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6/24/2020  Morgan Stanley: This Oil Rally Won’t Last

Oil prices have likely risen too fast too soon with the market focusing on supply cuts, while global oil demand may not return to pre-COVID-19 levels before the end of 2021, according to Morgan Stanley.

6/4/2020  U.S. States Just Lost Pipeline Veto Rights And That’s A Big Deal For Oil

U.S. States Just Lost Pipeline Veto Rights And That’s A Big Deal For Oil

5/4/2020  The Lockdown Loosens and More Trade Issues Emerge

As the Coronavirus lockdown enters its third month, some states are starting to reopen their economies. As of this writing, 23 states were partially reopening as May 1. Every state is different, of course, and no state has reopened all businesses.

4/12/2020  Oil Price War Ends With Historic OPEC+ Deal to Slash Output

Oil Price War Ends With Historic OPEC+ Deal to Slash Output

1/7/2020  XTO, Outrigger agree to Bakken midstream deal

XTO, Outrigger agree to Bakken midstream deal

10/8/2019  2019 U.S. Natural Gas Pipeline Report: Northeast Access Continues to Drive New Pipeline Development

2019 U.S. Natural Gas Pipeline Report: Northeast Access Continues to Drive New Pipeline Development

8/21/2019  New Permian Pipelines May be Hurting U.S. Crude Exports

Two long-awaited pipelines out of the busiest U.S. shale patch started shipping oil to Gulf Coast export hubs last week - just as U.S. crude barrels suddenly do not look all that attractive to buyers around the world.

8/1/2019  LNG Market Analysis for June

LNG Market Analysis for June

7/26/2019  Senate Panel to Vote Next Week on Sanctions for Nord Stream 2

Senate Panel to Vote Next Week on Sanctions for Nord Stream 2


The U.S. energy revolution continues to surge ahead – but you might not know it from some recent headlines:


Check this out to see the results from the 39th annual Omega & Sligo Steel Invitational Golf Tournament

4/12/2019  Chevron to Acquire Anadarko Petroleum for $33 Billion

Chevron to Acquire Anadarko Petroleum for $33 Billion

3/25/2019  International steel co. Tenaris inks $1.2B deal for TMK's U.S. subsidiary

International steel co. Tenaris inks $1.2B deal for TMK's U.S. subsidiary

3/22/2019  Pipe manufacturer planning $22M Louisiana plant expansion

Pipe manufacturer planning $22M Louisiana plant expansion

3/1/2019  Texas Oil Production Is High, So Why Are Gas Prices On The Rise, Too?

The oil pumped out of the West Texas ground doesn’t end up in your gas tank.

2/26/2019  U.S. opens anti-dumping probe into steel imports from China, Canada, Mexico

The U.S. Commerce Department announced Tuesday it will open a new anti-dumping probe to determine whether fabricated structural steel from Canada, China and Mexico is being sold at below fair value.



12/20/2018  $10-billion clean air drive set to boost Indian pipe makers Read more at: //economictimes.indiatimes.com/articleshow/66212180.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Steel pipe makers are set to become beneficiaries of India’s $10 billion push to expand its natural gas network to more of its urban masses and cut pollution.

12/14/2018  China to Suspend Punitive Tariffs on U.S. Cars and Auto Parts for Three Months

Trump, Xi agreed to 90-day tariff truce to ease trade negotiations

12/7/2018  OPEC Agrees on Larger-Than-Expected Cut After Marathon Talks

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.

11/13/2018  Once a ‘Dog,’ Refining Becomes Driver of Oil Profits

Hard-to-reach crude in Canada and Texas boosts companies that can turn it into fuel

11/5/2018  How Trade War Fears And Iran Sanctions Are Affecting The Global Oil Market

More oil came onto the market than expected in October, causing prices to drop by about 15 percent.

10/26/2018  How AI Is Changing Sales

Companies are using AI in all kinds of innovative ways to advance their businesses.

10/22/2018  ArcelorMittal entry set to heat up India’s steel industry

With ArcelorMittal’s Essar Steel acquisition now in the books, enabling Lakshmi Mittal to enter India in a big way, private steel makers led by Tata Steel and JSW Steel may now have to focus on increasing efficiency and cutting costs

9/25/2018  India Is Cutting Imports of Iranian Oil to Zero in November

India isn’t planning to buy any Iranian oil in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit and spurring speculation over whether China will follow suit.

9/5/2018  Saudi Arabia aims to keep crude in $70 to $80 band: sources

Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said.

