Friday, June 13, 2025

Top Oil Traders Sell Bespoke Crude From a Supermarket at Sea

From Bloomberg The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol Group, Trafigura Group, Glencore Plc and Gunvor Group are seeking to lure buyers who are becoming more demanding. With

Halliburton Says Oil Will Spike in 2020 After $2 Trillion in Industry Cuts

From Bloomberg Halliburton Co. expects that the worst crude crash in a generation will lead to a spike in oil prices by 2020. Tumbling oil prices brought on by a glut of global oil has forced the industry to slash about $2 trillion in investments, according to the world’s biggest fracking provider. Those cuts will weigh heavily on the market

Does Tesla’s Model 3 ‘Production’ Car Meet Muster?

From AutoWeek Ready or not, the Tesla Model 3 is on its way. Tesla head Elon Musk says the first production Model 3 is built and worthy of the road. This “production” car Musk revealed with a tweet on Saturday is still full of mystery, though: We have no full official spec sheet, interior photos or pricing information beyond the $35,000 starting MSRP. For

Iraq Plans to Offer New Oil & Gas Exploration Rights

From AP Iraq says it will offer new oil and gas exploration rights as it looks to boost energy revenues to fund its war against the Islamic State group and shore up its finances amid low oil prices. Oil Minister Jabar Ali Al-Luaibi said late Tuesday that his ministry plans to put nine border exploration blocks up for bidding by international

Agency Report Projects U.S. Natural Gas Exports Will Quadruple This Year

From Morning Consult A government report on Tuesday forecast U.S. liquefied natural gas exports will quadruple this year, a projection that could bolster the Trump administration’s promotion of American “energy dominance.” Gross LNG exports are expected to average 1.9 billion cubic feet per day in 2017, compared with 0.5 billion cubic feet last year, and rise to 2.8 billion cubic