May 17, 2017

From Reuters Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed. India’s April imports from Iraq topped 1 million barrels per day (bpd) for the first time, up by about a third

From Globes Linking price of gas in Israel to U.S. CPI was trouble Faults in the process of formulating an agreement between Israel Electric Corporation (IEC) and the Tamar natural gas reservoir partners caused $820 million-$1.5 billion in excess costs that could have been foreseen. This was the main conclusion of the State Comptroller’s report on the process of signing the agreement. It

From Newstalk 870 Boardman, Oregon – Portland General Electric (PGE) has suspended efforts to get permits to build two natural gas burning power plants near Boardman. The plan was to utilize them to replace the coal-fired plant that is set to shut down in 2021. The current plant is being closed largely to environmental group pressure. Coal industry plants across

From The Hill The onshore rig count in Mexico fell to one in March, a particularly ominous sign for a country that is attempting to dramatically increase its reliance on natural gas for power generation. With a declining domestic resource base, Mexico will increasingly rely on U.S. pipeline gas and imported liquefied natural gas (LNG) and may be forced to