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Commodities

Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions. Read more

Commodities

The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. Read more

Commodities

The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday. Read more

Commodities

Crude oil futures fell nearly 1 percent on Wednesday after U.S. government data showed a sharp build in crude inventories, but a third weekly draw down in gasoline stocks kept losses at bay. Read more

Commodities

Proved reserves of crude oil in the U.S. increased 19.5 percent from year-end 2016, rising to 39.2 billion barrels and surpassing the previous peak level of U.S. crude oil proved reserves of 39 billion barrels set in 1970. Read more

Commodities

OPEC and some non- OPEC oil ministers recently met in Vienna to address growing surpluses in the market. Read more

Commodities

U.S. oil refiner HollyFrontier Corp’s quarterly profit beat was overshadowed by weak performance in its lubricants and specialty products business. Read more

Commodities

Oil steadied on Tuesday after hitting 2019 highs as concerns about global crude oil demand, coupled with uncertainty over the latest round of U.S.-China trade talks, countered investor optimism around tightening supplies. Read more

Commodities

Mars Sour, a U.S. offshore crude grade, fell sharply on Monday as market participants focused on upcoming Gulf Coast refinery maintenance work expected to take crude units offline and reduce demand for the medium sour grade. Read more

Commodities

Citgo Petroleum Corp idled the small gasoline-producing unit at its 157,500-barrel-per-day (bpd) Corpus Christi, Texas, refinery. Read more

Refining & Petrochemical Processing

EIA’s Annual Energy Outlook 2019 projects continued development of U.S. shale and tight oil and natural gas resources. Read more

Commodities

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Read more

Commodities

Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy Read more

Commodities

Natural gas production in the United States reached record levels in 2018. Read more

Refining & Petrochemical Processing

Global ethylene capacity is expected to experience considerable growth between 2017 and 2026, increasing from 180 million tons per annum (mtpa) in 2017 to more than 270 mtpa in 2026, led by China and the U.S. Read more

Refining & Petrochemical Processing

Brent crude oil averaged $72 per barrel (b) in 2018, nearly $17/b more than the average price for Brent in 2017. Read more

Commodities

Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state’s first deepwater port. Read more

Offshore & Marine

Wholesale electricity prices during 2018 at major trading hubs in the United States were generally higher than in 2017. Read more

Power Generation

Oil rose to above $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support. Read more

Commodities

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