Crude by rail volumes down to four-year low in June By Nia Williams CALGARY, Alberta, Jan 11 (Reuters) – Canadian crude by rail exports to the United States rose 48 per cent in October versus the previous month, National Energy Board data showed on Wednesday, as volumes recovered from a steep slump earlier in the […]
Canadian crude by rail exports climb 48 per cent in October Read More »
OPEC cuts lift Dubai price against Brent, WTI By Florence Tan and Mark Tay SINGAPORE, Jan 11 (Reuters) – European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC cuts in production. Over
As OPEC cuts, traders send European oil volumes to Asia Read More »
Trump accused President Obama of “denying millions of Americans access to the energy wealth sitting under our feet” By Annie Knox and Kim Palmer Jan 11 (Reuters) – President-elect Donald Trump aims to open up federal lands to more energy development, tapping into a long-running and contentious debate over how best to manage America’s remaining wilderness.
Trump taps well of protest with calls for more drilling in national parks Read More »
Tillerson says Russia poses a danger, NATO allies should be alarmed By Patricia Zengerle and Yeganeh Torbati WASHINGTON, Jan 11 (Reuters) – President-elect Donald Trump’s nominee for secretary of state, Rex Tillerson, said on Wednesday he favored maintaining current U.S. sanctions against Russia for now and said NATO allies were right to be alarmed by
Tillerson says supports keeping Russia sanctions, notes Moscow aggression Read More »
Oil prices up, but traders remain cautious By Scott DiSavino NEW YORK, Jan 11 (Reuters) – Oil prices rose for the first time in three days on Wednesday ahead of the U.S. weekly inventory data, following news of Saudi supply cuts to Asia. But, traders said persistent doubt over output reductions and signs of rising shipments
Oil prices rise as Saudi trims Asian exports Read More »
Line 5 facing challenges in Wisconsin, Michigan By Nia Williams CALGARY, Alberta, Jan 11 (Reuters) – Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on Line 5, a major crude oil pipeline, potentially shutting down a conduit that has been in
Enbridge may face tough legal battle to keep Line 5 pipeline running Read More »
US crude inventories up 4.1 million barrels Jan 11 (Reuters) – U.S. inventories of crude and refined oil rose sharply and more than expected last week, with stocks of distillates hitting six-year highs, as crude imports and refining hit record highs, government data showed on Wednesday. Crude inventories rose 4.1 million barrels in the week to
US fuel, crude inventories soar amid record high refining Read More »
Texas rig count as of Jan. 6 was 327, representing 49% of all active rigs in US AUSTIN –The Railroad Commission of Texas issued a total of 1,009 original drilling permits in Dec. 2016 compared to 727 in Dec. 2015. The Dec. total included 909 permits to drill new oil or gas wells, 17 to
Texas drilling, completions statistics for December 2016 Read More »
Russian president Vladimir Putin has said places that allow fracking “no longer have water coming out of their taps but a blackish slime” By Seth Whitehead, EnergyInDepth Largely overlooked in the coverage of last Friday’s release of a report confirming Russia interfered with November’s presidential election is the latest round of evidence showing Russia has
Report: Russia backed anti-fracking propaganda in attempt to undermine U.S. industry Read More »
Potential for further improvement in drilling speed of 20% to 30% in some early-life tight oil plays Wood Mackenzie forecasts the investment cycle will show the first signs of growth in 2017 since 2014 and final investment decisions (FIDs) will double, compared with 2016. “2017 will demonstrate how efficient the oil and gas industry has
New global upstream oil projects to double in 2017 – Wood Mackenzie Read More »
