Oil & Energy

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There was a time that midwest oil refineries were at the mercy of the cheaper crude from the American gulf coast, that has all changed with cheap crude flowing to them feeding record refining in the region.

U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported, this follows earnings from Baker Hughes GE Co. $BHGE and Schlumberger $SLB with concerns about driling activity. On a monthly basis rigs fell 9 in September, after declining 7 in August. 


The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.


Our TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.

Another twist in the much delayed Saudi Aramco IPO. The Financial Times and WSJ are out with a report that Aramco, i.e. The Kingdom of Saudi Arabia, is considering ditching the IPO internationally, listing domestically and selling shares privately.

U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported as we head into earnings season and the hurricane season continues with maintainence and disruptions. On a monthly basis rigs fell 9 in September, after declining 7 in August. 

The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.

The OPEC Monthly Oil Market Report (MOMR) for October released Wednesday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

Our post Harvey TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.

Chevron has officially started production of LNG at the Wheatstone Facility in Western Australia. The first cargo shipping in the coming weeks to customers in Asia. The facility consists of two liquefaction trains with a cumulative capacity of 8.9 Mtpa.

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