saudi-instigated oil war crashed oil prices, Oman had a budget breakeven price per barrel of Brent of over US$85 . . . | ||||||||
| | 1 July 2020 : STAR refinery boosts oil production in Q1 {menafn.com} | |||||||
| Azerbaijans STAR oil refinery, controlled by SOCAR Turkey, produced 3.4 million tons of oil in January-April 2020 . . . | ||||||||
| | 1 July 2020 : Enbridge Line 5 closure in Michigan could impact Saskatchewan... {newsoptimist.ca} | |||||||
| A damaged screw anchor for an underwater pipeline in the Great Lakes could impact Saskatchewans oil production . . . | ||||||||
| More Oil Output News | ^Jump to the top^ | ||||||||
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| 6. News on Oil Transportation | |
| | 3 July 2020 : Nigeria commences works at AKK gas pipeline {kallanishenergy.com} |
| Nigeria President Muhammadu Buhari has launched construction works on NNPC $2.59 billion natural gas pipeline, Kallanish Energy reports. . . . | |
| | 3 July 2020 : U.S. moves to seize Iranian petroleum aboard four tankers bound... {washingtonpost.com} |
| U.S. authorities have moved to seize the cargo of four oil tankers carrying gasoline and fuel products from Iran to Venezuela, escalating a . . . | |
| | 3 July 2020 : Michigan judge allows restart of disputed oil pipeline {fox59.com} |
| A Michigan judge Wednesday allowed Enbridge to resume pumping oil through a Midwestern pipeline, nearly a week after shutting it down . . . | |
| | 3 July 2020 : Canadas top court dismisses appeal of oil pipeline to Vancouver {komonews.com} |
| The Supreme Court of Canada on Thursday dismissed an appeal from British Columbia First Nations against the Trans Mountain pipeline . . . | |
| | 2 July 2020 : Mexico gas imports test record highs fueled by summer heat... {spglobal.com} |
| Mexicos gas imports from the US are poised to hit record highs in the weeks ahead, propelled by rising summer temperatures . . . | |
| | 2 July 2020 : Iraq exports plunge toward OPEC compliance {iraqoilreport.com} |
| Iraqs federal government and semi-autonomous Kurdistan Regional Government both cut exports in June, reflecting a drop in production . . . | |
| | 2 July 2020 : Venezuelas oil exports sank in June to 77-year low... {Reuters} |
| Venezuelas oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions . . . | |
| | 2 July 2020 : Energy Transfer digs in on North Dakota pipeline expansion... {Reuters} |
| U.S. pipeline company Energy Transfer has taken the rare step of invoking force majeure normally used in times of war or natural disaster . . . | |
| | 2 July 2020 : Vital oil export hub in Middle East to expand storage capacity {oilprice.com} |
| The Port of Fujairah in the United Arab Emirates, one of the main oil storage and export hubs in the Middle East . . . | |
| | 1 July 2020 : Japans May crude imports fall to 53-year low as COVID-19... {spglobal.com} |
| Japans crude imports dropped 25% year on year to 2.28 million b/d in May, the lowest for the month in 53 years as refiners had slashed their crude . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
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| 7. News on Oil companies | |
| | 3 July 2020 : Exxon Mobil suffers quarterly loss on lower oil and gas prices {fxempire.com} |
| Exxon Mobil Corporation said in its regulatory filing on Thursday that it has incurred an unprecedented second straight quarterly loss from . . . | |
| | 3 July 2020 : Occidental etroleum Corporation rises 2.13% for July 02 {equities.com} |
| Occidental Petroleum Corporation is a Occidental Petroleum is an independent exploration and production company with operations in the . . . | |
| | 3 July 2020 : Petronas-linked shares prices up after crude oil gains {theedgemarkets.com} |
| Petronas Chemicals Group Bhd and Petronas Dagangan Bhd share prices rose in early trade today in an apparent response to the crude oil . . . | |
| | 2 July 2020 : Brazils Petrobras to cut over 20% of workforce in mass downsizing {nytimes.com} |
