A federal auction of exploration leases in the Gulf of Mexico next week will test energy companies’ appetite for acreage after the Trump administration left royalty rates for deepwater parcels Continue Reading
An initiative to expand the setback distance required for oil and gas drilling in Colorado just received a boost, potentially making the November ballot. The stricter drilling requirements could have Continue Reading
U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.4 million barrels in the last week, Continue Reading
U.S. shale company Continental Resources said in its second quarter report it was raising its production and spending expectations for the year. “Continental is in an advantaged position in the Continue Reading
Continental Resources, the U.S. shale producer controlled by billionaire Harold Hamm, expects its output to grow by 15 to 20 percent next year, with much of that increase weighted toward Continue Reading
Plains All American Pipeline LP said two West Texas crude pipeline projects would begin partial operations slightly ahead of their original schedules. Aug 8 (Reuters) – Plains All American Pipeline Continue Reading
The EIA just revised down its forecast for U.S. oil production growth for 2018, an acknowledgement that pipeline constraints are slowing output gains in the Permian basin. The EIA believes Continue Reading
A Guest Post by Dr. Minqi Li, Professor Department of Economics, University of Utah E-mail: [email protected] August 2018 This is Part 3 of the World Energy Annual Report in 2018. Continue Reading
NEW YORK (Reuters) – U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $74 per barrel (b) in July, largely unchanged from the average in June. EIA expects Brent spot prices will Continue Reading
