Dupré’s Bob Verret named CIO of the Year

LAFAYETTE, LOUISIANA – Dupré Logistics, a leading capacity-solutions provider, is pleased to announce that Bob Verret has been named CIO of the Year by Global Supply Chain Leaders. Verret was awarded at the Global Supply Chain Leaders – Making a Difference event held in Houston May 2, 2018. During the event, Verret, CIO at Dupré...

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IPAA Leaders in Industry Luncheon June 13, 2018

Leaders in Industry Luncheon June 13, 2018 Petroleum Club of Houston Houston, TX GUEST SPEAKER Sam Oh Founder, President & Chief Investment Officer Mountain Capital Management, LLC Mr. Oh was formerly a Senior Partner and one of the original founding members of Apollo Management’s Private Equity Natural Resources Group. While at Apollo, Mr. Oh was...

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Top-Rated Gas Station Restrooms in Every State

BOSTON – With peak summer driving season approaching and millions of Americans hitting the road, GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop, today reveals which gas station brands have the highest-rated restrooms eliminating the stress and panic that often ensues when nature calls. Oklahoma-based QuikTrip flushed the competition for a second year...

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Gasoline Price Rises As Supplies Drop

Rising gasoline prices have been a big news story this past week increasing to a nationwide average of $2.87 per gallon. The U.S. average diesel fuel price increased to $3.24 per gallon. West Coast tops the nation at $3.73, and Gulf Coast has the lowest at $2.61, according to the Energy Information Administration (EIA). Gasoline,...

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IEA ‘Ready To Act’ To Keep Oil Markets Well Supplied

The International Energy Agency (IEA) is ready to act if “necessary to ensure that markets remain well supplied,” the IEA’s Director for Energy Markets and Security, Keisuke Sadamori, told S&P Global Platts on Friday. The agency is talking to both oil producers and oil consumers as crude prices recently reached their highest level since November 2014 on the back of ...

Source: Oilprice.com

How An “Oil Price Shock” Will Hurt The U.S. Economy

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs - largely the result of geopolitical risk emanating from Iran for which Trump was been responsible - will wipe out any remaining benefits for the middle class from Trump tax reform. ...

Source: Oilprice.com

The Double-Edged Sword Of High Oil Prices

Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more sinister scenario. On the supply side, the combined efforts of OPEC and Russia, leaky as the agreement has been, have managed to reduce the global oil surplus in just 18 ...

Source: Oilprice.com

Abu Dhabi To Auction Oil And Gas Exploration Concessions

On April 10 the Abu Dhabi National Oil Company (ADNOC) unveiled detailed plans for its first competitive exploration and production bid round. In total, the six blocks – four of which are onshore – cover an area of almost 30,000 sq km, the largest being 6300 sq km and the smallest 2500 sq km. The launch of competitive bidding for ...

Source: Oilprice.com

Is The U.S. Ethanol Industry Under Siege?

Following the 2016 presidential election, I explained Why The Ethanol Industry Should Fear President Trump. Since that time, the ethanol industry has indeed been on the defensive. In fact, I recently characterized the industry as being under siege. At issue is a requirement that ethanol is blended into the gasoline supply. The requirement has been in place since the Energy ...

Source: Oilprice.com

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big Oil ahead of several upcoming annual general meetings. In an open letter to the Financial Times, 60 large institutional investors are calling upon oil and gas companies to do ...

Source: Oilprice.com

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big Oil ahead of several upcoming annual general meetings. In an open letter to the Financial Times, 60 large institutional investors are calling upon oil and gas companies to do ...

Source: Oilprice.com

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big Oil ahead of several upcoming annual general meetings. In an open letter to the Financial Times, 60 large institutional investors are calling upon oil and gas companies to do ...

Source: Oilprice.com

Investors With $10.4 Trillion Assets Urge Big Oil To Tackle Climate Change

Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big Oil ahead of several upcoming annual general meetings. In an open letter to the Financial Times, 60 large institutional investors are calling upon oil and gas companies to do ...

Source: Oilprice.com

B.C. Businesses, First Nations Side With Alberta On Trans Mountain

A delegation including almost a hundred businesses from British Columbia as well as labor union and Aboriginal community leaders are visiting Edmonton to demonstrate their support for the expansion of the Trans Mountain crude oil pipeline, which the British Columbia government is fiercely opposing. The B.C. delegates are worried that after last month Kinder Morgan suspended all non-essential work ...

Source: Oilprice.com

B.C. Businesses, First Nations Side With Alberta On Trans Mountain

A delegation including almost a hundred businesses from British Columbia as well as labor union and Aboriginal community leaders are visiting Edmonton to demonstrate their support for the expansion of the Trans Mountain crude oil pipeline, which the British Columbia government is fiercely opposing. The B.C. delegates are worried that after last month Kinder Morgan suspended all non-essential work ...

Source: Oilprice.com

B.C. Businesses, First Nations Side With Alberta On Trans Mountain

A delegation including almost a hundred businesses from British Columbia as well as labor union and Aboriginal community leaders are visiting Edmonton to demonstrate their support for the expansion of the Trans Mountain crude oil pipeline, which the British Columbia government is fiercely opposing. The B.C. delegates are worried that after last month Kinder Morgan suspended all non-essential work ...

Source: Oilprice.com

Global Energy Advisory May 18th 2018

Asian economies are facing higher inflationary pressure as their crude oil import bill expands in line with benchmark prices. Although some analysts have argued that even oil at $100 a barrel won’t affect global demand in any negative way, a tab of $1 trillion for total Asian crude imports with Brent at $80 might do just that. Soaring demand in ...

Source: Oilprice.com