China’s Gas Production Hits Three-Year High
China pumped natural gas at the highest rate since 2014 in December 2017 in an attempt to make up for shortages of the fuel in the northern parts of the Continue Reading
China’s major coal province to cut 23 million tonnes of capacity in 20
China’s Shanxi province, responsible for about a quarter of the country’s total coal output, will cut its production capacity by 23 million tonnes this year as part of its efforts Continue Reading
Oil little changed after record crude draw at U.S. hub
Oil was little changed on Thursday, as prices eased early in the session, but were supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. Continue Reading
U.S. crude stocks drop, led by record outflow from Cushing hub: EIA
U.S. crude oil stocks fell for a ninth straight week, led by a record drawdown at the U.S. storage hub in Cushing, Oklahoma, the Energy Information Administration said on Thursday. Continue Reading
TransCanada says Keystone XL interest strong enough to proceed
Pipeline company TransCanada said Thursday that commercial commitments for about 60 percent of the capacity for its Keystone XL pipeline is enough to proceed. The company said it concluded the Continue Reading
BHP Billiton continues U.S. shale exit plans
Australian energy and mining giant BHP Billiton said Thursday it was on pace start selling off its U.S. shale assets during the first quarter of the year. In August, CEO Continue Reading
Florida Democrat plays hardball on Trump’s offshore drilling plan
A Florida senator at the heart of the pushback on President Trump’s offshore drilling plans said he was blocking federal appointments in a move for clarity. U.S. Sen. Bill Nelson, Continue Reading
Keystone XL Pipeline Obtains Enough Shipper Commitments to Proceed
TransCanada still needs easements from landowners in the state and must secure water-crossing permits from the U.S. Army Corps of Engineers. TORONTO— TransCanada Corp. TRP 0.25% said on Thursday it Continue Reading
Summary of Weekly Petroleum Data for the Week Ending January 12, 2018
U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 12, 2018, 448,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading
API’s Jack Gerard to Step Down
After serving for 10 years as president and CEO of the API, Jack Gerard is calling it quits. Jack Gerard will step down as president and CEO of the American Continue Reading