Posts by Author

Bloomberg

http://fuelfix.com/wp-admin/post-new.php#

IEA sees China, India filling strategic reserves with cheap oil

on
The two nations are building emergency stockpiles with millions of barrels of crude that mirror the reserves of oil and refined products that the U.S. and its western allies amassed after the first oil crisis of 1973 to 1974.
Photographer: Ty Wright/Bloomberg

Oilfield safety a concern as companies cut costs during downturn

on
The oil and gas industry saw 112 workers die in 2013, the latest figures available from the U.S. Bureau of Labor Statistics. That’s up 31 percent from 2003. Meanwhile, producers and drillers doubled their workforce in the same period, to 507,000.
(Kimberly White/Bloomberg News)

Fuel-thirsty California looks to Eastern Canada, Asia for supply

on
Tankers are bound for California after a spate of refinery shutdowns that propelled the premium for the state’s special blend of gasoline to a seasonal record.
Photographer: Rich Press.

How Europe’s oil companies are profiting from the slump

on
Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.
This July 8, 2013 file photo provided by Surete du Quebec, shows debris from a runaway train in Lac-Megantic, Quebec, Canada. (AP Photo/Surete du Quebec, The Canadian Press,File)

Trains carrying crude in Canada to face tougher safety standards

on
The latest Transport Canada proposals, published online Wednesday, go beyond earlier announcements by requiring rail cars carrying crude to have thicker steel, full “head shields,” mandatory thermal “jacket” protection among other upgrades.
(JEFF PACHOUD/AFP/Getty Images)

Europe refiners’ gasoline profit at 10-month high on exports

on
Gasoline’s crack, or premium to Brent crude, rose to $13.46 a barrel on Tuesday, the highest since April 29, according to PVM Oil Associates Ltd, one of the largest brokers for the fuel, before falling to $13.13 at 1:21pm London time.
A Petronas logo is seen near its twin towers in Kuala Lumpur, Malaysia.  (AP file photo/Lai Seng Sin)

Petronas prepares $7 billion bond as borrowing costs soar on oil

on
Petronas is issuing into Asia’s worst dollar-bond market this year amid a global slump in oil prices and debt concerns surrounding a Malaysia-backed investment firm.
(Lucas Schifres/Bloomberg)

Get ready for oil deals: shale is going on sale

on
Sellers will be companies handicapped by heavy debt and lacking the cash reserves or hedging contracts that would have provided some insulation from the market crash
(Andrey Rudakov/Bloomberg)

Balkan states seek gas partnership that may cut Russian reliance

on
Balkan nations on the Adriatic sea plan to build a new gas pipeline and connect their networks in a move that may help reduce Europe’s dependence on energy imports from Russia.
(DEwira/AFP/Getty Images)

OPEC keeping oil policy unless others cut, former energy minister says

on
OPEC is scheduled to next meet in Vienna in June, seven months after deciding to maintain output levels and protect market share.