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Month: December 2018

Category:
  • Australia
  • Climate

Record-shattering heat wave scorches Australia as temperatures reach 120 degrees

A record-shattering heat wave continued to scorch Australia on Thursday as temperatures soared above 120 degrees in some spots. The extreme heat has spurred on health warnings, air quality alerts Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

EIA Inventory Report Stops Price Slide

A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. drillers add oil rigs for second week in a row: Baker Hughes

 U.S. energy firms added oil rigs for a second week in a row even as oil prices fell to 1-1/2-year lows and headed for losses of more than 20 percent Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

U.S. crude flows to Europe hit 11-month low in December

U.S. crude exports to Europe fell to an 11-month low this month as a shrinking discount and rising shipping costs squeezed demand for U.S. barrels, according to Refinitiv Eikon data Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Air Quality
  • USA

E.P.A. Proposes Rule Change That Would Let Power Plants Release More Toxic Pollution

The Trump administration announced on Friday a plan designed to make it easier for coal-fired power plants, after nearly a decade of restrictions, to release into the atmosphere more mercury Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Summary of Weekly Petroleum Data for the week ending December 21, 2018

U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending December 21, 2018, which was 58,000 barrels per day less than the previous week’s average. Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Rises As Canadian Drillers Prepare For Winter

Coming off a rather abysmal week for oil prices, Baker Hughes reported a 3-rig increase for oil and gas in the United States this week. The total number of active Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Canada

Canada Is Producing More Oil Than It Can Handle

Western Canada is producing 365,000 bpd more crude oil that current pipeline capacity can handle, a new report from the National Energy Board has revealed. According to the authority, as Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Air Quality

US EPA proposes to revoke legal basis for Obama-era rule targeting coal plants

In a move with major implications for future air quality regulations, the US Environmental Protection Agency Friday proposed to rescind the legal justification for an Obama-era rule that has dramatically Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple
Category:
  • Shale Oil

Bakken processing plant expansion helps curb natural gas flaring

Although natural gas flaring in the Bakken Shale set records in 2018, those levels are starting to fall as the first of one of several processing plants planned for the Continue Reading

Posted On : 29 Dec 2018 Published By : Tom Whipple

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