Daily Oil & Energy News
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Highlights Policy changes will require rulemaking process White House aims for adoption by next summer Ethanol RINs have plunged 83% since start of year Houston — US President Donald Trump Continue Reading
Oil prices were down Monday morning on reports that the United States could issue waivers for countries to continue importing Iranian crude. Brent prices were down more than 50 cents Continue Reading
U.S. President Donald Trump will seek to lift a federal ban on summer sales of higher-ethanol blends of gasoline on Tuesday, a senior White House official said, delivering on a Continue Reading
US officials have warned China that Donald Trump will not engage in trade talks with Xi Jinping at next month’s G20 summit if Beijing does not produce a detailed list Continue Reading
WASHINGTON — A day after the United Nations issued its most urgent call to arms yet for the world to confront the threat of climate change, President Trump boarded Air Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday that comments and social media posts on Twitter by the U.S. leadership caused confusion on global markets. “The emotional flashes, comments, tweets, Continue Reading
The United States has granted BP and Serica Energy a new license to run a North Sea gas field partly owned by Iran in a rare exemption by U.S. President Continue Reading
This week the State Department accused OPEC of hiding spare capacity exceeding 1.4 million barrels daily. It urged the cartel to use it to stop the oil price rally that Continue Reading
The Trump Administration trade policy is nowhere so clear as in the energy area. For years it was thought that the younger Bush Administration was one of the most energy Continue Reading
On Thursday, the state of California ramped up its challenge to new federal emissions standards pushed by the Trump Administration. A state official said that California is considering a formal Continue Reading
The EIA released the latest edition of their Electric Power Monthly on September 25th, with data for July 2018. The table above shows the percentage contribution of the main fuel Continue Reading
The United States is “in the midst of an internal process” of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said Continue Reading
Saudi Arabia’s crude exports to the United States fell sharply in September as U.S. oil refiners began seasonal maintenance that has allowed crude inventories to rise, data from Refinitiv Eikon Continue Reading
“This is the best job market in a generation or more,” said Andrew Chamberlain, chief economist at recruiting site Glassdoor. Unemployment rates below 4% are extremely rare in 70 years Continue Reading
Working natural gas stocks in the Lower 48 states totaled 2,866 billion cubic feet (Bcf) as of September 28, 2018, which is the lowest working natural gas stocks have been Continue Reading
Baker Hughes reported a dip of two in the oil and gas rig count in the United States this week, bringing the total number of active oil and gas rigs Continue Reading
Highlights Last year saw spike in number of permits issued Drilling efficiencies, DUCs limit need for permitting new wells Houston — Half as many natural gas drilling permits were issued Continue Reading
Weekly US coal production reached an estimated 15.2 million st in the week that ended Saturday, up 1.6% from the prior week and 3.7% from the year-ago week, US Energy Continue Reading
Despite the Trump administration’s own prediction that by the end of this century, the world could warm “a disastrous” 7°F, or about 4°C, above pre-industrial levels, the president has decided Continue Reading
The U.S.-China trade war is battering what was a fast-growing business for U.S. oil producers until a few months ago—U.S. crude oil shipments to China have “totally stopped” in recent Continue Reading
Highlights US commercial crude stocks sharply higher by 7.98 million barrels Crude exports dip to a four-week low 1.72 million b/d Refinery utilization steady at 90.4% as turnarounds ease New Continue Reading
Iran’s oil minister reiterated on Tuesday that U.S. President Donald Trump was responsible for rising oil prices, and warned that the only way to bring balance to the market was Continue Reading
President Donald Trump ‘s tough words for OPEC could have some real teeth if the No Oil Producing and Exporting Cartels Act of 2018 gains momentum. The proposal, being kicked Continue Reading
Kuwait has not sent any crude oil to the United States for at least four weeks, EIA’s weekly petroleum reports for the last four weeks, which also include a weekly Continue Reading
Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up, Continue Reading
