January 22, 2016 – Oil & Gas 360

Natural gas draw of 178 Bcf for the week ended January 15 The Energy Information Administration (EIA) released its natural gas data for the week ended January 15, showing a draw of 178 Bcf, bringing gas-in-storage levels to 3,297 Bcf. Despite the draw last week, natural gas storage remains 660 Bcf higher than the same time last year. The week’s

China’s Teapot Refiners Under Scrutiny after Cancelling Import Deal

January 22, 2016

More than $50 million of crude destined for Chinese teapot refiners rerouted China is making a push to open its markets to competition and increase its crude oil refining capacity by allowing smaller “teapot” refiners to handle 1.5 MMBOBP of crude oil, about one-fifth of the country’s refining needs. It is hoped that that teapot refiners, called such because of

NC Electric Cooperatives Report 16,500 Outages As Winter Storm Jonas Wears On

January 22, 2016

NC Electric Cooperatives Report 16,500 Outages As Winter Storm Jonas Wears On

Rigs Dip Below 650 While Oil Enjoys a 5-Day V-Shaped Recovery

January 22, 2016

U.S. rig counts continue their downward trend The U.S. rig count has either decreased or remained unchanged for 22 consecutive weeks now. According to information released from Baker Hughes (ticker: BHI) the U.S. rig count fell by 13 in the week ended January 22, 2016, to 637. This is the first time since the week ended August 20, 1999, that

Genie Energy to Resume Paying Quarterly Dividend of $0.06 per Share of Common Stock

January 22, 2016

Genie Energy to Resume Paying Quarterly Dividend of $0.06 per Share of Common Stock

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