July 13, 2016

From Reuters: July 13 China’s June oil imports fell to the lowest on a daily basis since February but robust buying by independent “teapot” refiners and stockpiling boosted imports over the first half the year by 14.2 percent from the same period a year ago. China imported 30.62 million tonnes of crude oil in June, or about 7.45 million barrels

From CBC: Instability in global energy markets has caused the international partners in a proposed liquefied natural gas project in Kitimat, B.C., to delay their final decision on the venture indefinitely. LNG Canada CEO Andy Calitz said in a conference call Monday that a drop in natural gas prices around the world, particularly in Asia, has made the project too

From Bloomberg: Exxon Mobil Corp. made an indicative takeover proposal for InterOil Corp. that topped a competing $2.2 billion bid for the owner of trillions of cubic feet of natural gas discoveries in Papua New Guinea, a person with knowledge of the matter said. Exxon is still conducting due diligence and hasn’t yet submitted a formal offer, the person said, asking