Archives for 2016
Diesel oil spills from grounded rig on Scottish island
The Transocean Winner was being towed when it broke free of its tug and ran aground on the Isle of Lewis on Monday. A British official says thousands of liters (gallons) of diesel have likely...
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Texas oil regulator predicts $60 oil next year
Oil prices will rise to $60 a barrel next year, Texas oil commissioner Ryan Sitton told attendees Wednesday at NAPE, the nation’s expo for buying and selling oil and gas land. Sitton, one of several...
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Market Currents: U.S. pulling in more oil imports from North Africa
The wind has been taken out of the sails of today’s crude rally by a super-sized Saudi production number from the monthly OPEC report, in combination with a dubious EIA report (West Coast imports reaching...
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NAPE opens with enthusiastic speakers, light crowds
The North American Prospect Expo, the nation’s premier conference for buying and selling oil and gas land, opened Wednesday in Houston to sparse crowds and sweeping discussions of the changing industry. Hydraulic fracturing, which now...
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U.S. oil inventories still growing, Energy Department says
Now that the busiest parts of the summer driving season are behind us, American refineries are demanding less crude oil so more of it is sitting in storage. With refineries slowing their production levels though,...
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