8/15/2018  Diamondback strikes $8.4 billion deal in Permian Basin as consolidation play gains momentum

Diamondback Energy Inc. agreed to buy Energen Corp. in an $8.4 billion all-stock deal, the latest in more than $20 billion in acquisitions over the last month in the booming U.S. shale industry.

8/13/2018  After $80 Billion Blowouts, Mega Oil and Gas Projects Are Back

Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude.

8/9/2018  U.S. Oil Vanishing From Chinese Tariffs Reveals America's Clout

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market.

7/26/2018  Trump's celebrates U.S. steel renaissance during first Illinois visit

President Donald Trump celebrated the return of the U.S. steel industry during a speech Thursday inside a reopened Illinois steel plant.

7/2/2018  Oil Prices Soar on OPEC Pact, Geopolitical Tensions

Crude prices rose sharply in the second quarter as geopolitics weighed on supply, helping to drain bulging inventories and promising continued strength in the months to come

6/27/2018  JSW Steel invests $1 billion in US plants, hints at more

Decision to triple output at its Texas plant and acquisition of another facility in Ohio has taken the total planned investment in the US to $1 billion

6/8/2018  U.S. Steel to restart second furnace in Granite City, hire 300 employees

U.S. Steel to restart second furnace in Granite City, hire 300 employees

6/1/2018  US imposes 25% steel, 10% aluminum tariffs on Canada, Mexico, EU starting June 1

US imposes 25% steel, 10% aluminum tariffs on Canada, Mexico, EU starting June 1


API today released a new study highlighting the natural gas and oil industry’s leadership in making our air cleaner through increased investments in renewables and other low-carbon technologies.

5/8/2018  The Bhushan companies' case: Double whammy for Tata Steel

While it is protesting the late entry of Liberty House in the auction of Bhushan Power & Steel, Tata Steel is facing labour trouble in the case of Bhushan Steel

4/30/2018  Trump delays steel and aluminum tariffs for Canada, Mexico and European Union, pulling back on major trade threat

Trump delays steel and aluminum tariffs for Canada, Mexico and European Union, pulling back on major trade threat

4/23/2018  Oil Prices Up to Three-Year Highs

Tightening supplies and escalating geopolitical risks help market climb back from earlier losses

4/10/2018  Saudi Arabia Secretly Targeting $80 Oil

Saudi Arabia is likely targeting oil prices at $80 a barrel to boost the valuation of its oil giant Aramco ahead of its much-hyped IPO and to help finance increasingly ambitious domestic policy plans

4/8/2018  Saudis See Chemical, Oil-Refining Bonanza Along U.S. Gulf Coast

Saudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast and potentially double the size of North America’s biggest oil refinery.

4/3/2018  Omega Steel Company Welcomes New Manager of International Sales Guillermo Moll!

Omega Steel Company Welcomes New Manager of International Sales Guillermo Moll!

3/28/2018  Oil Posts for Longest Slide in a Month as U.S. Supplies Expand

Stockpiles added 1.64 million barrels last week: EIA data WTI futures fell 1.3 percent, declining for a third day

3/27/2018  Canada to target smuggling of steel intended to dodge U.S. tariffs

Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new U.S. tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday.

3/23/2018  EU still needs trade safeguard measures despite Section 232 reprieve, Eurofer says

The European steel association Eurofer is calling for quota-based safeguard trade measures even though the EU has been temporary exempted from Section 232 import tariffs in the United States.

3/8/2018  Mexico Slaps Tariffs on Chinese Steel Pipe for 'Unfair' Pricing

Mexico's economy ministry said on Thursday it formally imposed anti-dumping duties on imports of carbon steel pipe from China after completing an investigation into "unfair" trade practices.

3/2/2018  Tariffs Update: Latest News as the World Reacts

After President Donald Trump said the U.S. plans to impose 25 percent tariffs on steel imports and 10 percent on aluminum, the shock waves are being felt around the world.

1/17/2018  API President to Step Down in August

12/22/2017  Tenaris opens seamless pipe mill in Texas

Tenaris opens seamless pipe mill in Texas

10/26/2017  Saudi Crown Prince Backs Extending OPEC Cuts Into 2018

Saudi Crown Prince Backs Extending OPEC Cuts Into 2018

8/14/2017  U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output

U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output

6/15/2017  When investigations collide: Steel 232 and the Russia probe

It’s likely that the U.S. Commerce Department will soon issue its findings from the Section 232 steel investigation.

