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Yahoo:  Independent Oil & Gas

• Tesla to Start Mass Production in China as Musk Sets Up Shop in Berlin
  Nov.13 -- Tesla Inc. won permission to start mass production at its China factory as Chief Executive Officer Elon Musk announced that Tesla will expand its global manufacturing network with a factory near Berlin. Bloomberg's Dana Hull has the latest on "Bloomberg Technology."
• US Oil Prepares For ‘Plan B’ If Democrats Take The White House
  The US oil industry is bracing for a major change in federal energy policy if a democrat wins the 2020 elections
• UPDATE 1-Australia's Fortescue loses bid to develop Guinea iron ore blocks
  Fortescue Metals Group lost out in its bid to develop two blocks at the Simandou iron ore deposit in Guinea, the Australian miner said on Thursday. A China-backed consortium of French, Singaporean and Guinean interests won the tender through its $14 billion bid, sources told Reuters on Wednesday. Fortescue said the Guinean government told them it would go ah […]
• Key antitrust lawmaker frustrated with Google's Fitbit deal
  Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet's Google, Facebook, Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies' continued acquisitions. In a hearing of the House Judiciary Committee's antitrust subcommittee, Makan Delrahim, the head of t […]

Drilling Info

• Pacific Northwest Refiners Face Crude Sourcing Setback in 2020
  IMO 2020 rules restricting sulfur content in marine fuels will force refiners to find new sources of crude With the International Maritime Organization’s (IMO) restrictions on marine fuels with sulfur content greater than 0.5% coming into effect in January, refiners around the world should be well on their way toward adjusting their operations to mitigate [… […]
• All in the Family
  With public and private upstream operators looking at alt funding to continue growth of operations, private equity-backed companies are also taking alternative approaches to their business. After the downturn of 2016, private equity jumped into the oil patch to the tune of more than $100 billion and counting. Some of the most active quarters over […] The pos […]
• The Week Ahead For Crude Oil, Gas and NGLs Markets – November 11, 2019
  CRUDE OIL US crude oil inventories increased by 7.9 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 2.8 MMBbl and 0.6 MMBbl, respectively. Total petroleum inventories posted an increase of 3.9 MMBbl, generated primarily by the crude build. US crude oil production was unchanged from the previous week, per […] […]
• Injection Lower Than Market Expectation, Prices Rise
  Natural gas storage inventories increased 34 Bcf for the week ending November 1, according to the EIA’s weekly report. This is lower than the market expectation, which was an injection of 43 Bcf. Working gas storage inventories now sit at 3.729 Tcf, which is 530 Bcf above inventories from the same time last year and […] The post Injection Lower Than Market E […]

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