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Month: May 2017

Category:
  • Climate
  • USA

Effort to Overturn Methane Regulation Fails in Senate

Republican efforts to quickly repeal an environmental regulation from the Obama administration failed Wednesday, the first vote to not pass in the new Congress. Three Republican senators and all 48 Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Transportation
  • USA

Are US drivers losing their reputation as gas guzzlers?

The oil market is getting nervous about the depth of US drivers’ love of the road. Data show that domestic petrol use has softened in 2017. Last week, a majority Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Flows of gasoline and diesel into the Midwest fall as demand flattens and production grows

Over the past 10 years, increased refining activity and relatively flat demand in the Midwest—Petroleum Administration for Defense District 2 (PADD 2)—have allowed refiners in the region to meet a Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Offshore
  • USA

All Washed Up? Shale Oil and Gas Drowns Out US Gulf of Mexico Shallows

More than 10,000 jobs in the US Gulf of Mexico may be lost, never to return, as shallow water drilling lands in the doldrums where experts say it will remain. Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Russia
  • USA

First Urals crude imported to US East Coast since 2013

Russian Urals crude was recently imported into the US East Coast for the first time since 2013, according to US Customs data. More shipments of the medium-to-light sour grade may Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • USA

Summary of Weekly Petroleum Data for the Week Ending May 5, 2017

U.S. crude oil refinery inputs averaged about 16.8 million barrels per day during the week ending May 5, 2017, 418,000 barrels per day less than the previous week’s average. Refineries Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Russia

Shell Says Russia Oil Must Be Considered for Brent Benchmark

Market should discuss including Russian crude in global marker Says difficult to add more North Sea oil to current yardstick Royal Dutch Shell Plc , the world’s largest oil trader, Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Arctic
  • Russia

Russian researcher claims edge in Arctic oil and gas

Ahead of a meeting of littoral states, a Russian expert said Wednesday there are new methods to offer an edge in assessing Arctic oil and gas reserves. Vladimir Cheverda, a Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Scotland

Scotland’s Oil, Gas Sector Emerging From Downturn

Scotland’s oil and gas sector is emerging from the downturn, with people getting back into work and businesses growing in confidence, says SNP Deputy Leader Angus Robertson. Scotland’s oil and Continue Reading

Posted On : 11 May 2017 Published By : Tom Whipple
Category:
  • Prices

Oil prices edge up in anticipation of extended crude output cut

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Oil prices edged up on Tuesday, driven by anticipation that Continue Reading

Posted On : 10 May 2017 Published By : Tom Whipple

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