Canada’s energy regulator recommended approval of the government-owned Trans Mountain pipeline expansion, clearing one of the major obstacles for the project to move forward. The National Energy Board said in Continue Reading
The U.S. dropped a total of four oil rigs this week while the gas rig count remained flat. The U.S. dropped four oil rigs this week, according to weekly data Continue Reading
U.S. energy firms this week cut the number of oil rigs operating for the first time in three weeks week after U.S. crude production hit an all-time high, boosting exports Continue Reading
Weak returns at U.S. shale producers could cost more executives their jobs and lead to increasing battles with activist investors, analysts said following changes at two producers. After years of Continue Reading
U.S. crude oil production hit a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly Continue Reading
Crude takeaway to exceed Permian production by 1 million b/d in 2020 Narrowing discount on WTI locked in at Midland Permian hub Gas takeaway constrained prior to October startup of Continue Reading
Chevron Phillips Chemical may build a steam cracker and at least one derivative unit in far southeastern Texas, according to documents filed with the Texas Comptroller’s office. Receive daily email Continue Reading
Liquid metal batteries, invented by MIT professor Donald Sadoway and his students a decade ago, are a promising candidate for making renewable energy more practical. The batteries, which can store Continue Reading
Crude oil futures moved marginally lower during mid-morning trade in Asia Friday, amid a build reported in US crude inventory while news of Nigeria’s cooperation with OPEC to reduce output Continue Reading
Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. Despite this, prices remained just below Continue Reading
