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California's dirty oil gets pricey amid Venezuela sanctions

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By Robert Tuttle and Sheela Tobben on 2/19/2019 Ventura Basin. Photo: California Resources Corporation. CALGARY and NEW YORK (Bloomberg) — California doesn’t usually come to mind when talking about the U.S. oil boom, but the state’s dirty oil is commanding an increasingly large premium amid an international shortfall of dense, high-sulfur crude. Refiners in the Golden Read More

Republican backlash against Trump EPA pick fueled by 'biofuel reset'

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WASHINGTON/NEW YORK (Reuters) – EPA acting administrator Andrew Wheeler rejected a proposal from his staff that would have reduced the ambition of the nation’s biofuel policy over the next three years, arguing the targeted range it included for annual ethanol consumption was too low, according to two sources familiar with the matter. FILE PHOTO: Acting Read More

Oil lingers around 2019 highs but demand worries weigh

3 hours ago DieselGasoil Comments Off on Oil lingers around 2019 highs but demand worries weigh
NEW YORK (Reuters) – 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. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Read More

Oil slips from 2019 high as economy worries weigh

6 hours ago DieselGasoil Comments Off on Oil slips from 2019 high as economy worries weigh
LONDON (Reuters) – Oil fell from its 2019 high of almost $67 a barrel on Tuesday as concerns about the progress of U.S.-China trade talks and slowing economic growth countered lower supplies. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Read More

Ultra Petroleum Corp. Announces 2018 Year-End Reserves and Production, Reaffirms its $1.3 Billion Borrowing Base, Executes a Proactive Amendment to RBL Credit Agreement, Provides an Update on Follow-On Debt Exchanges, and Schedules Q4 and Year-End Earnings Call

9 hours ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces 2018 Year-End Reserves and Production, Reaffirms its $1.3 Billion Borrowing Base, Executes a Proactive Amendment to RBL Credit Agreement, Provides an Update on Follow-On Debt Exchanges, and Schedules Q4 and Year-End Earnings Call
ENGLEWOOD, Colo., Feb. 19, 2019 (GLOBE NEWSWIRE) — Today Ultra Petroleum Corp. (“Ultra Petroleum,” “Ultra” or the “Company”) (NASDAQ: UPL) announced its 2018 year-end reserves and production, semi-annual borrowing base redetermination and favorable amendment to its leverage covenants and schedules its 2018 fourth quarter and year-end earnings call. Key Highlights: Fourth quarter and full-year 2018 Read More

Brent oil eases from 2019 highs as markets await trade talks outcome

18 hours ago DieselGasoil Comments Off on Brent oil eases from 2019 highs as markets await trade talks outcome
SINGAPORE (Reuters) – Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by Read More

U.S. oil prices hit three-month high amid OPEC-led output cuts

19 hours ago DieselGasoil Comments Off on U.S. oil prices hit three-month high amid OPEC-led output cuts
FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo SYDNEY (Reuters) – U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization Read More

Qatar Petroleum launches energy sector localization program – TAWTEEN

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2/18/2019 Photo: Saad Sherida Al-Kaabi, president CEO Qatar Petroleum. QATAR — His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “TAWTEEN” – an initiative to enhance localizing the sector’s supply chain and expand the small and Read More