24 October

US Gulf Coast crude exports to South Korea nearly tripled week on week, coinciding with wider Dubai/LOOP Sour and Brent/WTI swap spread and despite persistently high freight rates from the US Gulf Coast to North Asia. Waterborne crude exports from PADD III to South Korea increased by 2.717 million barrels week on week to 4.225 […]

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21 October

Spot day charter rates for LNG carriers have hit their highest levels since mid-2012 on the back of low prompt availability of vessels in both the Atlantic and Pacific basins. This week, S&P Global Platts assessed Pacific and Atlantic day rates for LNG vessels at $140,000/day and $130,000/day, respectively, up 40% since mid-September, and nearly […]

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21 October

Australia’s bid to challenge Qatar as the world’s largest LNG exporter has been weakened by several factors including gas shortages, domestic supply commitments, natural declines at its LNG projects and the lack of a cohesive energy policy. As a result, Australia is unlikely to overtake Qatar’s LNG export volumes for any meaningful duration on a […]

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21 October

September was the second month of halted US crude exports from Louisiana to China due to higher VLCC freight rates, a narrower Dubai/LOOP Sour spread and uncertainty over possible trade tariffs imposed by China on US crude. In September, no cargoes departed Louisiana for China, according to cFlow, S&P Global Platts trade-flow software. Additionally, no […]

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21 October

“I’m baffled,” one US government official said last week. “I have no clue,” said another. “I have absolutely no idea what he’s talking about,” one frustrated analyst said after an hour of phone calls. “I’m not sure anybody does.” On October 9, President Donald Trump told reporters aboard Air Force One that he was getting […]

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21 October

Saudi Arabia’s energy strategy could put to bed questions over its spare oil capacity in the coming years. The kingdom’s plan is two-pronged: Expand and develop oil fields to offset production decline, and diversify away from crude for power generation. It is this latter move that is key to unlocking further oil exports. The OPEC […]

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19 October

PLANO, TX–(Marketwired – April 30, 2018) – Torchlight Energy Resources, Inc. (NASDAQ: TRCH) (“Torchlight” or the “Company”), today announced that stimulation of the Penn formation has been successfully completed on the University Founders A25 #1H horizontal well in the Orogrande Project. A total of six stages were fracture stimulated using 1.6MM pounds of sand at […]

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19 October

HOUSTON, TX–(Marketwired – May 01, 2018) – Petrolia Energy Corporation (OTCQB: BBLS) (“Petrolia”, “Petrolia Energy” or the “Company”) is pleased to announce the appointment of Mr. Ivar Siem to its Board of Directors. Mr. Siem fills the vacancy left following the recent passing of Mr. Lee Lytton.

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12 October

In June 2017, Mexico’s Energy Regulatory Commission (CRE) announced the elimination of the maximum price of natural gas, known as the first-hand price, or the VPM. Instead of using this price cap formula, the state-owned oil and natural gas company, Petroleos Mexicanos (Pemex), alongside independent market participants, would determine prices based on market conditions. More […]

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12 October

BARCELONA — Considering the expected growth in US LNG exports over the next several years, it is natural to focus on the developers, construction contractors, regulators and contract pricing mechanisms that enable the resources to flow. But, what happens at the next step in the LNG value chain when cargoes get where they are going? […]

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