Archive for the ‘Government’ Category
Canada nixes controversial-bill overhaul
June 13th, 2019 by Latest News
Industry groups warned of further damage to Canadian oil and gas investment after federal Environment Minister Catherine McKenna rejected most amendments made in the Senate to a bill overhauling environmental review of energy projects.
MARKET: NYMEX oil prices plunge more than $2/bbl
June 13th, 2019 by Latest News
Light, sweet crude oil prices for July and August dropped steeply by more than $2 on July 12 to settle below $52/bbl on the New York market while Brent crude oil also dipped by more than $2 in London to settle under $60/bbl.
The American Fuel & Petrochemical Manufacturers asked a federal appeals court to review the US Environmental Protection Agency’s authorization for gasoline with 15% ethanol (E15) to be sold year-round in the US. AFPM submitted its petition June 11 …
EIA: US crude inventories up 2.2 million bbl
June 12th, 2019 by Latest News
US crude oil inventories for the week ended June 7, excluding the Strategic Petroleum Reserve, increased 2.2 million bbl from the previous week, according to data from the US Energy Information Administration. Separately, the American Petroleum Institu…
MARKET: NYMEX crude oil prices edge up
June 12th, 2019 by Latest News
Crude oil prices gained slightly to hold fairly flat on markets in New York and London June 11. Analysts note that prices are down 20% from April based on concerns about slowing oil demand coupled with rising US production.
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this month’s STEO, EIA reports expecting Brent to remain a…
IEA: UK makes major progress reducing emissions
June 11th, 2019 by Latest News
The UK has made major progress in reducing emissions, according to the International Energy Agency’s latest country review. “The United Kingdom has shown real results in terms of boosting investment in renewables, reducing emissions, and maintaining en…
MARKET: Brent for August drops $1/bbl
June 11th, 2019 by Latest News
Brent crude oil for August delivery dropped by $1 to dip below $63/bbl on June 10 while light, sweet crude oil prices for July and August delivery also dropped moderately but both settled above $53/bbl. Ole Hansen of Saxo Bank said, “Crude oil began th…
The US Environmental Protection Agency issued new guidance on states’ certification authority under Section 401 of the Clean Water Act. The guidance provides recommendations to clarify and streamline the certification process and to promote greater inv…
Devon Energy Corp., Oklahoma City, has set a methane-intensity rate target for its US oil and natural gas production operations of 0.28% or lower by 2025. In 2018, Devon’s methane-intensity rate was estimated at 0.32%, which is pending US Environmental…