Oil Steadies On US Stockpile Forecasts, Venezuela Worries
Posted on Monday July 16, 2018

Crude oil futures steadied as the focus turned to falling inventories in the US and further output constraints in Venezuela and Libya.

ICE to Launch Permian WTI Crude Oil Futures Contract
Posted on Monday July 16, 2018

The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston.

Offshore Texas Oil Terminal Could Load Asia-, Europe-bound VLCCs
Posted on Monday July 16, 2018

One VLCC can hold the equivalent of nearly one-fifth of daily US oil production.

Russian Gas Exports Hit a New Summertime Record
Posted on Monday July 16, 2018

Russia's natural gas flows to the European Union rise to a record for the time of year.

Carbon Holdings One Step Closer to Finalize Financing for $10.9B Plant
Posted on Monday July 16, 2018

Carbon Holdings hopes to finalize financing for its $10.9 billion petrochemical plant by the end of the year.

Permian Pipeline Builder to Challenge US Steel Tariff Exemption Rejection
Posted on Monday July 16, 2018

Plains All American Pipeline LP's request for an exemption from steel-import tariffs was rejected by the US government.

IHS Markit Sees Canadian Oil Sands Growth Moderating After 2019
Posted on Monday July 16, 2018

Canadian oil sands production will rise more than half a million barrels per day in 2019.

BSEE's Angelle: SafeOCS Participation Up Dramatically
Posted on Monday July 16, 2018

BSEE releases 2017 stats for SafeOCS data sharing program.

Electricity Investments Surpass Oil, Gas for Second Year Running - IEA
Posted on Monday July 16, 2018

Global electricity investments exceeded those in oil and gas for the second year running in 2017, the International Energy Agency says.

Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B
Posted on Monday July 16, 2018

Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.

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.