The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer. Surging Continue Reading
Several major U.S. Gulf Coast refineries were restarting operations on Wednesday as temperatures warmed following record lows across the region overnight, freezing instrumentation and snapping power lines, according to refining Continue Reading
Demand strains and a steady surge higher for oil prices means a typical winter of lower U.S. retail gasoline prices isn’t in store this year, analyses show. Motor club AAA Continue Reading
An effort by Energy Transfer Partners LP to expand its Mariner East 2 pipeline ran into local resistance, and Pennsylvania authorities halted construction earlier this month. Some of North America’s Continue Reading
Brookhaven National Laboratory scientists have observed an unexpected phenomenon in lithium-ion batteries – the most common type of battery used to power cell phones and electric cars. As a model Continue Reading
The American Petroleum Institute (API) reported a large draw of 5.121 million barrels of United States crude oil inventories for the week ending January 12, marking seven large draws in Continue Reading
American crude oil output is set to rise by 1.8 million barrels per day from the nation’s largest shale producing areas over the next year, according to new forecasts by Continue Reading
Despite the fact that part of the Arctic National Wildlife Refuge (ANWR) has been declared open to drilling, low oil prices and abundance of onshore shale deposits makes the Arctic Continue Reading
A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude. (Bloomberg) — The world’s hottest offshore prospect for oil companies is Continue Reading
Average gasoline price in US is still low compared to other OECD countries. Although it doesn’t expect gasoline prices to set any records in 2018, GasBuddy predicts that the U.S. Continue Reading
