Saudi Arabia Said to Report Record Oil Output on Summer Demand
Production said to be 10.67 million barrels a day in July Figures were submitted to OPEC, according to two people Saudi Arabia told OPEC that it pumped a record 10.67 Continue Reading
Venezuela Seen Staving Off Default Again Even as Crisis Worsens
PDVSA to pay $4.1 billion due by year-end, Aberdeen says Goldman Sachs says country has now fallen into a ‘depression’ Even as Venezuela’s economic collapse deepens, the nation has a Continue Reading
Venezuela issues timeline for presidential recall drive
AP Photo/Fernando Llano CARACAS, Venezuela (AP) — Venezuelan elections officials have set a late October date for a recall drive against President Nicolas Maduro, a timeline that makes it unlikely Continue Reading
Can Mexico Reverse Its Steep Output Decline?
The petroleum industry in Mexico dates back over a century to 1901 where the commercial production of crude oil began. Since then, both Great-Britain and the United States played major Continue Reading
China Inc. Pursues Power, Glory With Big Brazil Deal
China Inc. is looking to win a gold medal in deal making with a $13 billion takeover of a Brazilian electric company. State Grid Corp. of China, the world’s largest Continue Reading
EIA Sees Smaller Drop In US 2016 Crude Output As Drilling Picks Up
The U.S. Energy Information Administration said on Tuesday that it expects a smaller decline in U.S. crude oil production in 2016 than it forecast a month ago as an uptick Continue Reading
Short-Term Energy Outlook
Market Prices and Uncertainty Report This is a regular monthly supplement to the EIA Short-Term Energy Outlook . Contact: James Preciado ( [email protected] ) Contributing authors: Rebecca George and Jeff Continue Reading
Southern California natural gas inventories nearly flat this injection season
During the summer, when storage operators are typically injecting natural gas into storage facilities to build up inventories before the winter months, natural gas inventories in Southern California have remained Continue Reading
Midwest states skew gas price average higher
An issue at a BP refinery in Indiana and an uptick in road travel strained supplies, though retail prices are holding relatively stable overall, AAA said. The motor club reports Continue Reading
Colorado voters to see oil, gas limits on ballot
Colorado voters may see issues on the November ballot on oil and gas development, an issue both sides of the debate said is important for state interests. Supporters were able Continue Reading