Falling Oil Prices May Make Trump Happy but They Pose Risks for U.S.
Oil prices have plunged by about 25 percent in the last month while the cost of gasoline has tumbled to as little as $2 a gallon in several states. President Continue Reading
U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2017
Stronger oil and natural gas prices combined with continuing development of shales and low permeability formations drove producers of crude oil and natural gas in the United States to report Continue Reading
Volkswagen Plans EV Factory In U.S.
Volkswagen plans to build a factory for affordable electric vehicles in the United States, the company’s new head of North American operations, Scott Keogh told media at an industry event, Continue Reading
Judge Lets TransCanada Do Preliminary Work On Keystone XL
Montana District Judge Brian Morris, who earlier this month ordered the suspension of work on the controversial Keystone XL crude oil pipeline, has now allowed TransCanada to conduct preliminary activities Continue Reading
Alberta Forced To Buy Oil Trains
The Government of Alberta has been forced into buying more oil trains to move crude from the province, the Calgary Sun reports, quoting Premier Rachel Notley as describing the situation Continue Reading
OPEC says low prices hurt US shale companies too, boosting the case for oil output cuts | S&P Global Platts
Prices below $60/b are hurting US shale producers and potentially strengthening OPEC’s hand to introduce tighter quotas and output cuts when the group and its allies meet next week, according Continue Reading
US rig count drops by 25 to 1,183 in week ended November 28
The US rig count dropped by 25 on the week to 1,183 for the period ended November 28, posting small reductions in most of the eight large domestic oil and Continue Reading
Shale Patch Will Likely Cut Budgets Next Year
Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said. (Bloomberg) — Shale explorers will Continue Reading
EPA to Keep Exempting Refineries From Biofuel Mandates
The Trump administration has decided to keep waiving some oil refineries from U.S. biofuel mandates, despite pressure from ethanol advocates to end the practice, according to three people familiar with Continue Reading
Alberta to Buy Rail Cars to Ship Crude Amid Pipeline Pinch
Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices. (Bloomberg) — Alberta is working to Continue Reading