U.S. oil stocks down, fuel inventories up sharply
U.S. crude stocks fell last week as refiners boosted activity to the highest rate since 2005, while stocks of distillates, which include diesel and jet fuel, rose by the most Continue Reading
Trump administration aims to open nearly all U.S. offshore to oil drilling
The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal Continue Reading
Expect Trump to ‘open the floodgates’ for offshore drillers, conservation group says
A new offshore license schedule from the Trump administration could “open the floodgates” for drillers in the outer continental shelf, an advocacy group said. A spokesperson for the U.S. Bureau Continue Reading
Energy sector analysis sees deepwater attraction
It will be the deep waters like offshore Guyana that look commercial in the current market and make big and national oil companies turn a head, analysis found. Consultant group Continue Reading
Summary of Weekly Petroleum Data for the Week Ending December 29, 2017
U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending December 29, 2017, 210,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
Oil Rises As API Reports Major Draw In Crude Inventories
The American Petroleum Institute (API) reported a draw of 4.992 million barrels of United States crude oil inventories for the week ending December 29, marking five large draws in as Continue Reading
Quest for new oil discoveries still on back burner
Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital Continue Reading
Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Argo Consulting’s Alan Free discusses where the silver lining may be for oil and gas in 2018. As 2017 came to a close, many in the oil patch were hoping Continue Reading
Iranian unrest not yet impacting oil production
At this point, the oil market has factored in any risk from the political unrest gripping Iran, one of OPEC’s top producers, analysts said. More than a dozen people were Continue Reading
U.S. Energy Department directs $30 million to small oil, gas projects
Six small U.S. oil and natural gas drilling projects will receive about $30 million in federal funding for research and development to help achieve President Donald Trump’s policy of boosting Continue Reading