The leading US oil and gas industry group has highlighted deregulation, increased access for offshore drilling and more support for pipeline construction as priorities for Donald Trump’s administration and the Continue Reading
The US is dependent on gasoline for nearly every aspect of transportation, but the hard reality for the country’s drivers is that its refiners don’t produce near enough to meet Continue Reading
The party’s over for the airlines. Guess who has to stay and clean up? After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, Continue Reading
Americans may spend $52 billion more to fill their cars this year as OPEC output cuts boost oil prices and state tax hikes take a bigger bite, according to GasBuddy Continue Reading
Auto makers rolled out stronger-than-expected December U.S. sales results Wednesday, amid robust demand for trucks and hefty year-end incentives, signaling the industry remained on track to set an annual record Continue Reading
US coal carload volumes fell in the final week of 2016, putting year-end totals 20.1% below 2015 counts, railroad and Association of American Railroads data showed Wednesday. For the week Continue Reading
The world’s second-largest petrochemical port in Houston may command 75% of all US polyethylene exports, but expected growth in international shipments as a slew of new ethane crackers and associated Continue Reading
Tillerson will relinquish control of a quarter-billion dollar nest egg amassed over four decades at Exxon Mobil Corp. to avoid a conflict of interest during his confirmation hearings to become Continue Reading
Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. The oil and Continue Reading
“They say they milk chickens” goes the Russian proverb. With crude prices up 50% from a year ago, energy investors would do well to take this skeptical saying to heart. Continue Reading
