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Daily Oil & Gas and Wall Street Journal News
5/22/19

Oil Prices Down More Than $1
Posted on Tuesday May 21, 2019

Both the WTI and Brent contract prices fell by more than $1 Wednesday.

Icahn-Backed CVR Energy Considers Selling
Posted on Tuesday May 21, 2019

The refiner also inked a deal to sell its 1.5 million-barrel storage terminal and related assets in north-central Oklahoma for $36 million.

Pioneer Cuts Hundreds of Workers in Texas
Posted on Tuesday May 21, 2019

The Permian pure-play company has reportedly cut 25 percent of its workforce as it continues to cut costs.

Louisiana Project's Price Tag Rises Again
Posted on Tuesday May 21, 2019

Sasol has raised the projected capital cost of its Lake Charles Chemical Project again.

Aramco Taps into US Shale Gas Boom
Posted on Tuesday May 21, 2019

Saudi Aramco agrees to a buy a stake in Sempra Energy's Texas LNG export terminal.

Top 2019 US Oil Stock Has No Permian Stake
Posted on Tuesday May 21, 2019

This year's top-performing U.S. oil producer doesn't have any operations in the world's fastest-growing shale play.

Gazprom Makes 17Tcf Gas Discovery
Posted on Tuesday May 21, 2019

Gazprom discovers two new fields containing over 17 trillion cubic feet of gas on the Yamal shelf.

Offshore Oilfield Service Growth Likely to Halve
Posted on Tuesday May 21, 2019

The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy.

Oil Heads for Biggest Drop in 2 Weeks
Posted on Tuesday May 21, 2019

Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC+ extending output curbs.

Crude Oil Futures Mixed Again
Posted on Monday May 20, 2019

For the second straight trading day, WTI and Brent price movements were mixed.

Wall Street Journal
Commercial News

5/22/19

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.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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