| Some 10,000 employees of Brazils Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said . . . | |
| | 1 July 2020 : ONGC reports first-ever quarterly loss on impairment loss {livemint.com} |
| State-owned Oil and Natural Gas Corp on Tuesday reported its first-ever quarterly loss after it took an impairment on the slump in oil and gas prices . . . | |
| | 30 June 2020 : Chinas Sinopec starts hiring for new risk management unit {Economic Times} |
| China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit . . . | |
| | 30 June 2020 : Israels Delek Drilling looks to refinance $2 billion in debt {Economic Times} |
| Israels Delek Drilling wants to refinance about $2 billion in loans it had taken to develop the major Leviathan natural gas field . . . | |
| | 29 June 2020 : Gas Malaysia posts RM6.9b in revenue {themalaysianreserve.com} |
| An increase in gas volume sold to customers and two gas tariff revisions that were implemented in January and July 2019 . . . | |
| | 29 June 2020 : US shale oil pioneer Chesapeake files for bankruptcy protection {aljazeera.com} |
| Chesapeake Energy Corp has filed for Chapter 11 bankruptcy protection, becoming the largest United States oil and gas producer . . . | |
| | 26 June 2020 : Occidental signals writedown of up to $9 bln on bleak oil price outlook {Economic Times} |
| Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 3 July 2020 : Solo Oil continues to work with Aminex on Ntorya gas field... {oilreviewafrica.com} |
| Solo Oil has received confirmation from the operator Ndovu Resources Limited that the Mtwara Exploration Licence has been formally . . . | |
| | 1 July 2020 : Indias top gas importer close to long-term deal around spot prices {Reuters} |
| Indias top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas . . . | |
| | 30 June 2020 : Kosmos Energy signs production prepayment agreement... {businesswire.com} |
| Kosmos Energy announced today that it has entered into a crude oil prepayment agreement with Trafigura Trading LLC . . . | |
| | 29 June 2020 : Iraq to review some oil contracts at high-cost fields {Reuters} |
| Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production . . . | |
| | 25 June 2020 : Poland signs deals to expand its LNG terminal {Economic Times} |
| Poland has signed contracts worth 1.9 billion zlotys to expand its liquefied natural gas terminal in Swinoujscie on the Baltic Sea . . . | |
| | 25 June 2020 : Iraq considers a string of massive oil deals with China {oilprice.com} |
| With the Western-leaning, reformist agenda of Iran President, Hassan Rouhani, neutered by the unilateral withdrawal of the U.S . . . | |
| | 24 June 2020 : Abu Dhabi wins $10bn FDI in gas pipeline deal {arabnews.com} |
| Abu Dhabi, capital of the UAE, has pulled off a large foreign direct investment deal with a transaction to sell a stake in its gas pipeline network . . . | |
| | 24 June 2020 : Adnoc deal a sign of confidence during a tough time for oil and gas... {thenational.ae} |
| Adnoc has recently racked up an interesting list of large and innovative financial transactions. That announced today is the biggest yet . . . | |
| | 24 June 2020 : UAE oil major signs a $20 billion gas deal {oilprice.com} |
| UAEs ADNOC today announced a $20.7-billion deal with six international companies for the acquisition of a minority stake in Adnoc Gas Pipeline Assets . . . | |
| | 22 June 2020 : Egypt- Parliament to discuss 12 new petroleum agreements... {menafn.com} |
| Minister of Petroleum and Mineral Wealth Tarek El Molla has announced that 12 new petroleum agreements, recently been approved by the cabinet . . . | |
| More news on oil contracts | ^Jump to the top^ | |
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| 9. News on Oil stocks | |
| | 3 July 2020 : North Sea oil and gas heavyweight scraps big acquisition {heraldscotland.com} |
| North Sea heavyweight Premier Oil has dropped plans for a big acquisition amid the slump in the market triggered by the coronavirus but is . . . | |
| | 2 July 2020 : AES to divest stake in Itabo power plant to Grupo Linda {power-technology.com} |
