As North Dakota oil soars, so does waste of natural gas
North Dakota oil drillers are falling far short of the state’s goals to limit the burning of excess natural gas at wellheads, five years after the state adopted the rules Continue Reading
DOE: Growth in US vehicle-miles of travel and number of vehicles outpaces population growth
Vehicle miles traveled (VMT) in the US was seven times higher in 2017 than in 1950, according to the US Department of Energy (DOE). The number of vehicles in operation Continue Reading
Texas Oil, Gas in Expansion Mode Despite Flat Activity
Texas oil and gas operators are proving they can produce more crude with fewer resources, according to the Texas Petro Index. Texas crude oil production continues to break records in Continue Reading
Exxon, Others Leading High-Impact Drilling Rebound
High-impact drilling is rebounding amid a changing competitive landscape. Large oil and gas companies are commanding a greater role in high-impact exploration, but a lack of depth in the quality Continue Reading
Russia to consider extending oil output cut with OPEC: deputy PM
Russia’s Finance Minister Anton Siluanov speaks during a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov NUR-SULTAN (Reuters) – Russia will Continue Reading
Transneft, not Russia, should pay dirty oil bill: Siluanov
Russia should not pay for mistakes by oil pipeline monopoly Transneft from the budget, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday, piling pressure on the state-owned Continue Reading
Hungary to receive clean Druzhba crude Wed: Transneft
Moscow — Russian pipeline operator Transneft said Wednesday that crude pumping has resumed at Fenyeslitke in Hungary, and estimates that clean Druzhba crude will enter the system by 6:00 pm Continue Reading
Forget “Money” – What Will Matter Are Water, Energy, Soil, & Food… And A Shared National Purpose
If you want to identify tomorrow’s superpowers, overlay maps of fresh water, energy, grain/cereal surpluses and arable land. The status quo measures wealth with “money,” but “money” is not what’s Continue Reading
Oil mixed as OPEC cuts, U.S. sanctions prop up prices while trade war weighs
Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an Continue Reading
Crude oil futures higher as supply concerns take centerstage
Crude oil futures were higher during mid-morning trade in Asia Tuesday, shrugging off bearish comments on the US-China trade negotiations as supply issues continued to dominate the spotlight. At 10:30 Continue Reading