The Latest
International
Gibraltar Denies Iranian Report That Tanker Will Be Released Soon
The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.
Trade
Trafigura In Ship Fuel Venture With Frontline, Golden Ocean
Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.
Infrastructure
Enbridge Needs US Approval To Restart Natgas Pipe After Ky. Blast
PHMSA says it won’t allow the company to restart two lines until an investigation is complete.
Legislation
EPA Grants 31 Small Refinery Waivers From Biofuel Laws
The U.S. Environmental Protection Agency (EPA) has granted 31 small refinery biofuel waivers for 2018 on Aug. 9, infuriating the ethanol and corn producers.
Infrastructure
Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project
Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.
Infrastructure
Canadian Oil, Gas Looks For Rebound
The Canadian oil and gas industry is slowly showing signs of recovery as energy experts are cautiously optimistic about the future of the vital economic driver.
Legislation
Trump Administration Moves To Limit State Powers To Block Pipelines, Terminals
The Trump administration on Aug. 9 unveiled a proposal that would curb state powers to block pipelines and other energy projects, drawing praise from the oil industry but criticism from progressive states and Democratic lawmakers who said it would jeopardize water quality.
Crude Oil
Analysts: China Continued Iran Oil Imports In July Despite Sanctions
Imports could have averaged as much as 360,000 bbl/d.
Liquefied Natural Gas (LNG)
Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project
Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.
Crude Oil
Oil Slumps To New 7-Month Low On Trade Tensions
Prices are down 20% since their peak for the year in April.