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Month: April 2018

Category:
  • Oil Supply
  • USA

U.S. production of crude oil grew 5% in 2017, likely leading to record 2018 production

Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Oil Supply

Summary of Weekly Petroleum Data for the Week Ending March 30, 2018

U.S. crude oil refinery inputs averaged over 16.9 million barrels per day during the week ending March 30, 2018, 141,000 barrels per day more than the previous week’s average. Refineries Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Biofuels
  • USA

Farmers Hit Hard As Trump Backs Big Oil

The Trump administration seems to be leaning towards allying with the oil refining industry in its fight against Big Corn and federal rules requiring the use of corn ethanol. Reuters Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Shale Oil

Shale Breakevens Rise Amid Production Surge

U.S. shale companies are set to increase their capital expenditures by 20 percent this year, while also boosting their production guidance, according to Rystad Energy . Obviously, the Permian is Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Big Oil Shuns Unexplored Acreage In Largest U.S Oil & Gas Lease Sale

The world’s biggest oil companies preferred to bid on areas close to existing infrastructure and largely stayed out of unexplored acreage in last month’s lease sale in the Gulf of Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Pipelines
  • USA

Four Pipeline Operators Report Cyberattack

Four gas pipeline operators in the U.S. have had to shut down their communications systems after breakdowns caused by cyberattacks, fueling fear of more hostile cyberactivity to come. Energy Transfer Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Biofuels
  • USA

US Ethanol Groups Bristle As EPA Frees Refiners From Biofuels Law

The U.S. Environmental Protection Agency has approved the request of 25 small refineries to be exempted from the nation’s biofuels laws, an agency source said on Wednesday, marking a big Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Pipelines

Third Gas Pipeline Data System Shuts One Day After Cyberattack

A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. The Department of Homeland Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • p-
  • Shale Oil

The Problem with EIA Shale Gas and Tight Oil Forecasts

Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Solar

Home Solar Dims as Tesla, Others Curb Aggressive Sales

The number of U.S. homeowners putting solar panels on their roofs declined last year after leading installers including Tesla Inc. abandoned aggressive sales practices that had helped drive breakneck growth. Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple

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