Iraq says committed to OPEC+ oil output reduction
Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019. Continue Reading
Ecuador audit finds $2.5B lost in oil infrastructure corruption
Ecuadorean President Lenin Moreno said that a special audit into $4.9 billion worth of oil-related infrastructure investment in the last decade reveals that about half of it was lost to Continue Reading
Envoys Denounce Venezuela’s Maduro and Urge Him to Cede Power
Thirteen nations announced on Friday that they would not recognize the legitimacy of the new presidential term of Nicolás Maduro of Venezuela, who is set to be inaugurated next week Continue Reading
Oil Rises On Hopes Of A U.S.-China Trade Deal
After starting the New Year in the red, crude oil stabilized higher today on reports that China plans to hold talks with the United States next week to settle their Continue Reading
Summary of Weekly Petroleum Data for the week ending December 28, 2018
U.S. crude oil refinery inputs averaged 17.8 million barrels per day during the week ending December 28, 2018, which was 410,000 barrels per day more than the previous week’s average. Continue Reading
Gas flaring lights up Texas skies amid US oil boom
The powerful telescopes of Texas’s McDonald Observatory aim at some of the darkest night skies on the planet. But a dome of light is creeping closer on the northern horizon. Continue Reading
Falling Rig Count Supports Crude Prices
More good news came in today for the oil bulls as Baker Hughes reported a 8-rig decrease for oil and gas in the United States this week. The total number Continue Reading
Bloodbath In Oil & Gas Stocks Could Continue
For much of 2018, investors probably thought they had a strong bet in the energy complex. But that bet badly turned sour in the final 60 days of the year. Continue Reading
California’s Oil-By-Rail Imports Climb Near Record In 2018
California imported an average 447,063 barrels of crude oil by rail over the first nine months of last year, the latest data available from the California Supply Analysis Office has Continue Reading
$92MM Corpus Christi Dredging Contract Awarded
A project to make the Corpus Christi Ship Channel (CCSC) more accessible has taken a major step forward. A project to make the Corpus Christi Ship Channel (CCSC) more accessible Continue Reading