U.S. Does Not Renew Sanctions Waivers

As largely predicted, on April 22, 2019, the United States announced that it would end sanctions waivers to those countries previously granted waivers to purchase Iranian crude. Already, U.S. sanctions have had an impact on Iranian oil exports. However, eight countries had been granted exemptions and allowed to continue importing Iranian crude. The...
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Will a Wave of Consolidation Hit the Shell Patch?

In our Five Minute Fridays series, we discussed the Chevron offer for Anadarko. At the time (link: https://www.youtube.com/watch?v=SFyUzEZiZHE). At the time, the details of their merger were pretty clear: Chevron plans to acquire Anadarko Petroleum in a cash and stock deal the company valued at $33 billion.The transaction values Anadarko at $65 per...
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Where Does U.S. Crude Oil Go?

The United States is set to become a net energy exporter in the near future. But where will that crude go? ​ Ty Chapman - PresidentFive Star Metals, Inc. Raising the Bar for Customer Service and Quality Connect on Twitter Follow us on Facebook Subscribe YouTube

Five Minute Fridays: 04-12-19

Five Minute Fridays by Five Star Metals, Inc. provides you a summary of U.S. Economic and World Economic events and data that effect oil and demand for oilfield services. It is designed to give those in the energy business or oilfield services area a bare bones summary of the information they need to make better business decisions and stay informed...
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Five Minute Fridays: News Impacting World Oil Markets

In Five Star Metals' first ever Five Minute Friday, we look at all the news impacting the U.S. and World economies. We focus on news relevant to the oilfield and oilfield services industry. This weekly summary tells you everything you need to know about what happened in oil markets this week including inventory changes, rig counts, economic data, a...
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