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Oil

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. Read more

, , , Natural Gas/LNG

China and the United States have agreed in the past two weeks to cancel tariffs in different phases. Read more

Commodities

The last time prices reached $4/gal was in May 2019, which was a result of planned and unplanned refinery outages in California. Read more

Natural Gas/LNG

Cleanup crews in Walsh County, North Dakota, are working to plug the Keystone pipeline after a 9,000-barrel oil leak this week, a state official said Friday, while crude shippers are searching for alternative means of getting needed supply. Read more

Pipeline/Transportation

Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. Read more

Commodities

U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year – and further job losses are likely in the next few months as the rate of well drilling declines further. Read more

Drilling & Exploration

Lee College Economic Alliance event in Pasadena 2017

©Kim Christensen

The second half of 2019 and most of 2020 will be robust but volatile for Texas oil and gas producers Read more

Regulations

The style of attack used against oil plants in Saudi Arabia that knocked out half of the country’s production on Saturday is unlikely to be a risk in the United States. Read more

Health, Safety & Environmental

Equinor is progressing oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. An onshore team has started to recover oil and move it into tank storage. Read more

Health, Safety & Environmental

Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world’s top exporter. Read more

Commodities

The United States re-imposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between Tehran and six world powers. Read more

Commodities

The U.S. Energy Information Administration (EIA) expects refinery runs to decline and average 17.0 million b/d in 2019. Read more

Refining & Petrochemical Processing

Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the US and China, while BP dominates among the majors Read more

Commodities

A newly released analysis found a "major overestimation" of methane emissions from oil and natural gas operations in the U.S. Read more

Health, Safety & Environmental

Petroleum, which consists of crude oil and refined products such as gasoline, diesel, and propane, is the largest primary source of energy consumed in the United States. Read more

Pipeline/Transportation

Oil prices rose more than 2% on Friday, regaining some ground after their biggest falls in years. Read more

Commodities

Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the North Sea. Read more

Offshore & Marine

OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Read more

Commodities

JXTG Holdings, Japan’s biggest oil refiner, said on Tuesday it plans to close a 115,000 barrel per day (bpd) Osaka refinery that it owns with PetroChina next year, amid falling demand for crude products in Japan. Read more

Plant Management & Operations

In its July 2019 edition of the Short-Term Energy Outlook (STEO), EIA forecasts that global liquid fuels consumption, which averaged 99.9 million barrels/day (b/d) in 2018, will grow by 1.1 million b/d in 2019 and by 1.4 million b/d in 2020. Read more

Commodities

Oil prices eased off early gains on Thursday as OPEC forecast slower demand for its crude next year, but crude futures hovered at near the highest in more than a month as oil rigs in the Gulf of Mexico were evacuated ahead of a storm. Read more

Commodities

  • Oil product tanker is proceeding through Suez Canal.

    Anatoly_Menzhiliy

    Oil product tanker is proceeding through Suez Canal.

    Big oil product tanker is proceeding through Suez Canal.

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