Libya’s oil output has been slashed to between 600,000 and 700,000 barrels per day (bpd) from more than one million following clashes at its Ras Lanuf and Es Sider oil Continue Reading
Executive action from the U.S. president eases offshore energy planning burdens, an industry group said, though critics said it was a war on oceans. President Donald Trump signed an executive Continue Reading
U.S. economy not as exposed to spikes in crude oil prices as it was in the 1970s, the Federal Reserve Bank of Dallas found. File Photo by John Angelillo/UPI June Continue Reading
The fastest-growing oil producing region in the United States, the Permian, is nearing the limits of its pipeline takeaway capacity and some producers may be forced to shut in wells Continue Reading
The chairman of Permian heavyweight Pioneer Natural Resources took the unusual step Wednesday of publicly asking OPEC to pump more oil, arguing the price range of $60-$80/b is best for Continue Reading
The NYMEX July natural gas futures contract rose 6.4 cents Wednesday to settle at $2.964/MMBtu on a warmer-than-average weather forecast. The front-month contract was trading Wednesday between $2.912/MMBtu and $2.969/MMBtu. Continue Reading
TransCanada Corp.’s Keystone XL may be one pipeline too many for Canada, at least for now. Construction of the export line would supply Western Canada with more pipeline capacity than Continue Reading
It has become one of the fastest growing political campaigns in human history, surpassing similar battles against the tobacco industry and the fight against apartheid in South Africa. Its logic Continue Reading
Summary of Weekly Petroleum Data for the week ending June 15, 2018 U.S. crude oil refinery inputs averaged 17.7 million barrels per day during the week ending June 15, 2018, Continue Reading
Supermajor Royal Dutch Shell said Wednesday it sold off its entire stake in two fields in production off the Norwegian coast for $556 million. Shell’s subsidiary in Norway sold its Continue Reading