| Global power company AES Corporation has agreed to sell its interest in the 295MW Itabo power plant in the Dominican Republic for approximately $101m . . . | |
| | 2 July 2020 : KKR takes 12% stake in Philippine power major First Gen... {asia.nikkei.com} |
| U.S. investment firm KKR has acquired an 11.9% stake in First Gen, a leading Philippine power producer, for 9.6 billion pesos . . . | |
| | 2 July 2020 : Restructuring Sasol sells stake in Nigerian plant {news24.com} |
| Sasol has agreed to sell its indirect interest in the Escravos GTL plant in Nigeria to Chevron, it said in a JSE-note to shareholders on Wednesday . . . | |
| | 2 July 2020 : HPL acquires majority stake in Lummus Technology {businessinsider.in} |
| Haldia Petrochemicals Limited, a flagship company of The Chatterjee Group, has acquired majority stake in US-based Lummus Technology . . . | |
| | 2 July 2020 : Oil India, Engineers India led consortium to buy 48% stake... {livemint.com} |
| An Oil India Ltd and Engineers India Ltd-led consortium will buy 48% stake in the Bharat Petroleum Corporation Ltds subsidiary, Numaligarh Refinery Ltd . . . | |
| | 1 July 2020 : Chevron sells Australian LNG stake {thechemicalengineer.com} |
| Chevron is selling its stake in Australias North West Shelf, the countys biggest liquified natural gas project . . . | |
| | 1 July 2020 : Petrobras selling stake in Tartaruga field {oedigital.com} |
| Brazilian oil company Petrobras has put up for sale its stake in the Tartaruga field in the shallow waters of the Sergipe Alagoas basin . . . | |
| | 1 July 2020 : Shell takes $22 billion hit on lower oil, gas prices {apnews.com} |
| Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices . . . | |
| | 30 June 2020 : Energean drops Norway assets from deal to buy Edisons North Sea... {insider.co.uk} |
| Gas producer Energean has renegotiated the price of a deal which includes the acquisition of the UK North Sea business of Edison E&P . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
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| 10. News on Oil Pollution | |
| | 3 July 2020 : Nearly 48,000 liters of oil spill into Iloilo City waters after power... {CNN} |
| Around 48,000 liters of oil spilled into waters off Iloilo City on Friday after an explosion at a power barge, local disaster management . . . | |
| | 2 July 2020 : $85.5m being spent to restore Gulf Coast {wxxv25.com} |
| Members of the Gulf Coast Restoration Fund Advisory Board spent months reviewing possible projects to finance with $85.5 million in Restore Act money . . . | |
| | 1 July 2020 : New lessons from the worst oil spill disaster ever {phys.org} |
| Ten years ago, the Deepwater Horizon accident in the Gulf of Mexico killed eleven men and resulted in the largest accidental oil spill in history . . . | |
| | 30 June 2020 : AECO, Norwegian Coastal Administration get funding... {seatrade-cruise.com} |
| The Norwegian Coastal Administration and the Association of Arctic Expedition Cruise Operators received 360,000 Norwegian kroner . . . | |
| | 30 June 2020 : Three-kilometre oil spill reported on Sharjah beach {thenational.ae} |
| The environmental hazard was reported to Khor Fakkan Municipality, which assembled a team including members from Beeah . . . | |
| | 27 June 2020 : Abandoned freighter off Yemen could dump 1 million barrels... {weather.com} |
| The abandoned freighter FSO Safer has been sitting off the coast of Yemen for five years, with more than 1 million barrels of crude oil in its hull . . . | |
| | 27 June 2020 : No oil flow from Baghjan gas well site to water bodies... {business-standard.com} |
| Friday said that no oil is flowing into water bodies from a gas well in Assams Baghjan following a blowout last month . . . | |
| | 26 June 2020 : 15,000 gallon oil spill threatens river and drinking water... {nationofchange.org} |
| Around 15,000 gallons of fuel oil spilled in a Native Alaskan village Saturday, threatening a nearby river and the local drinking water supply . . . | |
