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China’s Shandong independent refiners keep Aug run rates steady at 60.4%

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Singapore — Combined run rates at China’s independent refineries in eastern Shandong province was more or less stable at around 60.4% in August, compared with 60.2% in July, according to S&P Global Platts calculations based on data from JLC. JLC is a Beijing-based information provider, formerly known as JYD. Not registered? Receive daily email alerts, Read More

Saudi Arabia says Iranian weapons were used to attack oil facilities

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By Vivian Nereim, Abbas Al Lawati and Bill Faries on 9/16/2019 RIYADH (Bloomberg) – Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled Read More

Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

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CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located at Read More

‘Locked and loaded’: Trump warns Iran as oil prices surge

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By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Saudi Read More

Oil prices surge after Saudi drone attacks as US-Iran row deepens

2 days ago DieselGasoil Comments Off on Oil prices surge after Saudi drone attacks as US-Iran row deepens
By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned US motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Read More

Attacks on Saudi oil risk lowering Aramco IPO valuation

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By Shaji Mathew, Filipe Pacheco and Sarah Algethami on 9/15/2019 DUBAI (Bloomberg) – As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations over the weekend. It caused Saudi Arabia to halve its oil output Read More

Saudi, Gulf stocks fall after attacks on Aramco oil plants

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DUBAI/RIYADH (Reuters) – Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. REUTERS/STRINGER Read More

Pakistani pop star faces 2 years in jail after ‘threatening’ Modi with snakes in viral video

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A Pakistani singer has accused the local wildlife protection agency of doing Indian PM Narendra Modi’s bidding after a video, that saw her posing with giant snakes and promising to set them at Modi, landed her in legal trouble. Rabi Pirzada, a Pakistani pop singer and a TV host, faces a fine and up to Read More

Tropical Storm Humberto lashes Bahamas, seen becoming hurricane

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FILE PHOTO: Personnel from the Royal Bahamas Police Force remove a body recovered in a destroyed neighborhood in the wake of Hurricane Dorian in Marsh Harbour, Great Abaco, Bahamas, September 9, 2019. REUTERS/Loren Elliott/File Photo NASSAU (Reuters) – Tropical Storm Humberto lashed already devastated parts of the Bahamas with heavy rain and strong winds on Read More

Rig operators try to win back investors after another challenging year

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By Mikael Holter on 9/13/2019 OSLO (Bloomberg) – Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum. After suffering their worst downturn ever following the collapse of oil prices in 2014, rig companies started regaining hope as crude Read More