US President Donald Trump announced that he would impose a 5-25% tariff on all Mexican goods. There are ways to avoid the tariff on imports of Mexican crude oil, but at this point it is unclear whether those will succeed, according to an analysis from Energy Security Analysis Inc. If not, ESAI says, some refiners […]
MARKET WATCH: NYMEX prices fall amid tariff woes
Front-month prices for light, sweet oil for July and August delivery fell more than $3 to settle below $54/bbl on the New York market May 31 while Brent prices for the August delivery contract also dropped more than $3 to below $62/bbl amid additional tariff concerns. Source: News
Second Total solar plant in Japan starts
Total SA has started commercial operation of its second solar power plant in Japan, a 25-Mw unit at Miyako on Honshu Island. Source: News
Contract let for B-80 field off Mumbai
Hindustan Oil Exploration Co. has let a contract to Expro for a production-handling facility and all topside processing equipment on a mobile offshore production unit on B-80 oil and gas field in the Mumbai basin. The 7-year contract covers construction, maintenance, and operation. Equipment delivery is due in 8 months. Source: News