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LNG, integrated market are keys to Euopean security of supply: US official
LNG and a "truly integrated energy market in Europe" are keys to providing security of supply in Europe, a US government official said Monday in a phone briefing....Read More »
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China's October crude imports from Iran surge 36% on year to 340,027 b/d
China's crude imports from its major suppliers, including Iran, rose
significantly in October versus a year ago, save for top exporters Saudi
Arabia and Angola, detailed data from the General Administration of Customs
showed Saturday, November 22.
Crude futures settle higher on China rate cut, OPEC scrutiny
The ICE January Brent futures contract settled $1.03 higher at $80.36/b
Friday after a surprise interest rate cut by the Chinese central bank lifted
hopes the world's second largest economy could grow faster.
WEEKLY WRAP: Stronger WTI Midland differential lifts Light Houston Sweet
The Light Houston Sweet differential strengthened week on week due to
West Texas Intermediate in Midland, Texas, being supported by higher demand
with Plains All-American Pipeline's Sunrise crude pipeline set to startup in
December, sources said.
LHS was assessed Thursday at $2.65 below the Light Louisiana Sweet
differential at WTI plus $1/b or $76.53/b.