Oil Prices Edge Up. Oil prices turned back on two consecutive days of losses with a slight increase. [Reuters]
Oil Glut Set To Worsen As Nigeria And Libya Fields Restart. Two OPEC crude producers whose supplies have been cut by domestic conflicts are aiming to add hundreds of thousands of barrels to the world market within weeks. [Bloomberg]
Deepwater Horizon Film Retraces Stigma of U.S. Oil Disaster. “Just as memories of the 2010 Deepwater Horizon oil rig disaster were starting to fade from public consciousness, an action-heavy movie version is set to bring them back, front and center.” [Bloomberg]
China Will Shut Small Coal Boilers But LNG Oversupply Will Remain. LNG prices will continue to struggle as new supplies come online in an already oversupplied market. [CNBC]
Natural Gas Falls Ahead Of Inventory Report. Natural gas prices fell yesterday ahead of the EIA’s weekly report on gas inventories. [The Wall Street Journal]
Alaska Courts Japanese Government On LNG. State representatives met with government representatives from Japan – promising news after the state recently assumed ownership of the Alaska LNG project. [The Maritime Executive]
Statoil To Supply Some LNG To Baltic Countries. Statoil officials say they will be supplying LNG to small capacity terminals in Baltic countries, as nations like Lithuania aim to reduce dependency on Russian gas. [Reuters]
Shell Leaves Refinery Business In Denmark. Shell is selling its refinery operations in Denmark, after the company announced it was leaving oil and gas operations in as many as 10 countries. [UPI]
Rosneft To Go Private By End Of 2016. Russian oil producer Rosneft is set to become a private enterprise in the coming months as Russian officials look
Oil Downturn Nearly Over, Norway Says. “The fall in oil prices that began in summer 2014 has exacerbated the downturn in petroleum industry investments, which had already begun before the end of 2013,” the government said Thursday. “The downturn that followed may now be coming to an end.” [UPI]
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