The world’s largest independent oil trader, Vitol, is looking to secure long-term deals with some of the biggest oil-producing countries in the Middle East, in what has become a challenging Continue Reading
The Interior Department’s U.S. Gulf of Mexico Lease Sale 250 attracted $139 million in bids concentrated in deepwater offshore Louisiana and others areas near the Mexican border, according to a Continue Reading
U.S. crude oil stockpiles fell unexpectedly last week as imports dropped and refining rates jumped, while gasoline and distillate inventories also declined, the Energy Information Administration said on Wednesday. Crude Continue Reading
The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids on Wednesday, a modest response to the Trump administration’s effort Continue Reading
BP will begin drilling for oil in a Mexican deepwater offshore block in two years, after its drilling plan was approved by Mexico’s oil and gas regulator, the National Hydrocarbons Continue Reading
A Guest Post by George Kaplan 2017 was the highest producing year for oil in the GoM and included the record month in March. Gas, which has tended to come Continue Reading
Summary of Weekly Petroleum Data for the Week Ending March 16, 2018 U.S. crude oil refinery inputs averaged about 16.8 million barrels per day during the week ending March 16, Continue Reading
The U.S. Department of Interior on Tuesday will auction off more than 51,000 acres (21,000 hectares) in southeastern Utah for oil and gas development, over objections from conservationists, who say Continue Reading
The American Petroleum Institute (API) reported a surprise draw of 2.739 million barrels of United States crude oil inventories for the week ending March 16, according to the API data. Continue Reading
The Trump administration has dubbed Wednesday’s Gulf of Mexico oil and natural gas lease sale as the largest in US history and Interior Secretary Ryan Zinke has called it a Continue Reading
