EIA data show an unexpected weekly climb in U.S. crude supplies Myra P. Saefong The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.4 million barrels for the week ended May 10. Analysts and traders expected a fall of 1.4 million barrels, on average, according to a survey by The Wall Street […]
•U.S. refiners may not have much room to take more lighter oil Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter […]Read more "Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg"
Today’s U.S. Energy Information Administration (EIA) inventories report, due to be released at 14:30 GMT, should set the tone today. Traders are looking for a 1.3 million barrel build. — Read on www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-prices-weaken-after-api-reports-surprise-build-eia-on-tap-571873Read more "Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Surprise Build, EIA on Tap"
Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com — Read on www.nola.com/environment/2019/04/oil-export-terminal-next-to-proposed-mid-barataria-sediment-diversion-gets-states-initial-ok.htmlRead more "Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com"
The Haynesville Shale in northeastern Texas and Louisiana is producing 10.522 billion cubic feet per day of natural gas this month, effectively breaking its 2011 production record — Read on oilprice.com/Energy/Natural-Gas/This-Legendary-Shale-Basin-Just-Broke-Its-2011-Production-Record.htmlRead more "This Legendary Shale Basin Just Broke Its 2011 Production Record | OilPrice.com"
Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/Read more "Why Chevron Bought Anadarko"
The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific… — Read on apnews.com/132936c2afcb4f44bc3eb01f05b9156dRead more "CEO of oil group sees no slowdown in US production"
Oil and gas jobs led the charge for new energy employment in America during 2018. And the good news is that our shale industry is just getting warmed up. — Read on www.forbes.com/sites/judeclemente/2019/03/08/u-s-oil-and-natural-gas-led-for-new-energy-jobs-in-2018/Read more "U.S. Oil And Natural Gas Led For New Energy Jobs in 2018"
The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks,” an Interior Department official said on Wednesday, after months of opposition from coastal state lawmakers opposed to exposing their shorelines to oil and gas exploration. — Read on www.reuters.com/article/us-usa-oil-offshore/trump-administration-offshore-drilling-plan-due-in-coming-weeks-official-idUSKCN1QN2XBRead more "Trump administration offshore drilling plan due ‘in coming weeks’: official | Reuters"
ST. PAUL, Minn. (AP) — Enbridge Energy is delaying the startup of its planned Line 3 replacement crude oil pipeline through northern Minnesota by a year. The Canadian-based company said… — Read on www.apnews.com/7ef9a1ab4c3a4447b56145185cba0e24Read more "Enbridge delays Line 3 pipeline opening in Minnesota by year"