Daily Oil & Gas and Wall Street Journal News
6/24/18 OPEC+ Gives Final Sign Off to Oil-Supply Boost Posted on Friday June 22, 2018
OPEC and its allies gave the final sign-off to an oil-production increase, sealing a victory for Saudi Arabia and Russia.
Oil Jumps As OPEC Agrees To Modest Output Hikes Posted on Thursday June 21, 2018
Oil prices soared after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand.
Tankers Can Now Tank Up at Houston NGL Terminal Posted on Thursday June 21, 2018
Fueling capabilities eliminate extra stop for deep-draft vessels, says Enterprise CEO.
Mongolia Launches Construction Of First Oil Refinery With Indian Aid Posted on Thursday June 21, 2018
Mongolia launches construction of its first oil refinery, a long-awaited project that is funded by India and designed to end the country's dependence on Russian fuel.
Govt Source: ADNOC To Sign Deal On Monday For Stake In Indian Refinery Posted on Thursday June 21, 2018
ADNOC will sign an agreement with Saudi Aramco and Indian companies for an up to 25 percent stake in a planned $44 billion refinery.
Document: Curacao Refinery Seeks Temporary Operator To Replace PDVSA Posted on Thursday June 21, 2018
The government-owned Isla refinery in Curacao is seeking a company to immediately replace Venezuela's state-run PDVSA as operator.
Sources: EPA To Propose 19.88B Gallon Biofuels Mandate, Up 3% Posted on Thursday June 21, 2018
The US EPA will propose setting a 19.88-billion-gallon biofuels blending mandate in 2019 under the Renewable Fuel Standard (RFS).
OPEC Insights: Experts Concerned About Supply Gaps, Emerging Markets Posted on Thursday June 21, 2018
Industry experts at the 174th OPEC Conference weigh in on the fate of world trade, emerging markets and a potential supply gap.
Big Oil Eyes US Minority Groups To Build Offshore Drilling Support Posted on Thursday June 21, 2018
API is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling.
Baker Hughes: US Oil Drillers Cut Rigs For First Time In 12 Weeks Posted on Thursday June 21, 2018
US energy companies this week cut one oil rig, the first reduction in 12 weeks.
Wall Street Journal
WSJ.com: Commercial Real Estate
Sportswear-Maker Puma to Open New York Flagship Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America. Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser. Sign of the Times: New Office Space Created in Retail's Tumult Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain. Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago. New York's Commercial Property Slump Shows Signs of Slowing After a two-year plunge, brokers are optimistic that more deals will take place in 2018. NYC Council Stops Midtown Tower Construction Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,. Malls Never Wanted Gyms. Now They Court Them Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.