2017

From CNNMoney NEW YORK (CNNMoney) — Hurricane Harvey packed such a powerful punch that more than a dozen Gulf Coast oil refineries are still hurting two weeks after the storm struck Texas. Five oil refineries remain shuttered as of Monday, according to S&P Global Platts, an energy research firm. Ten more are partially shut down as they attempt to recover

From Freight News PRODUCTION BOOST Iran’s oil production has continued to rise in the past few months and is now above its OPEC quota of 3.797 million b/d. According to a recent Platts OPEC survey, Iranian crude oil production was at 3.83 million b/d in August, up 10,000 b/d from July. The country’s oil minister Bijan Zanganeh also confirmed earlier this

SOMO told customers it needs more time to study a plan to change its price benchmark for Basra crude to DME Oman futures from the average of Platts’ Oman-Dubai prices with effect from January 2018, according to the letter dated Sept. 10, and sent by Falah Alamri, the former head of the state oil marketer. From Economic Times/Reuters DUBAI- Iraq‘s Oil Marketing Company

Drilling services company to help develop production systems for one of the largest natural gas fields in the world From UPI Sept. 11 (UPI) — A contract to provide services for the giant Zohr natural gas field off the Egyptian coast is a win-win for its economy and our business, Baker Hughes said. Drilling services company Baker Hughes, a GE company,

From Fox News Despite being recently defeated from their major strongholds of Mosul and Tel Afar in Iraq, more than two years after Iraqi forces specifically sought to retake oil-rich areas from the Islamic State, its militants are continuing to steal, spill and smuggle crude oil from Iraqi oil fields as a means to wreak havoc and fund their spluttering

From Bloomberg Set to be nation’s biggest public offering this century; stock has underperformed since it listed in November 2015 Japan will sell about 1.3 trillion yen ($12 billion) of shares in Japan Post Holdings Co., the country’s biggest public offering this century, as the government continues its privatization of the postal and financial-services giant. The Ministry of Finance will sell

RBC Capital Markets says the overall market sentiment “remains polarized” From UPI Sept. 11 (UPI) — Because of the conflicting forces at play for crude oil prices, the trend is sluggish and the forecast for major benchmarks is lower, RBC Capital Markets said. The price for Brent crude oil is, at about $53.50 per barrel early Monday, about $6 per barrel