A Very Fragile Balance In Oil Markets

Against the background of the United States softening its rhetoric vis-à-vis Huawei and Saudi Arabia taking matters into its own hands in cutting export rates significantly below the 7mbpd export threshold, crude prices have steadied a bit on Monday-Tuesday this week. The push factors still remain on the table – OPEC has once again cut …

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Safe Coker Egress

Does your unit have protocols in place to address cleanup, debris removal, fire, and other emergencies? Safe Coker Egress You know, I just got back from a site visit and I see the same thing again and again. I see egress and access pathways blocked up with debris, dunnage, hoses, insulation, and barrels of trash. …

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Labrador Technologies Receives Extension to hold Annual General Meeting

Calgary, Alberta – TheNewswire – August 21, 2019 – Labrador Technologies Inc. (“Labrador” or the “Corporation”) (TSXV:LTX) announces that it has made application to, and has been granted an order (the “Order”) by the Court of Queen’s Bench of Alberta to hold its Annual General Meeting (“Meeting”) beyond the time required by section 132(1) of …

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Oil Prices Steady As EIA Reports Small Crude Draw

Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories. Analysts had expected a draw, after yesterday the API also reported lower inventories and much lower than forecast, at that. The Institute’s estimate was for a 3.45-million-barrel decline versus expectations for …

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Pembina Pipeline Corporation to Acquire Kinder Morgan Canada and the Cochin Pipeline for $4.35 Billion and Increase Dividend

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”) and adjusted cash flow from operating activities per share (“adjusted cash flow per share”), which are financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”). …

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Column: India’s infrastructure requirements are an eye-opening reminder of the world’s staggering demand for all energy sources

I’ve recently succumbed to an infatuation, much like a grade-school crush. Mind you, what is appealing at my current age is markedly different than what was back then; having traversed a generation’s worth of the realities of adulthood, and with the prospect of hoping to retire someday, the subject matter of my admiration has shifted. …

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Scrap-iron ore price link weakened by trade tensions, Turkish downturn

The traditionally strong correlation between ferrous scrap and iron ore has been eroded by global trade upheavals and economic troubles in Turkey, the largest import market for steel scrap. Previously, the relationship between ferrous scrap and iron ore prices often meant price movement in one would lead to a corresponding price change in the other …

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Iranian news agency says Adrian Darya 1 tanker leased to Revolutionary Guards

Iran’s semi-official ILNA news agency said on Wednesday the tanker Adrian Darya 1, which was released after being detained in Gibraltar, is currently leased to the country’s elite Revolutionary Guards. The United States has issued a warrant to seize the tanker on the grounds that it had links to the Revolutionary Guards C (IRGC), which …

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U.S. refinery operations-Total’s Port Arthur, Texas refinery production cut in half- sources

The following is a list of refinery incidents reported in the United States on Aug. 20: * Total’s Port Arthur, Texas refinery production cut in half- sources * BP Blaine, Washington Refinery Reports Work Until Aug. 25 * United Refining Reports Power Outage at Warren, Pennsylvania Refinery =============================================================================================== REFINERY INCIDENTS: (LISTED BY REGION, WITH MOST …

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