Amid Doubts, Former OPEC Head Optimistic.?While analysts have relatively lukewarm feelings about a potential production curb from OPEC members in the coming weeks, former OPEC head Chakib Khelil has a more?positive stance.
Not So-Hijacked Oil Tanker Found Near Indonesia.?The Manila Times reported that the MT Vier Harmony, an oil tanker carrying about 240,000 gallons (900,000 liters) of diesel, had been?“hijacked due to internal problems,”?on Monday, according to a tweet from Ahmad Puzi Kahar, the Malaysian Maritime Enforcement Agency chief.
US Oil Travels World Restriction Free.?The 40-year ban on oil exports was lifted at the end of last year, and now?U.S. crude is going all over the place, according to Bloomberg.
Hawaii Governor Reiterates Opposition to LNG.?The governor of Hawaii continues to maintain that?LNG does not have a future?for electrical power generation in the state.
French Engineers To Help Petrobas.?Petrobas is about to get some help with the installation of pipelines off the Brazilian coast and getting to hard-to-reach?“pre-salt” reserves.
Saudi Arabia To Boost Output To Record Levels??Saudi Arabia said it could boost crude oil supplies in August to record levels, according to?an exclusive report by Reuters.[Reuters]
BP Hits Milestone In Azeri Waters.?A BP subsidiary hit a major landmark for the amount of?oil pulled from waters off the?coast of Azerbaijan?in the Caspian Sea.
Australia LNG Export Boom Hits Snag.?“The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is?having to buy?expensive local supplies to fill the gap.” [Bloomberg]
China Aims To Lower Prices, Boost Gas Demand With New Guidelines.?Chinese officials are trying to reform the country’s pipeline network to improve the fuel’s place in?China’s energy consumption.?[Bloomberg]
TransCanada Willing To Change Energy East Pipeline Route.?Additional changes to a proposed pipeline in Canada that would carry 1.1 million barrels of crude oil from Alberta to Saint John are?reportedly on the table. [CBC]
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