News Oil 

Don’t write oil’s obituary just yet despite rise of electric cars, IEA says

“Oil consumption and demand is expected to remain robust into the 2040s despite a diversifying global energy mix and the rise of electric car sales, according to the International Energy Agency (IEA)” writes Holly Ellyatt for cnbc.com. In its annual World Energy Outlook 2017 report, published Tuesday, the IEA said that over the next two decades the global energy landscape would be reshaped by four major forces.”The United States is set to become the undisputed global oil and gas leader; renewables are being deployed rapidly thanks to falling costs; the…

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Total: Maersk acquisition on track; appoints execs

“Gretchen Watkins, the current Chief Executive of Maersk Oil, will leave the company when Total’s acquisition successfully closes” writes Dominic Chopping for marketwatch.com. Maersk Oil said Wednesday that its acquisition by Total SA TOT, -1.66% is on track for closure during the first quarter of 2018, while the French oil major has made its first management appointments to the future combined business. Source: marketwatch.com Share This:

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Coconut oil: It’s really not that good for you

“Unlike coconut oil, the healthfulness of olive oil is well tested by both tradition and science” writes Carrie Dennett for seattletimes.com. Studies of indigenous populations who consume a lot of coconut and have low rates of cardiovascular disease have also been used as evidence supporting coconut oil, but those populations eat coconut flesh or squeezed coconut cream — not the same thing.I’d known for a long time that coconut oil’s growing reputation as a health food was unearned and undeserved.I have a jar of virgin coconut oil in my pantry.Nothing…

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News Oil 

Synthetic or conventional oil? The verdict is finally in

“But a big question comes up when undertaking this basic task, either yourself or at a professional garage or oil-change location: traditional or synthetic oil?” writes Matthew Debord for businessinsider.com. “Synthetic oil outperformed conventional oil by an average of nearly 50 percent in its independent evaluation, offering vehicles significantly better engine protection for only $5 more per month when following a factory-recommended oil change schedule,” the organization said in a statement.When my 1998 Saab 900S was on its last legs, I went back to conventional for oil changes.I did, but…

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News Oil Stocks 

European stocks start the week with a bang after oil prices jump

“Elsewhere, European indexes were helped by energy stocks, as well as banking and financial stocks” writes Will Martin for businessinsider.com.au. LONDON — Stocks across Europe popped on Monday, with energy companies rallying on the back of strong oil prices.Both Brent and WTI oil — the two most-watched benchmarks — popped after data pointed to moderating output in the USA. That should help recalibrate the supply/demand imbalance that has kept oil prices subdued for nearly three years.The FTSE’s gains were driven by major mining and commodity companies, which took heart from…

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News Oil 

Coconut oil is not a magical health food after all

“Because coconut oil increases LDL cholesterol … and has no known offsetting favorable effects, we advise against the use of coconut oil,” the AHA said in its recent advisory” writes Maria Gallucci for mashable.com. Coconut oil is an all-natural wonder: It’s skin moisturizer, hair conditioner, coffee creamer, butter substitute, and delicious on toast.Existing data showed coconut oil raised bad cholesterol in seven out of seven controlled trials.But coconut oil is conspicuously absent from that list of healthy ingredients.But those trials involved consuming unusually high levels of the fat — more…

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News Oil 

Coconut oil’s health benefits are a myth — here’s what you should buy instead

“In terms of calorie and fat content, coconut oil is virtually identical to olive oil” writes Erin Brodwin for businessinsider.my. But as opposed to a tablespoon of olive oil, which has just one gram of saturated fat, the same amount of coconut oil has 12 grams.The AHA says the high saturated fat content in animal products like butter and coconut oil can raise levels of unhealthy “bad” cholesterol.The American Heart Association recently updated its guidelines on fats to include the recommendation that people avoid saturated fats — which are primarily found in things…

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News Oil 

Blame gasoline for oil’s drop to the lowest level of the year

“U.S. inventories of motor gasoline rose by 2.1 million barrels for the week ended June 9, as supplies of crude oil fell by 1.7 million barrels, the Energy Information Administration reported Wednesday” writes Markets Commodities Reporter for marketwatch.com. Some of last year’s readings inched closer to implied demand of 10 million barrels a day, he said.The EIA also reported that motor gasoline product supplied, an indicator for demand, averaged more than 9.5 million barrels a day over the last four weeks.Gasoline led the drop in the oil complex Wednesday as…

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Cannabis expo draws entrepreneurs in growing industry | Video

“There was cannabis artwork, representatives from Cannabis State University, and assorted oils and clothing on hand at the Southeast Cannabis Conference and Expo” writes Brian Ballou for sun-sentinel.com. But the ban on smoking remained in effect; those prescriptions would be for pills, oils, vape pens or edibles. Source: sun-sentinel.com Share This:

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