Permian basin production could accelerate
The expansion of a Texas oil pipeline is likely to support more production from the prolific Permian shale basin, the Federal Reserve Bank of Dallas said. Texas is the No. Continue Reading
Governor opposition complicates Trump administration’s Atlantic drilling plans
The Trump administration is facing increasing pressure from governors of East Coast states to keep federal Atlantic waters out of the five-year oil and natural gas leasing plan it hopes Continue Reading
US coal train loadings increase to year-high mark: railroads
US coal train loadings volumes have remained strong, and increases this week across all the major basins pushed totals to a new year-high mark. Data filed by the four major Continue Reading
Oil nudges higher on tightening supplies, weak dollar
Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. But prices were still on track to Continue Reading
Oil edges up on decline in crude stocks, but high production caps gains
Oil prices edged up early on Thursday, clawing back some ground after losses in the previous session. Traders said the market was range-bound as falling crude inventories provided price support Continue Reading
July ranks 2nd for heat globally, hottest recorded on land
Earth yet again sizzled with unprecedented heat last month. The National Oceanic and Atmospheric Administration said Thursday Earth sweated to its second hottest month since recordkeeping began in 1880. At Continue Reading
Analysis: OPEC caught in limbo as options to change status quo limited
As OPEC and non-OPEC nations meet for another joint technical committee meeting on August 21, the oil producer group’s options seem limited, leading to a preoccupation with ensuring compliance with Continue Reading
Former Exxon advisor likely to succeed ousted Basra governor
In the wake of a scandal that led to the sudden resignation of Basra’s governor, Taha al-Tamimi has emerged as the top candidate to lead Iraq’s oil capital. Basra’s then-governor, Continue Reading
Libya Gets Better at Keeping Oil Flowing as Industry Stabilizes
Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again. (Bloomberg) — Libya’s getting Continue Reading
Nigeria: Oil Production At $32 Per Barrel Too High – Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment Continue Reading