China and the U.S. reached a modest breakthrough in their standoff over trade, saying they will hold lower-level talks later this month on the spiraling dispute. China’s Commerce Ministry said Continue Reading
President Donald Trump’s first year in office must have been a pleasant surprise for Chinese President Xi Jinping. A successful state visit in Beijing and an apparent personal chemistry between Continue Reading
In a recent paper in Science of The Total Environment, a team of Chinese researchers created a model of the Urumqi No. 1 catchment in Xinjiang, China, and made a Continue Reading
A lack of pipeline capacity is hampering Permian Basin crude oil and natural gas production. Pipelines that were adequate a few years ago are now overwhelmed due to the tremendous Continue Reading
NEW YORK (Reuters) – Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday, showing Continue Reading
U.S. crude oil stockpiles jumped unexpectedly last week despite record high refinery runs, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday. “We’ve gotten Continue Reading
A $9.2 billion all-stock acquisition creates one of the larger entities working in the Permian shale basin in the United States, Diamondback Energy announced. Diamondback announced the all-stock acquisition of Continue Reading
Nutshell-Overview Crude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again, Continue Reading
Houston — The US Gulf Coast refining complex processed more crude than ever before last week, according to data from the US Energy Information Administration released Wednesday. Receive daily email Continue Reading
The NYMEX September natural gas futures contract decreased Wednesday as strong dry gas production continued to halt the momentum the market gained in the last few days. As of 10:24 Continue Reading
