Gas tax could come about thanks to low gas prices, infrastructure needs By Rory Carroll SAN FRANCISCO, Feb 8 (Reuters) – U.S. states where there has not been an increase in the gas tax are now discussing a bump and conditions might be ripe for the proposed hikes to win approval in state legislatures, tax experts said […]
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Thousands have opposed Dakota Access Pipeline By Ernest Scheyder and Terray Sylvester HOUSTON/CANNON BALL, N.D., Feb 8 (Reuters) – The leader of a Native American tribe attempting to block the Dakota Access oil pipeline said on Wednesday the Standing Rock Sioux Tribe may have exhausted legal options to stop the project after the company building it won federal
Standing Rock Sioux says running out of options to stop Dakota Access Pipeline Read More »
Brent North Sea field has produced over 3 billion barrels of oil equivalent LONDON, Feb 8 (Reuters) – Royal Dutch Shell has submitted a plan to the British government for dismantling its Brent North Sea production platforms, a turning point for the UK oil industry as operators face the huge challenge of gradually abandoning depleted
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Saudi Aramco protecting market share in Asia SINGAPORE, Feb 8 (Reuters) – Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday. “We are unaffected” by the OPEC cut, one of the sources said. Saudi Aramco could not be
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Saudi Aramco valued at $2 trillion By Alastair Sharp and John Tilak TORONTO, Feb 8 (Reuters) – Toronto Stock Exchange owner TMX Group Ltd said on Wednesday it was pitching the energy-rich bourse to “Saudi officials of significant influence” to bring at least part of the kingdom’s massive Saudi Aramco public listing to Canada. Saudi
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US crude stocks increase by 13.8 million barrels By David Gaffen Feb 8 (Reuters) – US crude stocks surged last week, driven by a big rise in imports and inventory build at the key oil hub at Cushing, Oklahoma, while gasoline drew down unexpectedly, the Energy Information Administration said on Wednesday. Crude inventories were up 13.8
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Oil prices up on smaller-than-expected increase in US crude stocks By Devika Krishna Kumar NEW YORK, Feb 8 (Reuters) – Oil prices rose slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped 4 per cent after a
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Husky Energy shipping one-million barrel cargo this month By Nia Williams CALGARY, Alberta, Feb 7 (Reuters) – Husky Energy has sold its first cargo of crude oil from its offshore Atlantic Canada operations bound for China, a company spokesman said on Tuesday. Spokesman Mel Duvall said the one-million-barrel cargo from Husky’s White Rose field would be
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Dakota Access delayed for months due to protests By Valerie Volcovici and Ernest Scheyder WASHINGTON/HOUSTON, Feb 7 (Reuters) – The U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate activists. In
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Pioneer Natural quarterly loss shrinks on cost cuts, rising oil prices HOUSTON, Feb 7 (Reuters) – U.S. shale oil producer Pioneer Natural Resources Co on Tuesday posted a better-than-expected adjusted quarterly profit helped by cost cuts and rising crude prices. The results reflect the slow-but-steady improvement across the energy sector due to improving commodity prices.
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