NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]Read more "Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters"
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency lifted its annual blending mandate for advanced biofuels by 15 percent for 2019, while keeping steady the requirement for conventional biofuels like corn-based ethanol, according to an agency document seen by Reuters on Thursday. The mandate includes 4.92 billion gallons for advanced biofuels that can be made […]Read more "Exclusive: EPA lifts advanced biofuel mandate for 2019 – document | Reuters"
The U.S. recently became the world’s biggest producer of crude oil. The ongoing oil boom has transformed Great Plains towns like Watford City, North Dakota. — Read on www.npr.org/2018/11/23/669198912/after-struggles-north-dakota-grows-into-its-ongoing-oil-boomRead more "After Struggles, North Dakota Grows Into Its Ongoing Oil Boom : NPR"
Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.phpRead more "Continued consolidation expected in Permian – Midland Reporter-Telegram"
The United States could become a net exporter of petroleum in less than five years, the first time the country would achieve such a feat since at least 1949, according to a new report. The shift from importer to exporter is driven by the surge in U.S. oil production that has followed the unlocking of […]Read more "U.S. could become net exporter of petroleum by 2022 – ExpressNews.com"
Leading House Democrats, weeks away from taking over the majority in the lower chamber, are demanding records and information from the Trump administration’s rollbacks of numerous climate change policies at the Environmental Protection Agency (EPA — Read on thehill.com/policy/energy-environment/417615-house-dems-probe-trumps-climate-rollbacksRead more "House Dems demand records on Trump’s climate rollbacks | TheHill"
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. — Read on www.reuters.com/article/usa-crude-pipelines/u-s-pipeline-operators-reap-hefty-profits-from-bottlenecks-in-texas-idUSL2N1XI2E3Read more "U.S. pipeline operators reap hefty profits from bottlenecks in Texas | Reuters"
LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and […]Read more "Digitalization can save oil upstream business $73 billion a year: Woodmac | Reuters"
The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"
Anadarko Petroleum said Thursday it will sell its remaining pipeline assets for $4 billion to its decade-old pipeline spinoff Western Gas Partners. The Woodlands-based oil and gas producer said it is moving all of its remaining pipeline systems – primarily in West Texas’ Permian Basin and in Colorado – to Western Gas. The deal is […]Read more "Anadarko sells pipelines for $4B to merged Western Gas spinoff – Houston Chronicle"