Nissa
Darbonne
Oil and Gas Investor
Opinion: The Script of the Long-running ‘US Oil Refining’ Series
This summer’s gasoline prices are merely the result of federal decisions made 50 years ago.
Gazprom Says it Will Halt Gas Supplies to France’s Engie
In a statement, Gazprom said Engie had not paid in full for July deliveries of gas. Europe is already on notice that Gazprom will shut off the Nord Stream 1 gas pipeline to Germany for maintenance.
Russia Oil Output Exceeds Expectation, But Pressure Looms, IEA Chief Says
Nations that are members of the IEA could meanwhile release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires in November, added IEA chief Fatih Birol.
US Energy Secretary Urges Refiners Not to Increase Fuel Exports
Energy Secretary Jennifer Granholm, in a letter sent Aug. 18, urged seven refiners including Valero, Exxon Mobil and Chevron, to build supplies of fuels as the U.S. enters peak hurricane season.
Boosted by Eni, Mexico’s Newest Crude Finds its Way to US Refiners
Shipments made from Italy’s Eni SpA to U.S. refiners represent the first crude exports made by an oil company other than state firm Pemex in Mexico’s history.
Britain Imports No Fuel from Russia in June for First Time on Record
Russia was the U.K.’s largest supplier of refined oil in 2021, the ONS said. By June, there were no imports of refined oil, crude oil, gas or coal, coke and briquettes from Russia.
With Iran Deal Looming, OPEC+ Weighs Oil Cuts
Should sanctions be lifted, Iran would need around a year and a half to reach its full capacity of 4 million bbl/d of crude production versus the current 2.6 million bbl/d. But it could more immediately start selling some of its oil in storage, sources said.
Saudi Energy Minister Says OPEC+ Can Cut Output to Address Oil Slump
Saudi state news agency SPA cited Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg OPEC+ has the means and flexibility to deal with oil market challenges.
Indian Ship Used to Move Russian-linked Fuel to New York Discovered
“The refined output was put back on that ship and it set sail without a destination. In the mid-seas it received the destination so it reached at its course, went to New York,” India Deputy Governor Michael Patra said at an event to celebrate 75 years of India’s independence.
Germany’s RWE Widens Global Search for LNG Supplies
Power producer expands talks for LNG beyond US and Qatar.