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09/12/2017 Oil: News Stories

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North Korea: Will new sanctions make Kim Jong Un sweat? - Sep. 12, 2017

...... to squeeze North Korea harder than ever, but will it be hard enough? The new measures target major goods that North Korea buys and sells, but they don't go as far as the U.S. wanted. A ban on oil exports to North Korea was dropped from Monday's U.N. resolution. Now it calls only for a reduction. That was the result of opposition from China and Russia, which are wary of putting too much ......

(734 words by cnn.com)
(09/12/2017)
Legislation
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UN passes fresh sanctions on North Korea - CNNPolitics

...... The resolution is designed to accomplish six major goals: cap North Korea's oil imports, ban textile exports, end additional overseas laborer contracts, suppress smuggling efforts, stop joint ventures with other nations and sanction designated North Korean government entities, according to a US official familiar with negotiations. "Today, we are saying the world will never accept a nuclear armed ......

(655 words by cnn.com)
(09/12/2017)
Legislation
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Climate change action: Understanding Republicans' opposition - CNNPolitics

...... change because they view it as an example of governmental regulatory overreach. Financially, the GOP hesitates to act because it receives the vast majority of the campaign contributions from oil, gas, coal and other energy industries. (In the past three elections, the oil and gas industry has directed nearly 90% of its campaign contributions to Republicans, and the coal industry channeled ......

(1352 words by cnn.com)
(09/12/2017)
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Is granola healthy? - CNN

...... three times the amount of fat. Popcorn – Air-popped popcorn is a healthy, whole-grain, antioxidant-rich snack that's low in calories. But movie theater popcorn, which is popped in coconut oil, is a diet disaster, contributing 1,200 calories and about three days worth of saturated fat for a medium bucket -- and that's without the buttery topping. Energy bars – Energy bars can be a ......

(728 words by cnn.com)
(09/12/2017)
Documentaries/Movies
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Healthy hacks for your office space - CNN

...... can be mentally exhausting, even if you don't realize it." Skip candles and air fresheners that use artificial scents (and release potentially irritating chemicals), and opt for an essential oil diffuser that delivers a subtle, natural aroma. Keep in mind, though, that any scent may cause irritation or allergic reactions. If breathing in a scent all day bothers you, try sucking on lemon ......

(1244 words by cnn.com)
(09/12/2017)
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Cobalt and tungsten prices are soaring - Sep. 12, 2017

...... metal this year. The performance has been fueled by one main factor: the rise of electric cars. Sales of electric vehicles are expected to grow exponentially in the coming decades, with oil cartel OPEC recently forecasting that there will be over 140 million fully electric cars on the roads by 2040. But that estimate could prove conservative. China, the world's largest car ......

(569 words by cnn.com)
(09/12/2017)
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Rick Scott has a major power problem on his hands - CNNPolitics

...... political consequences -- positive and negative -- for the people (usually presidents and governors) tasked with dealing with them. George W. Bush and Hurricane Katrina. Barack Obama and the BP oil spill. How you handle these things matters. When people are hurting, they look to the government to help. And they never forget if you don't help -- or don't help quickly enough. To date, Scott has ......

(431 words by cnn.com)
(09/12/2017)
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OPEC sees higher oil demand, signs of tighter market | Reuters

...... LONDON (Reuters) - OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of the Petroleum Exporting Countries said the world would need 32.83 million barrels per day (bpd) of ......

(454 words by reuters.com)
(09/12/2017)

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Energen seeks court ruling on investor rights as funds push for sale | Reuters

...... (Reuters) - Energen Corp on Tuesday sought guidance from an Alabama court on the state’s shareholder rights laws which an activist investor had said it would use to force a sale of the U.S. oil and gas producer, a regulatory filing shows. Corvex Management, a $5.5 billion hedge fund run by Keith Meister, has waged a public campaign since May aimed at making Energen put itself on the ......

(354 words by reuters.com)
(09/12/2017)

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Under EU attack, top palm oil producers rethink trade strategy | Reuters

...... JAKARTA/KUALA LUMPUR (Reuters) - Facing a backlash in Europe over palm oil’s environmental toll, the world’s top producers are scrambling to find new markets and even striking unusual barter deals, such as exchanging Sukhoi jets for the edible oil. The European Union is the second-largest palm oil export destination after India for both Malaysia and Indonesia, which dominate ......

