This past Monday, China has launched its new oil and gas pipeline group. This group consists of multiple assets combined into one group with a net worth of between 80 – 105 Billion USD. This has been a plan of China for years, but according to reports, it was just approved this past year.
Read More
On Tuesday, December 3rd, Trans Mountain pipeline expansion project began at Acheson, Alberta. The controversial expansion started two weeks before a federal court of appeal is set to hold hearings on challenges to the project. The expansion would more than double the oil flow from oil-rich Alberta to British Columbia, and potentially from there to […]
Read More
After many scattered rumors, today brought the official news of yet another major trucking outfit closing their doors. Celadon Group, the owners of about 3,300 tractors and 10,000 trailers announced that they would be filing for Chapter 11 Bankruptcy Protection. This brings an immediate end to the 34 year run of the Indianapolis, Indiana trucking […]
Read More
The OPEC meeting that concluded today in Vienna ended with ministers approving productions cuts for the first quarter of 2020. The cuts for OPEC+ will be increased from 1.2 million bpd to 1.7 million bpd. A 500,000 bpd cut should be painless for the organization as they are currently at over-compliance with the cuts as […]
Read More
OPEC
Read More
The United States has significantly ramped up oil production over the past decade, but just how far have they come? Depending on how you view oil production, the U.S. has just become a net oil exporter for the first time in 70 years. Bloomberg describes the U.S. as a net petroleum exporter, but Forbes is […]
Read More
A bill seeking to improve pipeline safety and reduce emissions concerning climate change was introduced to the House of Representatives on November 15, 2019. The Safe, Accountable, Fair, and Environmentally Responsible (SAFER) Pipelines Act of 2019 was introduced by representative Peter DeFazio (Democrat, Chairman of the Transportation and Infrastructure Committee) and Frank Pallone (Democrat, Chairman […]
Read More
A recent survey conducted by Reuters found that OPEC oil output has dropped during the month of November from October by 110,000 barrels per day (bpd). The cause is from Angola Production fell due to maintenance, along with Saudi Arabia halted supply output before the initial public offering of state-owned Saudi Aramco.
Read More
As many of us are focused on our plans for the Thanksgiving holiday, we need to be aware of market-moving headlines in December that could create a volatile price market – similar to last year. Let’s review some of the events which could present an opportunity to take advantage of market movement and protect your […]
Read More
On Thursday, November 21, 2019, there were four more liquefied natural gas (LNG) projects approved by the U.S. Federal Energy Regulatory Commission (FERC). This move will add to the fast-growing American LNG exports over the next few years. Three of the projects will be located along the Brownsville Ship Canal in Brownsville, Texas; Texas LNG […]
Read More
