Lawyers for major oil companies on Wednesday urged a federal judge to throw out a lawsuit filed by New York City seeking to hold them financially liable for damages caused Continue Reading
The Energy Information Administration reported a large crude oil draw of 4.1 million barrels for the week to June 8, after a 2.1-million-barrel increase a week earlier. A day earlier, Continue Reading
Production growth from the Permian shale in the southern United States will be equivalent to adding another Kuwait to the market. File Photo by Gary C. Caskey/UPI June 13 (UPI) Continue Reading
Even though gas prices are eating up close to 10 percent of U.S. incomes, motor club AAA said Wednesday travel plans may be scaled back, but not canceled. “Motorists can Continue Reading
Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas. As companies respond to rising oil prices by drilling more for Continue Reading
The bottlenecks in the Permian have created a widening chasm between not just Brent and WTI, but also WTI in Cushing or Houston and prices fetched for oil in the Continue Reading
Canada’s crude oil production is growing, but pipeline capacity is not, and this is eroding the country’s energy industry competitiveness, the Canadian Association of Petroleum Producers said in the latest Continue Reading
The Federal Energy Regulatory Commission does not see any emergency in the U.S. electricity market, the panel regulating the national grid said at a Senate hearing. The opinion is likely Continue Reading
Rigzone highlights some of the upcoming challenges for oil and gas firms in the Permian. The “clear challenge” producers of oil and natural gas in the Permian Basin will face Continue Reading
With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to Continue Reading