| | 26 June 2020 : 60,000 litres of wastewater diverted after refinery oil spill... {globalnews.ca} |
| The Water Security Agency is shedding a bit of light on the size of and the immediate response to a recent oil spill at the Co-op Refinery Complex . . . | |
| | 25 June 2020 : Potential oil spill near West Bay Marina investigated {timescolonist.com} |
| The Canadian Coast Guard says a surveillance flight has found no evidence of an oil spill near the West Bay Marina . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 3 July 2020 : Angola resists OPEC pressure to comply fully with oil cuts {Economic Times} |
| Angola is resisting pressure by OPECs de-facto leader Saudi Arabia for a steeper oil output cut to comply fully with record supply curbs, OPEC . . . | |
| | 3 July 2020 : OPEC basket oil price rises above $40 for first time in 4 months {Business Standard} |
| The Organization of the Petroleum Exporting Countries basket oil price rose above $40/bbl for the first time in four months, reflecting . . . | |
| | 2 July 2020 : OPEC+ likely to roll back oil cuts in August... {spglobal.com} |
| OPEC and its allies have not discussed extending their record 9.7 million b/d production cut accord beyond July, according to three delegates . . . | |
| | 2 July 2020 : OPEC daily basket price stood at $38.22 a barrel Tuesday {wam.ae} |
| The price of OPEC basket of thirteen crudes stood at $38.22 a barrel on Tuesday, 30th June, 2020, compared with $37.34 the previous day . . . | |
| | 2 July 2020 : Opec cuts output to lowest since 1991 as virus slams oil demand {Economic Times} |
| Opec slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets . . . | |
| | 1 July 2020 : OPEC daily basket price stood at $37.33 a barrel Monday {menafn.com} |
| The price of OPEC basket of thirteen crudes stood at $37.33 a barrel on Monday, 29th June, 2020, compared with $37.99 the previous Friday . . . | |
| | 1 July 2020 : Opec, Russia seen easing oil production cuts from August... {Economic Times} |
| Opec and Russia will likely ease record oil production cuts from August as global oil demand recovers and prices have bounced back from their lows . . . | |
| | 30 June 2020 : OPEC daily basket price stands at $37.99 a barrel Friday {urdupoint.com} |
| The price of OPEC basket of thirteen crudes stood at US$37.99 a barrel on Friday, compared with US$37.18 the previous day . . . | |
| | 30 June 2020 : Opec has cut oil output by 1.25 mbpd in June... {Economic Times} |
| OPEC has cut oil output in June by 1.25 million barrels per day from May levels as it works to implement a supply restraint agreement with Russia . . . | |
| | 30 June 2020 : OPEC+ is still producing too much oil {oilprice.com} |
| OPEC further restricted its oil production in June compared to May as it aims to withhold a record volume of supply from the market together . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 3 July 2020 : Pirate attack oil production vessel off Nigeria, kidnap nine {thisdaylive.com} |
| Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals, the ship’s owner . . . | |
| | 3 July 2020 : Columbia Gas to pay $56M settlement for role in Merrimack Valley... {whdh.com} |
| Massachusetts Attorney General Maura Healey reached a $56 million deal with Columbia Gas for its role in the Merrimack Valley gas disaster. In . . . | |
| | 3 July 2020 : Efforts to cap OIL gas well fire in Assam continue {Economic Times} |
| Efforts for dousing the raging fire at the damaged Baghjan gas well in Assams Tinsukia district continued on Thursday as debris clearance . . . | |
| | 1 July 2020 : Kazakhstan seeks to attract foreign oil & gas investments... {caspiannews.com} |
| Government officials in Nur-Sultan are working to attract more foreign investments in what is Central Asias wealthiest economy to increase production . . . | |
| | 30 June 2020 : More than half of Norways offshore fields heading for electrification {offshore-mag.com} |
