Iran oil exports hold near five-year, pre-sanctions level high. Sources say Iran is holding steady at 4.5 million barrels per day in production with a whole lot more in exports, too.
Feds update oil, gas royalty system for federal land. The freaky fed fusses with federal land and fossil fuels. Apparently they want to “ensure oil and gas production is accurately measured and that the government receives the proper royalty payments for that production.”
India Could Invest $15bn In Nigeria’s Oil And Gas Sector. Both sides are working on a memorandum of understanding that could be a net positive for both nations.
ExxonMobil Moves to Block New York, Massachusetts Investigations. Company officials asked a Texas court to throw out subpoenas issued by the attorneys general in NY and Massachussetts, as the Great War Over Climate Change continues.
Slumping Oil Prices Are Creating New Headaches for Duterte. Platitudes and insults likely won’t save President Rodrigo Duterte and the Philippines, as Saudi Arabia (which is the top destination for Filipino workers abroad) continues feeling the intense pinch from the oil markets. Reports say Duterte is frantically searching for another round of poorly directed insults.
Oil Gains Above $50 as Weak Dollar Adds to OPEC Output Cut Plans. In a more adorable world, crude prices are the fuzzy little groundhog that just peeks his head out from his $50 home, only to hide right back under again. No word yet on the shadow and comments from Phil Connors are forthcoming.
India gets a brand new oil & gas basin, Kutch offshore, after 31 years. Kutch is coming through with the clutch for Indian oil production, as officials hope to move toward development of the basin by mid-2017.
In good sign for market, floating oil storage has plummeted. With floating oil going down, is the glut relenting? Will the market continue to strengthen? Will Superman save Lois Lane in time?
India, Russia Discuss US$25 Billion Gas Pipeline. Officials want to transport Russian gas from Siberia to India – over 2,800-3,700 miles – but sources say Russia is saying nyet to the idea of the pipeline passing through Pakistan.
Natural Gas Prices Fall as Temperatures Stay Unseasonably High. Feeling the heat in the U.S.? You’re not the only ones – natural gas companies are feeling it too.
石油圈
