Saturday, September 13, 2025

Oil Seen Getting $4 a Barrel Boost on Tough New Ship-Fuel Rules

From Bloomberg New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4 a barrel when the measures come into effect in 2020, according to a Bloomberg survey of 13 oil industry analysts. That’s because the changes from the International Maritime Organization, a United Nations agency, are likely to stoke refiners’ demand for lower-sulfur crude while prompting

Canadian Court Overturns Trans Mountain Approval

Kinder Morgan Canada shareholders vote to continue sale of pipeline to government From Bloomberg Prime Minister Justin Trudeau’s bid to press ahead with construction of the Trans Mountain pipeline suffered a major setback after a Canadian court nullified approval of the project. The Federal Court of Appeal ruled Thursday that the regulatory review of the pipeline expansion was “impermissibly flawed”

Cushing oil storage tanks -oilandgas360

Now You See It, Now You Don’t: Oil Surplus Vanishes Ahead of Iran Deadline

From Reuters An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices. Iran’s oil exports are already dropping fast as refiners scurry to find alternatives ahead of a reimposition of U.S. sanctions in early

MLP Stocks Stage a Comeback

From The Wall Street Journal Pipeline stocks are back from the dead. Revved up earnings, thanks to record U.S. oil and gas production, and clarity on a federal tax ruling have lifted shares of energy master limited partnerships, which own and operate pipelines. These companies, known as MLPs, have helped themselves as well. They’ve sold assets to pay down debt,

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

OPEC to Discuss Compensating for Iranian Supply Drop from U.S. Sanctions: Iraqi Official

From Reuters BAGHDAD (Reuters) – OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil marketer SOMO, Alaa al-Yasiri, told Reuters on Wednesday. Yasiri said a sudden drop in Iran oil exports will have a negative impact on prices and

China

Sinopec Oilfield Plans 4,000 Job Cuts

From Reuters Sinopec Oilfield Service Corp plans to cut 4,000 jobs this year due to structural overstaffing, having let go 2,000 employees in the first half, company spokesman Li Honghai said on Wednesday. The planned lay-offs account for just under 5 percent of the company’s total staffing. The job reductions include early retirements and cut-off to employment contracts extensions, Li