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Light, sweet crude oil for both December and January delivery fell more than $1/bbl Nov. 2 to settle under $46/bbl after a weekly US government inventory report for oil and products showed the biggest estimated crude oil weekly gain in more than 30 years that records have been kept.

Two federal officials said that their agencies would like to see higher quality methane emission measurements developed to produce better data. This would help them develop more effective and workable regulations, they explained on Nov. 2 in separate remarks during the Gas Technology Institute’s 2016 Methane Emissions Conference in Alexandria, Va.

Oil and gas lease sales in the Beaufort and Chukchi Seas, the central and western Gulf of Mexico, and parts of the eastern gulf should remain in the 2017-22 US Outer Continental Shelf management plan, three national groups representing businesses, manufacturers, and energy consumers jointly said in a Nov. 3 letter to US President Barack Obama and Interior Sec. Sally Jewell.

An earthquake of 4.5 magnitude was reported Nov. 1 about 9 miles southeast of Pawnee, Okla., said the Oklahoma Corporation Commission Oil & Gas Division.

Federal agencies that regulate oil and gas activity should not rush to impose new requirements before the Obama administration leaves office, two American Petroleum Institute officials said one week before the Nov. 8 elections.


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