Category: Gulf
-
Canadian Oil Dodges ‘Cataclysm’ With Lower Tariffs, Gulf Outlet
•
(Bloomberg) – Canada’s energy correction may have a temporary disaster in the trade war with the United States, as President Donald Trump’s orders imposed crude taxes at a lower rate and perhaps allowing producers to avoid full fees on some shipments. Most of them read from Bloomberg The 10 %…
-
Pay gulf widens between public and private sectors under Starmer
•
Public sector workers now earn about 6 per cent more than their private sector counterparts – three times the gap seen at the start of this year – according to new analysis by the Decision Foundation. The think tank’s research suggests that a series of generous pay settlements under Sir…
-
Exclusive-Stop Israel from bombing Iran’s oil sites, Gulf states urge US By Reuters
•
Written by Samia Nakhoul, Parisa Hafezi and Bisha Majed DUBAI (Reuters) – Three Gulf sources told Reuters that the Gulf states are pressuring Washington to prevent Israel from attacking Iranian oil sites because they fear that their oil facilities will come under fire from Tehran’s proxies if the conflict escalates.…
-
Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
•
HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
-
Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
•
HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
-
Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
•
SlavkoSereda/iStock via Getty Images Crude oil prices rose for a second straight session on Thursday as Hurricane Francine forced several offshore wells to shut in production, but gains were capped by lingering concerns about the outlook for crude demand. More than 730 thousand barrels per day, or 42% of Crude…
-
Factbox-US Gulf Coast energy facilities hit by storm Francine By Reuters
•
(Reuters) – Energy facilities on the U.S. Gulf Coast were assessing damage on Thursday from Hurricane Francine, which tore through offshore oil production areas and hit the Louisiana coast on Wednesday. Hurricane Francine brought heavy rains and gusty winds to Louisiana, Mississippi and Alabama, causing widespread power outages and impacting…
-
U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
•
straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
-
Gulf of Mexico oil drilling faces threat from court ruling on endangered species
•
Pera1 U.S. regulators are seeking to rewrite guidelines on how to protect endangered species in the Gulf of Mexico before a December deadline, which could lead to Threat to oil and gas production In an area that supplies 2 million barrels of oil per day, or about 15% of U.S.…
-
Motorists overpay Sh16bn in fuel deal with Gulf firms
•
Motorists have been overcharged by an estimated Sh16.4 billion or Sh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies, boosting the profits of three local companies at the expense of consumers. Kenya entered into the deal with Saudi Aramco, Abu Dhabi National…
-
Hurricane season: First named tropical storm, Alberto, forms in Gulf of Mexico
•
Tropical Storm Alberto formed Wednesday in the southwestern Gulf of Mexico, the first named storm expected to be a storm Busy hurricane season. Alberto, which is bringing strong winds, heavy rain and some flooding along the Texas and Mexican coasts, is expected to make landfall in northern Mexico on Thursday.…