Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been […]Read more "Major traders are talking about $100 oil again – Midland Reporter-Telegram"
Enable Midstream Partners LP, Oklahoma City, launched a nonbinding open season to gather additional interest for firm natural gas transportation capacity on the Gulf Run Pipeline, a planned interstate transportation project designed to connect US gas supplies to LNG export markets on the Gulf Coast. The project is backed by a precedent agreement with a […]Read more "Enable Midstream plans Gulf Run gas pipeline to Gulf Coast – Oil & Gas Journal"
Crude oil surpassed hydrocarbon gas liquids (HGL) to become the largest U.S. petroleum export, with 1.8 million barrels per day (b/d) of exports in the first half of 2018. U.S. crude oil exports increased by 787,000 b/d, or almost 80%, from the first half of 2017 to the first half of 2018 and set a […]Read more "Crude oil was the largest U.S. petroleum export in the first half of 2018 – Today in Energy – U.S. Energy Information Administration (EIA)"
‘Whitewash’: US oil and gas lobbyists try to discredit Australian seismic research | Environment | The Guardian — Read on www.google.com/amp/s/amp.theguardian.com/environment/2018/sep/25/whitewash-us-oil-and-gas-lobbyists-try-to-discredit-australian-seismic-researchRead more "‘Whitewash’: US oil and gas lobbyists try to discredit Australian seismic research | Environment | The Guardian"
Tarah Garza is a fifth generation Coloradan and a single mom of two teenagers. She’s an environmentalist who spends as much time in the Colorado outdoors as her busy schedule will allow. Bo Winter, raised in Ault, spent a good chunk of his life farming the fields of northern Colorado, caring for the land and […]Read more "No on Proposition 112: It will hurt Colorado’s families and economy"
The American oil industry is in the best condition it has been in decades. Shale drilling has unlocked billions of barrels of oil across the Lower 48, and companies are getting good enough at extracting it that many can pull it out of the ground for less than $50 a barrel compared with upwards of […]Read more "U.S. Oil Producers Are “Missing Out” on $100 Million a Day in Revenue"
3 U.S. oil prices retreated in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies increased by 1.249 million barrels for the week ended Sept. 14., according to sources. The build comes after a sizable decline of 8.6 million barrels for the week ended Sept. 7. Phil Flynn, senior market analyst […]Read more "Oil prices pare gain in electronic trade after API report shows weekly crude build – MarketWatch"
North Dakota’s oil production surged to a new record in July, putting the mid-western state on par with OPEC member Venezuela. Home to the Bakken shale play, North Dakota pumped 1.27 million barrels a day in July, according to state figures released Friday. That’s roughly the same output as Venezuela during the month. The South […]Read more "North Dakota Is Now Pumping as Much Crude as Venezuela – Bloomberg"
China’s move to impose tariffs on U.S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale. Retaliating against new Trump administration tariffs on $200 billion in Chinese goods, China on Tuesday issued levies on $60 billion of U.S. products, including a 10% tariff on liquefied natural gas, […]Read more "China Tariff Threatens U.S. Liquefied Natural Gas Boom"
(Reuters) – USD Partners LP has begun expansion work at one of Canada’s largest crude by rail loading terminals, which will boost capacity at the facility by 50 percent and be completed by year end, the head of the company’s Canada unit told Reuters. The expansion at Hardisty, Alberta, will increase loading capacity to three […]Read more "USD Partners moving ahead with Canada crude by rail expansion | Reuters"