(865 words by reuters.com)
(09/12/2017)

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2 Articles

Deals of the day-Mergers and acquisitions | Reuters

...... Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** Glencore’s move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader’s rivals -- and relief from its bankers. ** Vietnam’s technology firm FPT Corp said it would sell 47 ......

(454 words by reuters.com)
(09/12/2017)

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U.S. Gulf refiners rumble back to life, piece by piece | Reuters

...... some of the difficulties are appearing, as market sources told Reuters on Monday that Total’s Port Arthur refinery could be closed for weeks after Tropical Storm Harvey caused crude oil to plug a key pipeline. "Any time you have water in a refinery you have to do lube checks on every instrument, which is literally thousands of checks," Gary Simmons, senior vice president of ......

(896 words by reuters.com)
(09/12/2017)

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2 Articles

India's fuel demand falls the most in over 14 years | Reuters

...... its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels. Consumption of fuel, a proxy for oil demand in the world’s third biggest oil consumer, totalled 15.75 million tonnes in August, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday. ......

(275 words by reuters.com)
(09/12/2017)

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S&P opens at record high as Irma weakens; Apple in focus | Reuters

...... Pyongyang on Monday due to its nuclear tests. North Korea on Tuesday rejected the U.N. Security Council resolution, which imposed a ban on the country’s textile exports and capped crude oil imports. "Although North Korea is a threat and can make the market nervous because of uncertainty, more and more global powers are coming on board, taking the pressure off of just the U.S. dealing ......

(420 words by reuters.com)
(09/12/2017)

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Graphic - Apple: Will a $1,000 phone deliver a $1 trillion company? | Reuters

...... From their current level, Apple shares need to gain roughly 20 percent to sport the world’s first 13-digit market cap. (Some analysts and the Saudi royal family have pegged global oil giant Saudi Aramco’s value at $2 trillion or more, but there will be no public record to confirm that until after its initial public offering next year.) Of the 38 Wall Street analysts ......

(573 words by reuters.com)
(09/12/2017)

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Norway's wealth fund hits record $1 trillion | Reuters

...... sovereign wealth fund, the world’s largest, hit $1 trillion for the first time on Tuesday as booming global stock markets and a rising euro lifted its assets. Established in 1998 to save oil and gas revenues for future generations, the wealth fund is now worth about 2.5 times Norway’s annual gross domestic product, against original projections it would peak at 1.3 times of GDP in ......

(210 words by reuters.com)
(09/12/2017)

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Ashtead forecasts U.S. hurricane-driven demand for its tools | Reuters

...... in the business and that risks to earnings remain firmly on the upside," RBC analysts, who rate Ashtead as "outperform", said. United Rentals Inc ( URI.N ), which has more exposure to the oil and gas sector, reported better than expected results for the quarter to June 30 as underlying rates improved. Ashtead shares have gained more than 35 percent since the U.S. elections on ......

(340 words by reuters.com)
(09/12/2017)

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CANADA STOCKS-TSX rises with financials, Agrium-Potash Corp deal OK | Reuters

...... Bank up 0.6 percent at C$66.80 and insurer Manulife Financial Corp adding 0.5 percent to C$24.07 as Hurricane Irma appeared to have caused less damage than feared. Energy stocks tracked oil prices slightly higher, while Nuvista Energy Ltd jumped 5.8 percent to C$6.91 after it reaffirmed its 2017 guidance. Centerra Gold rose 0.8 percent to C$9.14, a day after saying it had reached ......

(209 words by reuters.com)
(09/12/2017)

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Hurricane Irma batters already struggling Cuban economy | Reuters

...... few years sparked by warming relations with the West has helped sustain the economy. Cuba is still labouring under a 57-year U.S. trade embargo and suffering from a steep decline in subsidized oil from its crisis-stricken Socialist ally Venezuela. Official data - which gives heavy weighting to Cuba’s universal free healthcare and education - shows hotels and restaurants account for ......

(814 words by reuters.com)
(09/12/2017)

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U.N. Security Council steps up sanctions on defiant North Korea | Reuters

...... policy by stepping up pressure. The resolution imposes a ban on condensates and natural gas liquids, a cap of 2 million barrels a year on refined petroleum products, and a cap on crude oil exports to North Korea at current levels. China supplies most of North Korea’s crude. A U.S. official, familiar with the council negotiations and speaking on condition of anonymity, said ......

(959 words by reuters.com)
(09/12/2017)

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4 Articles

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