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NHC STORM ADVISORY: ivo continues to weaken

Tropical Storm Ivo Advisory Number 13 NWS National Hurricane Center Miami FL EP102019 200 AM PDT Sat Aug 24 2019 …IVO CONTINUES TO WEAKEN… …SWELLS PROPAGATING TOWARD THE BAJA CALIFORNIA PENINSULA… SUMMARY OF 200 AM PDT…0900 UTC…INFORMATION ———————————————- LOCATION…21.4N 115.8W ABOUT 390 MI…630 KM WSW OF THE SOUTHERN TIP OF BAJA CALIFORNIA MAXIMUM SUSTAINED WINDS…45 [Read more]

Source: BOE Report

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NHC STORM ADVISORY: ivo weakens as it heads toward cooler waters

Tropical Storm Ivo Advisory Number 12 NWS National Hurricane Center Miami FL EP102019 800 PM PDT Fri Aug 23 2019 …IVO WEAKENS AS IT HEADS TOWARD COOLER WATERS… SUMMARY OF 800 PM PDT…0300 UTC…INFORMATION ———————————————- LOCATION…20.5N 115.5W ABOUT 395 MI…635 KM WSW OF THE SOUTHERN TIP OF BAJA CALIFORNIA MAXIMUM SUSTAINED WINDS…50 MPH…85 KM/H PRESENT [Read more]

Source: BOE Report

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NHC STORM ADVISORY: Chantal becomes a remnant low this is the last advisory

Post-Tropical Cyclone Chantal Advisory Number 13 NWS National Hurricane Center Miami FL AL042019 1100 PM AST Fri Aug 23 2019 …Chantal BECOMES A REMNANT LOW… …THIS IS THE LAST ADVISORY… SUMMARY OF 1100 PM AST…0300 UTC…INFORMATION ———————————————– LOCATION…35.6N 40.9W ABOUT 785 MI…1265 KM W OF THE Azores MAXIMUM SUSTAINED WINDS…30 MPH…45 KM/H PRESENT MOVEMENT…S OR [Read more]

Source: BOE Report

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Mexico’s Pemex sets September Maya price for international buyers

Mexican state-owned oil company Pemex revised its September term pricing formulas for crude oil shipped to its international customers, the company said on Friday. The following table lists the adjustments to price constants in the Americas, Europe, India, the Middle East and Far East: DESTINATION AUG CONSTANT SEPT CONSTANT —————- —————- ————— U.S. Gulf Coast, [Read more]

Source: BOE Report

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Renaissance Reports Second Quarter Results

VANCOUVER, Aug. 23, 2019 /CNW/ – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V:ROE / OTCQB: RNSFF) reports its second quarter 2019 results. All dollar figures are Canadian dollars, unless otherwise noted. HIGHLIGHTS FOR THE SECOND QUARTER 2019 Revenue and operating netback in the second quarter of 2019 were $5.0 million and $0.8 million respectively, with production [Read more]

Source: BOE Report

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Mexico Says No New Oil Contracts For Non-Producers

Oil and gas companies hoping to get a piece of the action in Mexico’s oil industry will have to make good on existing contracts first, Mexico’s president Andres Manuel Lopez Obrador said on Friday, according to Reuters. Populist left-wing Obrador said on Friday there would be no new contracts for companies who are not investing and producing their other contracts ...

Source: Oilprice.com

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Canada weekly rig count down 3 to 139

Western Canada’s fleet of drilling rigs went down by 3 to 139 according to data collected by Baker Hughes for the week of August 23rd. Alberta lost 1, moving to 94, while Saskatchewan dropped by 1 to 32. Oil rigs went from 101 to 95, natural gas drilling increased from 41 from 44. View a [Read more]

Source: BOE Report

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U.S. stocks weekly: Trade trumps Powell

** S&P 500 slides 1.4%. End of week swings driven by additional tariffs from China , Fed Chairman Powell's Jackson Hole speech and President Trump's tweets on trade shake out with the SPX down for a fourth straight week ** Indeed, it's been about two weeks and a cloud of dust , but Nasdaq troops [Read more]

Source: BOE Report

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Libya’s State Oil Corporation Seeks 67% Pay Rise In Energy Sector

Libya’s National Oil Corporation (NOC) reiterated on Friday its demand for a 67-percent pay increase for the workers in the oil and gas sector, the state oil firm said on Friday, after a meeting with Fayez al-Serraj, the head of the internationally recognized government in Tripoli. NOC’s chairman Mustafa Sanalla has discussed the issue of the pay rise with al-Sarraj ...

Source: Oilprice.com

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Oil Plunges On Trade War Escalation

A special investment opportunity has just come across our desk…And we wanted to give you a first look at this exciting new industry. It’s so big that even billionaires like Jeff Bezos and Richard Branson are dedicating a significant chunk of their fortunes to this emerging sector.  This will be bigger than anything we’ve ever seen. Forget the tech ...

Source: Oilprice.com

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New Trade War Escalation Sends Shockwaves Through Oil Markets

U.S. West Texas Intermediate crude oil futures erased all of its early gains and are now in a position to finish the week lower amid an escalation of the trade war between the United States and China, and uncertainty over Federal Reserve policy. After trading sideways-to-higher most of the week, prices were flat early Friday as traders prepared for ...

Source: Oilprice.com

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Is U.S. Shale Finally Cash Flow Positive?

Friday, August 23, 2019 1. Shale ekes out slight positive cash flow - The U.S. shale industry may have posted a very slight positive cash flow figure for the second quarter, depending on the companies included in the analysis. The swing into positive territory puts the industry into a novel position, after years of hefty red ink. - According ...

Source: Oilprice.com

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The Billion Dollar Oil Hedge That May Never Happen

Remember August 1st? That’s when Trump announced new tariffs on China and oil took its biggest plunge in four years… and now the final week in August is gearing up to be even worse than that. Oil prices fell sharply at the end of the week after China announced on Friday that it will levy tariffs on US crude oil ...

Source: Oilprice.com