| More oil companies in Norway are considering electrification projects offshore to reduce their emissions, according to a report by the Norwegian Petroleum Directorate . . . | |
| | 30 June 2020 : Storengy UK to hold snap auction for balance of gas storage year {spglobal.com} |
| Gas storage operator Storengy UK will auction remaining capacity and space at its Stublach facility on June 30, the halfway point of the storage years injection season . . . | |
| | 29 June 2020 : Efforts to douse blaze at Oil Indias Baghjan gas well in Assam... {outlookindia.com} |
| PSU major Oil India Ltd on Sunday said its efforts to douse a blaze at its damaged gas well in Assams Baghjan have been severely hampered . . . | |
| | 28 June 2020 : Nigeria oil chief promises more transparency at state producer {Financial Times} |
| The head of the Nigeria National Petroleum Corporation promised “a new season of transparency and accountability”, pushing back against . . . | |
| | 26 June 2020 : Mercuria sees oil market in deficit by 2 mln bpd in July {Reuters} |
| Energy trader Mercuria sees the oil market in deficit in July with stock draws reaching about 2 million barrels per day . . . | |
| | 26 June 2020 : Oil & gas industry feels financing squeeze {hellenicshippingnews.com} |
| Low prices and excess supply have pushed oil & gas balance sheets to the brink, which means raising traditional debt will remain difficult . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 3 July 2020 : GKN to test 50/50 biofuel on Gripen engine {aerospacetestinginternational.com} |
| GKN Aerospace Sweden is to continue testing an alcohol-based biofuel in the RM12 engine used in the Gripen jet fighter as part of a seven year . . . | |
| | 3 July 2020 : Ernst, Greenfield spar over records on ethanol {communitynewspapergroup.com} |
| Republican Incumbent Senator Joni Ernst and Democratic Challenger Theresa Greenfield are battling over their records when it comes to . . . | |
| | 3 July 2020 : DOE selects 7 projects for performance-advantaged biofuels {biomassmagazine.com} |
| Today, the U.S. Department of Energy announced the selection of seven projects totaling $1.94 million to conduct research and development to . . . | |
| | 3 July 2020 : Pertamina expects to begin running Cilacap biorefinery in 2021 {thejakartapost.com} |
| State-owned oil giant Pertamina expects its new biofuel refinery in Cilacap, Central Java, to begin first-phase operations next year as part of . . . | |
| | 3 July 2020 : Oregon approves permit adding renewable diesel to Columbia... {opb.org} |
| The Oregon Department of Environmental Quality has approved a final permit for an ethanol terminal to begin transloading renewable . . . | |
| | 2 July 2020 : EIA: Ethanol production up 1%, weekly ending stocks fall by 4% {ethanolproducer.com} |
| U.S. ethanol production was up approximately 1 percent the week ending June 26, while weekly ending stocks of fuel ethanol fell by more than 4 percent . . . | |
| | 2 July 2020 : EPA issues guidance for ethanol plants producing hand sanitizer {ethanolproducer.com} |
| The U.S. EPA on June 27 posted a document to its guidance portal that explains how fuel ethanol plants that are producing hand sanitizer . . . | |
| | 1 July 2020 : US biodiesel production down slightly in April... {biodieselmagazine.com} |
| U.S. production of biodiesel fell slightly in April compared to March, according to data from the U.S. Energy Information Administration . . . | |
| | 1 July 2020 : Reynolds signs biofuel tax differentials bill {ethanolproducer.com} |
| Iowa Gov. Kim Reynolds on June 30 signed a bill that will extend Iowas biofuel tax differentials for six years and announced her intention to use $7 million . . . | |
| | 1 July 2020 : Brazilian ethanol inventories at 62.8% higher on year... {spglobal.com} |
| Brazilian ethanol stocks added 5.27 billion liters at the mid of June, a surge of 62.8% or 2.03 billion liters on year, Ministry of Agriculture data shows . . . | |
| More Biofuels News | ^Jump to the top^ | |
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