The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB
Oil & Gas Journal Archive
- Senators want US to use all options to oppose Nord Stream 2 pipeline
- API: US petroleum demand in February hit 20.3 million b/d
- IEA raises global oil demand estimate for 2018
- Porges named interim EQT president, CEO
- MARKET WATCH: NYMEX holds under $61/bbl on forecasts of higher shale production
- Pioneer to restart Texas field shut by fire
- Court rejects NYSDEC’s appeal of FERC’s Valley Lateral ruling
- Pruitt issues guidance clarifying NSR evaluations
- US sanctions on Venezuela could backfire, speakers warn at forum
- OPEC forecasts rising non-OPEC oil supply, especially US oil production
- EIA: US crude oil inventories up 5 million bbl
- MARKET WATCH: NYMEX crude oil settles under $61/bbl on US Cabinet shifts
- Trump fires Tillerson as secretary of State, names Pompeo as successor
- Woodside enters into deal to operate Scarborough gas field
- Eni strikes deals for concessions off Abu Dhabi
The US should move more quickly to expand its liquefied natural gas exports not only to reap significant domestic energy and economic benefits, but also to improve its geopolitical influence overseas by helping countries diversify their gas supply sources, speakers recommended in two separate Washington forums.
North Sea Brent crude oil price averaged $65/bbl in February, a decrease of $4/bbl from January. The US Energy Information Administration expects prices to decline gradually, averaging $60/bbl in the second half of this year, according to its most recent Short-Term Energy Outlook.
Light, sweet oil prices rose only slightly Mar. 6 to settle at $62.60/bbl on a second forecast this week of increasing US production. The US Energy Information Administration raised its oil production estimate for 2018 on Mar. 6, which analysts said made for bearish fundamentals.
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl for the week ended Mar. 2 vs. the previous week, the US Energy Information Administration said.
Eight US oil and gas trade association leaders jointly urged President Donald Trump to at least allow exemptions for energy projects’ materials if he moves ahead with imposing a tariff on imported steel.