News Oil 

Pemex aims for splash in shallow waters, retreats from the deeps

“Almost half the Pemex budget is earmarked for exploration and production, mostly in shallow water and some onshore areas” writes Midwest Communications Inc for 95kqds.com. To that end, the budget projects Pemex spending almost $2.5 billion on an oil refinery Lopez Obrador is building at the southern Gulf coast port of Dos Bocas. “If Pemex has to do it all by itself with this level of funding, it won’t be enough,” he said. Source: 95kqds.com Share This:

Read More
News Oil 

OPEC has shown it can reach deal despite splits: Iran oil minister

“OPEC … has shown the capacity in which members can hold talks and reach important results regarding their common interests despite having the most intense political disputes or even military conflicts (such as during the Iran-Iraq war),” Zanganeh said on Twitter” writes Midwest Communications Inc for 95kqds.com. The OPEC deal had hung in the balance for two days – first on fears that Russia would cut too little, and later on concerns that Iran, whose crude exports have been depleted by U.S. sanctions, would receive no exemption and block the…

Read More
News Oil 

Canada is woefully unprepared for a shift away from fossil fuels

“It would have almost tripled the amount of Alberta crude carried to a terminal near Vancouver and onward to world markets” writes The Economist for economist.com. Bitumen Beyond Combustion, a government-funded programme, is exploring what Alberta could do with the 165bn barrels of oil in the tar sands other than burning it.Ms Notley has political reasons for keeping her public focus on oil. Source: economist.com Share This:

Read More
News Oil 

Saudi Aramco announced a deal on Friday with U.S. defense giant Raytheon to form a jointly-owned company to boost cybersecurity in the kingdom.

“Saudi Aramco announced a deal on Friday with U.S. defense giant Raytheon to form a jointly-owned company to boost cybersecurity in the kingdom” reports washingtonexaminer.com. The new company will enhance protections for both Saudi Aramco, its suppliers, customers, and subsidiaries, and help build global cyberprotection capabilities, the Saudi Press Agency said.”The new cybersecurity company is expected to provide marketing and security services for integrated defense cybersecurity products,” the official government news bulletin read.Saudi Aramco has been the victim of major cases of cyberintrusion and hacking attacks in the past and…

Read More
News Oil 

7 Products To Get Your Oily Skin Under Control Once and For All

“One of the best on-the-go options for oily skin is the PleasingCare Natural Oil Absorbing Tissues” writes Sarah Morlock for spy.com. To keep your skin’s shine in check, try one of these 7 oil-controlling products, which work to clean, absorb excess oil and return balance to your skin.* Oiliness is the result of overactive sebaceous glands in your skin * Too much oil leaves your skin greasy and acne-filled due to clogged pores * These 7 products will help balance your oil levels and give you clearer skin If you…

Read More
Markets News Oil 

Commodities have been battered by the Trump-China trade war. And 2019 doesn’t look much better.

“Global commodity markets have had a tough time in 2018, and next year doesn’t look much better” writes Callum Burroughs for businessinsider.com. Similarly, the trade war, tightening Federal Reserve monetary policy and a worsening credit cycle could impact the market in 2019, according to Bank of America.Similarly, trade-war risks have been front and center and has been the biggest risk to oil this year, according to Peter Helles, commodities strategist at Bank of America.Fears about global growth are also weighing on commodity markets. (Trade figures are usually a good barometer…

Read More
News Oil 

Dramatic photos show how radically Dubai has changed in 50 years

“The Dubai Creek Harbour complex will include the Dubai Creek Tower, set to be the tallest tower in the world, and Dubai Square, a $2 billion mega-mall that will be the biggest in the world” writes Harrison Jacobs for businessinsider.com. Most of the development was driven by the state-owned Dubai World company and Emaar Properties, a formerly government-owned enterprise that is now publicly traded.Projects currently under construction include the extravagant Museum of the Future, Gate Avenue, a ground-level, $272 million development that cuts through the financial district, and Dubai Creek…

Read More
News Oil Reviews 

Oil Daily Review December 14, 2018

Oil Daily Review for December 14, 2018 WTI Crude Oil and Natural Gas Forecast December 14, 2018 The WTI Crude Oil market initially dipped during the trading session on Thursday but then turned around to show signs of life again. We are still in the same…   Market Risks Abound As Yields Tell of Chilling Risk Sentiment As EM Turmoil Remains Key stories driving price action this week focus on GBP options insight showing highest uncertainty since the Brexit vote, the chilling development in US yield   Stocks end mixed…

Read More
News Oil 

Oil prices fall as investors take profits amid China economy worries

“Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close” writes Jerome Favre for cnbc.com. In China, refineries processed 50.46 million tonnes of crude oil last month, or 12.28 million bpd, up 2.9 percent from the same month last year, the National Bureau of Statistics reported. Source: cnbc.com Share This:

Read More