5/15/2017  U.S. shale oil boom is actually ‘OPEC’s friend,’ says Goldman’s Currie

U.S. shale oil producers have largely been portrayed as the nemesis of the Organization of the Petroleum Exporting Countries, but the cartel should actually be welcoming the ramp-up in production stateside, according to Goldman Sachs’s top commodities analyst.

4/21/2017  Trump Moves on Steel Under Section 232

On April 20, 2017, President Trump issued a memorandum announcing that the Secretary of Commerce had initiated an investigation to determine the effects of imported steel on national security.

1/1/2017  How Frackers Beat OPEC

The surprising ingenuity of the U.S. shale-oil industry—and its global consequences

11/30/2016   OPEC Confounds Skeptics, Agrees to First Oil Cuts in 8 Years

OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years.

11/17/2016  Largest Reserves of Untapped Oil Ever Discovered Found in Texas

Estimated 20 billion barrels of oil and another 1.6 billion barrels in the Permian Basin ready to be coaxed from the earth valued at $900B.



10/13/2016  Oil Slides After API Reports Biggest Crude Inventory Build In Six Months

Oil Slides After API Reports Biggest Crude Inventory Build In Six Months

10/10/2016  U.S. Shale Oil Output Seen Surging If Crude Reaches $60 a Barrel

Crude at $60 a barrel would probably trigger a strong increase in North American oil output

9/25/2016  Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical

Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical

9/6/2016  G20 Nations Pledge to Address Excess Steel Capacity

Leaders at the G-20 summit in China have agreed to create a group that will promote discussion and cooperation amongst nations on the world’s excess steelmaking capacity.

7/6/2016  Cold-Roll Imports from China, Japan Face Duties

Unfairly priced and subsidized imports of cold-rolled steel from China and Japan have injured the domestic industry and should be subject to duties, ruled the International Trade Commission in a unanimous vote June 22.

6/15/2016  Why Billions in Proven Shale Oil Reserves Suddenly Became Unproven

U.S. companies erased more than 20 percent of inventories Regulator examined estimates as wells lingered on books

6/14/2016  Omega and Sligo Madison Facility Heat Hours

Heat Hours are will be in effect Tuesday June 15th and Thursday June 16th.

6/8/2016  World Starts to Turn From Coal as Cheap Oil Gains Market Share

Coal consumption declines by most in half a century, BP says Oil’s share of market rises to 16-year high as fuel costs fall

6/2/2016  OPEC Keeps Status Quo After Failing to Agree on Output Cap

Oil extends slide as members decide against production ceiling

5/9/2016  Bacteria more effective on oil spills without dispersants, study finds

Heriot-Watt University claims to have cracked the genetic code of the marine bacteria that helped “eat” the oil spilled from the Deepwater Horizon.

5/3/2016  Trump and Obama Agree: Chinese Steel Is a Problem

The Obama administration and Trump appear to have found common ground on proposed Chinese trade restrictions.

5/2/2016  Halliburton, Baker Hughes Calls Off $28 Billion Deal

Halliburton Co. and Baker Hughes Inc. called off their $28 billion merger, which has met stiff antitrust resistance from regulators in the U.S. and Europe.

4/29/2016  Lost in the Seat Cushions, There’s $100 Million in Spare Change

Cash found in salvage yards, often in China, is redeemed with the U.S. Mint; 6,000 one-pound coins

4/12/2016  World's Top Traders Say the Worst Is Over for Oil

Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.

3/28/2016  Why Russian Oil Production is on the Verge of Decline

Why Russian Oil Production is on the Verge of Decline

3/23/2016  Why the oil glut won't derail the Bakken pipeline

3/8/2016  Vale, Fortescue Game-Changing Deal to Shake Up Big Iron Ore

A pact between two of the world’s largest iron ore producers promises to intensify competition among the sector’s top four players, just as Chinese demand is forecast to falter after the nation’s production of steel peaked

2/22/2016  First U.S. shale gas exports imminent as tanker docks at Sabine Pass

A liquefied natural gas (LNG) tanker on Sunday docked at the Sabine Pass terminal in Louisiana, with only days to go before the United States ships its first export cargo of seaborne gas from the lower 48 states.

1/18/2016  The North Dakota Crude Oil That's Worth Less Than Nothing

Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude.

12/10/2015  Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke

In an instant, Chesapeake Energy Corp. will erase the equivalent of 1.1 billion barrels of oil from its books.

