Frank Tang

New Jersey

Senior Editor at Oil Price Information Service (OPIS)

senior editor @OPIS @IHSMarkit. Covering all things petroleum: crude, products, midstream, retail. Fluent in Mandarin. Reuters alum. Dad, husband, 🏒, 🚴‍♂️.

Articles

Breaking | China appoints new trade representative as US trade war heats up

1 week ago | scmp.com | Frank Tang

Li Chenggang will replace Wang Shouwen as China’s top international trade negotiator, according to a government statementPublished: 11:38am, 16 Apr 2025China appointed a new international trade representative on Wednesday amid an unprecedented trade war with the United States. Li Chenggang was appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the world’s two largest economies, according to a government statement. More to follow...
China appoints new trade representative as US tariff war heats up

1 week ago | msn.com | Frank Tang

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Nymex Overview: WTI Hits Four-Year Low as Trade War, Demand Fears MountOPIS

2 weeks ago | tradingview.com | Frank Tang |Michael Kelly

The West Texas Intermediate crude contract fell more than $2 by midday Wednesday, as intensifying fears of a global trade war and lower petroleum demand expectations sent the U.S. oil benchmark to its lowest level in more than four years. At noon ET, May WTI fell $2.30 to $57.30/bbl, on track for a fifth session of sharp declines and to settle at its lowest since Feb. 5, 2021. June WTI was about $2.25 lower at $56.85/bbl. WTI has lost around $14, or 20%, since its April 2 settlement of $71.71/bbl.
Chevron to Cut 600 Jobs in California, 700 in Houston by End of This YearOPIS

2 weeks ago | tradingview.com | Frank Tang |Michael Kelly

Chevron to Cut 600 Jobs in California, 700 in Houston by End of This YearOPISCVXChevron expects to slash about 600 jobs in San Ramon, Calif., and around 700 in downtown Houston by the end of this year as part of its plans to restructure the company and cut costs, a spokeswoman said on Friday. In an email statement, the spokeswoman said the layoffs are part of Chevron's plan to simplify its operating model and position the Houston-based integrated energy company for long-term competitiveness.
Nymex Overview: Petroleum Futures Swoon on OPEC+ Supply Hikes, Tariff FearsOPIS

3 weeks ago | tradingview.com | Frank Tang |Michael Kelly

Nymex Overview: Petroleum Futures Swoon on OPEC+ Supply Hikes, Tariff FearsOPISCrude oil prices were down more than $5 and product futures were sharply lower by midday Thursday, hit by a decision by OPEC and its allies to increase supply in May and energy demand fears a day after President Trump announced sweeping new tariffs. At 11:40 a.m. ET, May West Texas Intermediate crude futures were down $5.25 at $66.45/bbl and June WTI was about $5.15 lower at $66.05/bbl.
Nymex Overview: Oil Futures Up Modestly on Continuing U.S. Tariff Worries - OPIS

4 weeks ago | tradingview.com | Frank Tang |Jeff Barber

Nymex Overview: Oil Futures Up Modestly on Continuing U.S. Tariff Worries — OPISCrude oil futures were modestly higher late Thursday morning as traders wait to see whether the Trump administration will impose tariffs on Canadian crude and refined products imports next week. The Nymex May West Texas Intermediate contract was up by 15cts to $69.80 at about 11:45 a.m. ET and the June WTI contract was 10cts higher at $69.35/bbl.
‘Hope on the Stage’: China, South Korea move closer amid Trump tariffs

1 month ago | scmp.com | Frank Tang

When Vivian Wu, a university student from Shanghai, planned a trip to Seoul to attend a concert in BTS band member J-Hope’s Hope on the Stage tour in early March, many of her family and friends urged her to reconsider. It was only two months after the deadly Jeju Air plane crash and street protests were still taking place across the South Korean capital following the impeachment of President Yoon Suk-yeol. But Wu insisted on going – and she was not alone.
Motiva Begins Planned Startup of FCC, Alkylation Units at Texas Refinery

1 month ago | morningstar.com | Frank Tang |Michael Kelly

Motiva Enterprises has begun a planned startup of its fluid catalytic cracking and alkylation units at its 659,700 b/d Port Arthur refinery, according to a filing with the Texas Commission on Environmental Quality. The planned unit startup began Thursday and is expected to last for 11 days through the remainder of March, the filing showed. On Saturday, the company told TCEQ that an unspecified process unit upset resulted in flaring at the facility's lube hydrocracker.
USGC Finds Undiscovered Oil, Natural Gas Resources in Four Western States - OPIS

1 month ago | tradingview.com | Frank Tang |Jeff Barber

USGC Finds Undiscovered Oil, Natural Gas Resources in Four Western States — OPISThe U.S. Geological Survey on Thursday said it had identified previously undiscovered oil and natural gas deposits in Wyoming, Montana, South Dakota and Nebraska. The agency put the technically recoverable resources at 47 million bbl of oil and 876 Bcf of natural gas in Wyoming, parts of southern Montana and western South Dakota and Nebraska.
ExxonMobil Reports Hydrogen Sulfide Leak at its Beaumont, Texas, Refinery - OPIS

1 month ago | morningstar.com | Frank Tang |Jeff Barber

ExxonMobil reported a release of hydrogen sulfide gas Friday at its 634,400 b/d Beaumont, Texas, refinery, according to a company filing with the Texas Commission on Environmental Quality on Monday. The company said teams are working to repair the pipe leak and no impacts to the community were reported. ExxonMobil added that the incident is not expected to affect its contractual commitments. OPIS could not reach a company spokesman for additional information by the time of publication.