September 14, 2017

U.S.’s new role as a “secure and reliable supplier” is critical to security From the Council on Foreign Relations Inventories play a crucial role in oil and gas commodity markets by smoothing out short term dislocations and sudden changes in demand. The historically high inventory levels lingering from the after effects of a global market share war that has been raging

From gCaptain The Department of Homeland Security’s Acting Secretary, Elaine Duke, has extended the limited Jones Act waiver for tankers that it had issued last week ahead of Hurricane Irma’s landfall in Florida. The original waiver, which was specifically tailored to transportation of refined petroleum products in hurricane-affected areas, was issued September 8 at the recommendation of the Departments of Defense

From Bloomberg/gCaptain Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, filed for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1 billion of new money into the company. Under the proposal, lenders will extend the maturity on $5.7 billion in debt, with no amortization payments due until 2020. Should lower-ranking creditors

Government promotes use of biofuel over fossil fuel to help thwart pollution From China Daily China has for the first time set a targeted timeline to roll out the use of ethanol in gasoline nationwide for cars by 2020, part of its efforts to clean up pollution and optimize the country’s energy mix. The plan was unveiled as the country