Texas rig permitting nearly doubles from 2016
Accounting for about half of all the active rigs in the United States, the energy regulator in Texas said total drilling permits nearly doubled from last year. The Railroad Commission Continue Reading
New Orleans Scrambling to Fix Drainage System Following Heavy Rains
Workers in New Orleans raced Friday to repair a broken power turbine that provides electricity for the city’s troubled drainage system and slowly brought it back online—ahead of more possible Continue Reading
Students, Cities and States Take the Climate Fight to Court
Can the courts fix climate change? Several groups and individuals around the United States have gone to court to try to do what the Trump administration has so far declined to Continue Reading
Oil Rig Count Rises Despite Ballooning Shale Debt
The number of active oil and gas rigs in the United States rose this week by 5 rigs as drillers in the United States continue to add rigs in defiance Continue Reading
Siemens building first stretch of eHighway on public roads in Germany
Siemens has been commissioned by the German state of Hesse to build an overhead contact line for electrified freight transport on a ten-kilometer stretch of autobahn. The line will supply Continue Reading
The Arrival Of Peak Oil Demand And The Final Days For Oil
Summary There are greater threats to the outlook for oil than growing OPEC or U.S. shale oil production. Peak demand growth for oil will arrive faster than commonly considered. Renewable Continue Reading
Oil Futures Point To Higher Oil Prices
The EIA reported another strong week of inventory declines in its most recent data release, revealing a drawdown of 6.5 million barrels for the week ending on August 4. That Continue Reading
Oil prices drop as oversupply concerns linger
Oil prices fell on Friday, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories. Investors were also keeping a close eye on the broad market Continue Reading
Oil Drops After Failure to Hold $50 Even as Stockpiles Shrink
OPEC boosts oil-demand outlook, yet group’s output increases In the U.S., crude stockpiles have dropped six straight weeks Oil retreated to the lowest level in more than two weeks after Continue Reading
Oil market marches on toward backwardation
Oil traders are increasingly convinced the market will rebalance over the next year with a major drawdown in crude and products stocks. Conviction about market rebalancing is showing in a Continue Reading