Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Nov. 20.
After making four energy investments in 2014, private-equity firm Warburg Pincus made three in 2015 before recovering to five in both 2016 and 2017.
Iran will continue to export oil despite U.S. sanctions, which Iranian President Hassan Rouhani said on Nov 19 are part of a psychological war doomed to failure.
Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency (IEA) said on Nov. 19, appealing to market players to use “common sense.”
U.S. Gulf Coast crude oil imports in October fell to the lowest level in more than a year as the nation's production and exports soared, data from Refinitiv Eikon and market intelligence firm Kpler show.
Company mum on when the first cargo will leave the facility.
Oil rose on Nov. 16 on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.
The LNG expansion, which analysts estimate will cost $13 billion, is crucial to the Pacific island nation’s economy as LNG is its biggest export earner, while demand for the fuel is surging in international energy markets.
Gwin, who last served as executive vice president of finance and CFO, will be responsible for leading Anadarko’s worldwide operations, project management, exploration, midstream and marketing, as well as the company’s expanding next-generation technology development and systems solutions.
Sunoco agreed to buy American Midstream’s refined products terminalling business in a roughly $125 million cash deal that comes a few months after a previous sale for the assets was called off.
Warmer weather has halted demand growth and forced prices to drop.