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There's something about the city of New Orleans for those of us fortunate enough to hail from there-whether by birth or via a lineage of now long-turned-to-dust ancestors-that tethers you to it as if by some invisible subterranean root shooting through the land and up into you, no matter where in the world you may be.

Crude oil prices dropped just over $1/bbl on the New York market Oct. 28 for both December and January contracts pending news about efforts by the Organization of Petroleum Exporting Countries toward achieving its proposed production cut.

US crude oil production from tight shale formations could climb quickly as prices recover, but the emphasis likely will be more on short-term onshore projects that are easy to start than on longer-run offshore are-as with greater potential, the International Energy Agency's chief economist said.

The American Petroleum Institute plans to press members of Congress to reform the federal Renewable Fuel Standard when the federal lawmakers return for their 2016 lame-duck session following the Nov. 8 elections, an API official said.

The US Environmental Protection Agency and states should not impose more methane control regulations and guidelines on the domestic oil and gas industry until EPA completes its Oil and Gas Information Collection Request (ICR) and subsequent analyses, an American Petroleum Institute official suggested.


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"The Supreme Court’s acceptance of our petition is a very encouraging sign and provides a clear path forward to res… https://t.co/0gf2Tke8qX