12/4/2015  OPEC Sets New Output Ceiling and Sinks Crude Market

12/2/2015  Natural Gas Slump Hits America's Biggest Fracking Field

11/2/2015  Oil Guru Who Called 2014 Rout Sees OPEC Production on Hold

OPEC will probably hold production steady at its meeting next month...

10/20/2015  OPEC Brings Oil Price War Home In Pursuit For Asia's Cash

When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition.

10/14/2015  House Votes To Lift 40-Year-Old Ban On U.S. Crude Oil Exports

The House overwhelmingly approved a bill Friday which would lift the forty year old ban on exporting US crude oil, a restriction which critics say hurts job creation and US national security.

10/8/2015  U.S. Steel may temporarily close Granite City steel mill

U.S. Steel said Tuesday it may temporarily idle its Granite City Works steel mill, which would put 2,000 people out of work.

9/17/2015  Goldman Sees 15 Years Of Weak Crude

A glut of crude may keep oil prices low for the next fifteen years, according to Goldman Sachs Group Inc.

8/24/2015  IT'S A BOY!

Congratulations Patrick, Angela, and Jack Murphy!

7/15/2015  US Steel Makes Granite City Upgrade

USS Makes Granite City Upgrade

5/15/2015  The Passing of Riley B. (BB) King

The undisputed KING of Memphis style blues BB King...

5/14/2015  Williams Cos. to Acquire Its Partnership

Pipeline company to reabsorb MLP in deal worth $13.8 billion as structure proves unwieldy

5/13/2015  Oil glut worsens as OPEC market-share battle just beginning: IEA

A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said on Wednesday.

5/8/2015  Hengyang Seamless Material Hits Out Dock in Houston

New heavy-wall seamless API in stock and ready for immediate sale!

5/7/2015  Using lasers, scientists etch new surfaces that allow metal to repel water, absorb light and self-clean

Physically altering the surface of metals achieves long lasting results...

5/4/2015  Energy Quote Of The Day: Putting A Brake On Crude By Rail

The Obama administration late last week put out a final safety rule on moving flammable liquids by rail, a subject of concern with the growth in crude by rail. Critiques were plentiful on the high-stakes issue.

4/23/2015  Fugro sets seafloor drill water depth record

Fugro has set a seafloor drill water depth record of 2,923 m (9,589 ft)

9/15/2014  JUST ARRIVED!!! 8.625" x .875"

10,000' of surplus 8.625" x .875" just came into our inventory in Houston, TX.

9/2/2014  Newly Arrived Heavy-Wall API/SA106

Newly arrived...just over 150 tons of heavy-wall 18" - 24" X42/SA106 NACE MR-0175

8/29/2014  Man Dressed As Highlighter Gives Kids Boat Rides

7/12/2014  US Sets Duties On South Korean Pipe

The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S. producers and lawmakers.

7/3/2014  LNG Exports To Boost Dry Gas Drilling, Underscore America’s Resource Vitality

While U.S. liquefied natural gas exports will not impact the market anywhere nearly as dramatically as weather, they do have the potential to consistently help maintain prices at levels sufficient to bolster dry gas activity and increase domestic supply availability.

6/13/2014  Incoming V&M Stock

Premium Pipe will be bringing in just over 267 tons of V&M APIX65

5/23/2014  2014 Omega/Sligo Invitational

Here are the results...

4/9/2014  34th Annual Omega Steel Invitational

Spots are filling up fast!!!!

3/12/2014  Traders Warm to Canada Energy Stocks on Pipeline Bets

Expanding pipelines and railroads are helping Canada’s biggest energy companies get higher prices for oil, leaving bulls in command in the options market

3/6/2014  JFE Steel develops world first X80 grade HFW pipe

JFE Steel Corporation announced that it has developed the world’s first API X80 grade high frequency welded steel pipe with thickness of one inch (25.4 mm). JFE Steel also announced that it has received the first two commercial orders for its uniquely thick HFW pipe.

2/24/2014  Silencing China's zombie steel mills no solution for smog

China is cutting steel production by 35% (86 million MT) by 2020.

2/17/2014  Just Received...3.5" x .600" Surplus APIX42/A106 Tenaris

We just took delivery of another 4,746 feet of surplus APIX42/A106 from Tenaris

1/29/2014  Mexico Opens Door To Free Enterprise In Energy

As Mexico moves to open its energy sector to international companies, the new investments and increased activity could mean a bonanza for border towns on both sides, attracting as much as $1.2 trillion in economic activity to the region in the next decade, according to a BBVA Compass economist.

