The Latest

Petrochemicals

Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant

Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the Flint Hills chemical plant while it builds three giant petrochemical units within its Port Arthur complex.

August 20, 2019

Crude Oil

Column: Hedge Funds Sell Oil As Global Economy Slows

Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies.

August 19, 2019

Crude Oil

What's Affecting Oil Prices This Week (August 19, 2019)?

For the week ahead, Stratas Advisors expect Brent to remain weak, averaging $60/bbl.
 

August 19, 2019

Natural Gas

Elevate Midstream Enters Gas Gathering Agreement With Sabine

The agreement between Elevate Midstream and Sabine Oil and Gas increases gas gathering and processing capabilities in the Carthage area within the Haynesville Shale.

August 19, 2019

Exploration & Production

Shale Gas Producers Help Fuel US LNG Exports Rise To Top

Together, the Appalachia and Permian basins are expected to supply about 53% of the North American gas market by 2030, according to McKinsey and Co.

August 19, 2019

Liquefied Natural Gas (LNG)

Natural Gas Deliveries To US LNG Export Facilities Set A Record In July

In the first seven months of 2019, natural gas feedstock deliveries to LNG export facilities have been the fastest growing among all U.S. natural gas consumption sectors, the EIA says.

August 19, 2019

Liquefied Natural Gas (LNG)

Houthi Drone Attack On Saudi Oilfield Causes Gas Fire, Output Unaffected

A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Aug. 17 caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.

August 18, 2019

Crude Oil

OPEC Delivers Downbeat Oil Market Outlook For Rest Of 2019

The report by OPEC also said oil inventories in developed economies rose in June, suggesting a trend that could raise the group's concern over a possible oil glut.

August 16, 2019

Liquefied Natural Gas (LNG)

BP Publishes LNG Contract Templates To Push Industry Standardization

lobal oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so.

August 15, 2019

Crude Oil

There’s Crude Oil And There’s Crude Oil

Government rules stipulate obligations and costs for information on differing crude oil streams.

August 15, 2019