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Month: June 2017

Category:
  • USA

Oil Drops as Industry Data Shows Surge in U.S. Gasoline Supplies

Motor fuel inventories up 4.08 million barrels last week: API Crude output forecast to rise above 10 million barrels a day Oil declined as U.S. industry data showed gasoline stockpiles Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • LNG
  • USA

America’s Unstoppable LNG Boom

Since Cheniere sent America’s first LNG cargo abroad in early 2016, U.S. gas exports have reached buyers in Latin America, Europe, Asia, and even the Middle East. The shale gas Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Climate
  • USA

Tillerson: Paris not an isolationist move

U.S. Secretary of State Rex Tillerson tells his counterparts in New Zealand the decision to step away from the Paris climate treaty wasn’t an isolationist move by the Trump administration. Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Offshore
  • USA

More offshore oil openings from Trump draw criticism

The White House took another step to opening up offshore oil and gas reserves using a method that an industry critic said poses a real ecological threat. The office of Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Prices
  • USA

Supply and demand factors leave U.S. gas prices stable

U.S. consumer demand isn’t strong enough to match refinery output, leaving gas prices relatively stable as summer travel season kicks in, AAA reported. The motor club reported a national average Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Offshore
  • Oil Supply
  • USA

Oil production in the Gulf of Mexico shows resilience

With crude oil prices in May holding above the $50 mark, analysis finds the U.S. Gulf of Mexico saw gains in exploration and production activity. Platts RigData, a forecasting unit Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • USA

US falling behind in energy technology, say generals

The US is falling behind other countries in advanced energy technologies, threatening national security and undermining its global influence, former generals and admirals in the US military are warning the Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Scotland

How Would Scottish Independence Affect the Region’s Oil, Gas Industry?

Rigzone outlines how Indyref2 could shape the region’s oil and gas sector. Scottish independence from the UK could lead to fewer Scottish oil and gas jobs, according to Airswift CEO Continue Reading

Posted On : 7 Jun 2017 Published By : Tom Whipple
Category:
  • Prices

Oil subdued on worries Middle East rift will sap efforts to cut output

Oil recovered some losses from the previous session on Tuesday, but Brent crude remained below $50 over concerns that a political rift between Qatar and several Arab states would undermine Continue Reading

Posted On : 6 Jun 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Slides on Supply Glut

Crude futures fell to near-one-month lows Monday, erasing earlier gains that were spurred by a political rift in the Middle East, before investors refocused on the supply-glut. Oil rose in Continue Reading

Posted On : 6 Jun 2017 Published By : Tom Whipple

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