U.S. crude oil shipments to China have “totally stopped”, the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world’s two biggest Continue Reading
It isn’t just the fate of the U.S. Congress that is up for grabs, although that is incredibly important. There are also 36 governor’s races, state legislature races, and a Continue Reading
Highlights for second–quarter 2018: U.S. coal production during second–quarter 2018 totaled 180.8 million short tons, which was 3.7% lower than the previous quarter and 3.4% lower than second–quarter 2017. Production Continue Reading
Despite gasoline demand dropping to 9.0 million b/d and inventories growing to 235.7 million bbl, according to the latest Energy Information Administration (EIA) data, the national gas price average has Continue Reading
US oil production average 10.964 million b/d in July, breaking the output record set the previous month when output averaged 10.695 million b/d, the Energy Information Administration said in its Continue Reading
A squeeze on oil demand is looming as a result of the U.S.-China trade war, a senior BP executive told Reuters. Acknowledging the bullish effect of U.S. sanctions on Iran Continue Reading
Chinese energy company Nexen, a unit of CNOOC, is preparing to pull out of the United States amid rising trade tensions, Reuters reports , citing three unnamed sources with knowledge Continue Reading
After frequent rescheduling and downgrading, including a last-minute delay after market close last Friday, September 21, New England’s main natural gas pipeline, Algonquin Gas Transmission (AGT), may finally run their Continue Reading
Crude and Condensate Reserves BOEM remaining C&C reserve estimates for GoM increased by 649 mmbbls for 2016 (i.e. to 31st December 2016). This was 112% reserve replacement and followed a Continue Reading
The decision by OPEC+ to essentially let Brent crude rise above $80 per barrel , a four-year high, was met with outrage by U.S. President Trump. At the UN General Continue Reading
Although gasoline demand has started to slow down the end of the summer driving season, U.S. gasoline prices are bucking the trend and sitting at their highest for this season Continue Reading
Despite political support from the White House, U.S. coal consumption continues to fall, as power producers shutter coal-fired units in favor of cheaper and more flexible natural gas as well Continue Reading
The administration of President Donald Trump is not considering any release from the U.S. emergency oil stockpile to offset the impact of looming Iran sanctions, and will rely on big Continue Reading
“We will ensure prior to the reimposition of our sanctions that we have a well supplied oil market,” the special U.S. envoy for Iran, Brian Hook told the United Nations Continue Reading
Pointe LNG has asked FERC to begin pre-filing review for an LNG project downriver from New Orleans. New Orleans-based Pointe LNG, LLC reported Monday that it has asked the Federal Continue Reading
Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash “worse than the Great Depression,” according to a report in Continue Reading
The Trump administration this March will again offer 78 million acres in the Gulf of Mexico for oil and gas leasing, the Interior Department announced Tuesday. Receive daily email alerts, Continue Reading
Dominion Energy Inc said on Tuesday it does not expect a court decision to stay a federal permit for part of its Atlantic Coast natural gas pipeline to delay construction Continue Reading
The past four years have been a 21st century low point for Western foreign investment in Russia, with sanctions, unlawful trade practices and ceaseless wars in the Greater Middle East Continue Reading
The United States is considering putting more pressure on Nicolas Maduro’s regime in Venezuela, U.S. Secretary of State Mike Pompeo recently said, and some analysts speculate that the increased pressure Continue Reading
When the New York Times earlier this month reported that President Trump had met with Venezuelan military officers unhappy with the country’s government to discuss a coup against Nicolas Maduro, Continue Reading
Washington — The US is preparing actions to pressure the Maduro regime in Venezuela, which analysts said Sunday could include some oil sector sanctions. Receive daily email alerts, subscriber notes Continue Reading
The deputy head of Iran’s Revolutionary Guards warned U.S. and Israeli leaders on Monday to expect a “devastating” response from Tehran, accusing them of involvement in an attack on a Continue Reading
Iranian officials blame Saudi Arabia for training and funding the separatist group. Saudi officials haven’t commented on the attack and didn’t respond to questions seeking comment. Late Saturday, Iran’s foreign Continue Reading