1/27/2014  Omega Steel Announces It's 2014 Running Team's Final Roster

Omega Steel is presenting its strongest field ever in the 2014 New Orleans Rock & Roll Marathon this Sunday...

1/23/2014  Proposed fracking in national forest meets broad opposition

The U.S. Forest Service considers allowing hydraulic fracturing for natural gas in George Washington National Forest in Virginia, stirring concern about risks to drinking water in the Washington, D.C., area.

1/20/2014  Beijing Lays Siege to China’s Steel Output

China’s steel mills posted record-high output in 2013. But as China’s economy slows, official data show its crude steel production also ebbing.

1/13/2014  Turkey Drives Decline On US Ferrous Scrap Exports

US ferrous scrap exports continued to disappoint in November with a third consecutive monthly drop, as lower shipments to Turkey overshadow overall increase to South Korea, China, and Taiwan.

1/7/2014  Omega/Sligo Steel Warehouse Temporary Hours Of Operation

Omega Steel's Madison, IL. facility will be closed Tuesday January 7th. Sligo's sales office and warehouse will be open.

1/6/2014  Omega Steel's Madison, IL. Facility Closed Due To Weather

Our Madison facility will not be loading any trucks today Monday January 6th due to the weather. We plan to resume partial operations on Tuesday January 7th.

11/7/2013  The Singing Ringing Tree

A metal tree emits eerie, melodic notes on top of Lancashire's Crown Point

10/11/2013  TMK IPSCO Announces Price Increases

TMK IPSCO raises prices on all ERW line pipe...

9/24/2013  New Sligo Steel Website Launched!

After months of creating all these size charts, the new Sligo Steel site is up and running

7/15/2013  Omega Steel Profile In Piling Canada

Industry magazine Piling Canada features Omega Steel Company in their Q3 2013 issue...

5/24/2013  2013 Omega/Sligo Invitational Results

Here's how it all panned out...

5/17/2013  EIA Short-term Energy Outlook

•Falling crude oil prices contributed to a decline...

5/1/2013  Volunteers Needed For Saturday Food Drive

FISH of St. Charles needs your help sorting food donations this Saturday 5.4.2013

3/15/2013  33rd Annual Omega Steel Invitational Golf Tournament

Details have just been announced for our 33rd annual golf event and castle party...

3/13/2013  US steel body sees 'concerning' imports surge in 2013

U.S. steel output down 7 pct year-on-year in early 2013

1/30/2013  Omega Sled Team Slides To Silver

A group of Boy Scouts proved to be too much for the Dukes of Hazzard and “General Lee" in the final human dog sled race Saturday afternoon in O'Fallon Sports Park.

1/22/2013  Nebraska governor approves revised Keystone pipeline route

Nebraska Gov. Dave Heineman notified the Obama administration Tuesday that he has approved the controversial Keystone XL Pipeline to traverse his state, marking a significant step toward reviving the project after President Obama and Secretary of State Hillary Clinton sidelined it.

12/4/2012  US oil production hits 15-year high

Domestic crude oil production in September hit the highest monthly output since 1998, according to the U.S. Energy Information Administration (EIA).

11/12/2012  Volunteers Needed at FISH Food Pantry

Time once again for the Boy Scout food drive and FISH food pantry of St. Charles is needing volunteers.


"Give me a grill and a rack of ribs and I will move the world.", says the 2012 Omega Steel Rib Cook-off champion Greg Semmel.

9/18/2012  July Steel Shipments Down 1.3 Percent From June, Lowest Monthly Shipment Figure in 2012

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of July 2012, U.S. steel mills shipped 7,910,486 net tons, a 1.3 percent decrease from the 8,016,834 net tons shipped in the previous month, June 2012, and a 6.8 percent increase from the 7,409,450 net tons shipped in July 2011. Shipments year-to-date in 2012 are 58,027,590, an 11.2 percent increase vs. 2011 shipments of 52,189,307 for seven months.

8/27/2012  Alaska pursuing unconventional shale oil development to fill its pipeline

Canada may have its Albertan oil sands, and North Dakota has its Bakken oil formation. But don’t count Alaska out when it comes to producing unconventional oil.

8/1/2012  US Steel Does Not Foresee Work Stoppage


Toni Thompson retires after 23 years with Omega Steel Company.


Omega Steel welcomes John Watts to the Madison yard.


The annual Mail Handler's food drive is coming up this weekend and we are asking anyone free, to help out at FISH of St. Charles this Saturday should contact Mike Meyerhoff(mike@omegasteel.com 314.595.5040)