As energy industry professionals gathered in Houston for CERAWeek, global oil politics was top of the agenda. Policymakers and market participants saw opportunities for the US to grow its oil and gas exports amid geopolitical turbulence. Developments on Iran sanctions were a key question hanging over the event, as the market awaits further news on waivers for key importers of Iranian crude. And the US’s request thatIndia cut its Venezuelan crude oil imports has raised the possibility that it could take a softer line on Indian purchases of Iranian oil. Meanwhile, Japan this week looked poised to take a last cargo of Iranian oil under the current waiver, as talks between Japan and the US on the sanctions continue. GRAPHIC OF THE WEEK US oil and gas rig counts have shown erratic patterns lately, but one reason for recent declines may be the increasing efficiency of operators. ENERGY TRANSITION EU parliament to approve anti-fossil energy laws by mid-April The European Parliament is on track to approve all outstanding draft EU energy laws by mid-April, ensuring that the push away from fossil fuels towards renewable energies will not be disrupted by its elections in May. OIL PRODUCTS Analysis: Gasoil a winner as India gears up for federal election India’s appetite for gasoil is set to witness robust growth in the second quarter as the country gears up for its federal election in April, prompting refiners to delay turnaround plans, limit exports and build stocks in expectation of a rise in incremental demand. AGRICULTURE Listen: What prompted Southeast Asia to return to the Black Sea for new crop wheat? Buyers in Southeast Asia have returned to the Black Sea to purchase new crop milling and feed wheat, three to four months ahead of the harvest. In this podcast, agriculture editors Takmila Shahid and Andrei Agapi examine the factors that triggered the buying appetite and whether the pace will pick up rapidly. THE LAST WORD “I’d venture to say the [US] Gulf of Mexico itself is on life support… We’re not putting enough money back in to grow supply five [to] 10 years from now.” – John Hess, CEO of oil company Hess Corp., speaking Monday at CERAWeek. The post Energy and commodities highlights: CERAWeek, US sanctions and EU energy laws appeared first on The Barrel Blog. from https://blogs.platts.com/2019/03/15/commodities-highlights-ceraweek-sanctions-eu-energy-laws/
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About MeHi I am Robert Keasler 35 years old, I am mine Engineer currently attached with local petroleum exploration company. In free time mostly search for some better opportunity online. ArchivesNo Archives Categories |