Pacific National Capital 's Daily Oil & Gas News

Trump Imposes Sanctions on Iran's Supreme Leader
President Donald Trump imposed sanctions on Iran's supreme leader, Ayatollah Ali Khamenei, and eight senior military commanders, a provocative step designed to increase pressure on the Islamic Republic.

Refinery Fire Brings High Summer Gas Prices
A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set to head off on vacation.

How Is the US-China Trade War Affecting Oil?
How exactly is the trade war between the United States and China affecting the global oil industry?

Chevron Phillips, Qatar Petroleum to Build Ethane Cracker
The Ras Laffan Industrial City complex will comprise an ethane cracker and two high-density polyethylene units.

Total to Lay Off 200 Workers in Denmark
French oil major Total will cut 200 jobs as it restructures its Danish North Sea operations.

Trump Questions US Defense of Oil Shipping Routes
President Donald Trump questioned U.S. protections of oil-shipping routes in the Strait of Hormuz.

NNPC Gets New Group Managing Director
Mallam Mele Kolo Kyari has been appointed as the new group managing director of the Nigerian National Petroleum Corporation.

Oil Price Risks Skewed to Downside
Oil price risks remain skewed to the downside but increasing tension in the Middle East could change that outlook quickly, according to Jefferies.

Oil Jumps as Gulf Tension Worsens
Crude kept rising following its biggest weekly gain since late 2016 after President Donald Trump said he would impose 'major additional sanctions' on Iran.

Light Crude Up More Than 9 Percent for Week
Both major crude oil contracts have posted healthy week-on-week gains.

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