Tuesday, August 11, 2026

Yuan Down, Part 2: Changes to How China Handles its Oil Reserves

At Today’s Lower Prices China is Adding 70-90 MMBoe to SPR with Strategic Crude Oil Purchases Simultaneously to the Peoples Bank of China intentionally depreciating the Yuan last week, China’s National Energy Administration announced on May 31, 2016 that the country is planning to implement changes to how oil reserves are handled. Private companies will be engaged to build and

Clinton Promises to Raise Oil & Gas Royalties on Federal Lands

Clinton believes the 12.5% federal royalty rate is lagging behind Hilary Clinton promised yesterday that she will raise the royalty rate the government charges companies that extract oil, gas and coal from onshore federal lands from 12.5% if she is elected president. Clinton’s campaign said she would ensure taxpayers are “getting a fair deal” by raising royalty rates, which are

Illinois Frac Ban

India May be the Next Frontier for Wildcatters

India offers simpler permits, tax sops and freedom from pricing restrictions to operators who are willing to invest in developing its smaller fields India is expected to be the next China in terms of demand growth for energy, and now the country is hoping to attract wildcatters and risk-takers willing to develop its smaller oil and gas fields. India’s $2

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC Makes Changes, Just Not the Ones We Were Hoping to See

No cuts, no ceilings, but new secretary general is elected – OPEC The biannual OPEC meeting in Vienna today has come and gone, but OPEC’s policy of defending market share remains. Reports indicated earlier in the week that the group might reinstate a production ceiling, a feature of OPEC that the cartel did away with in December 2015, but it