Archives for February 2017
NAPE attendance up; Industry recovery ‘aggressive’, speaker says
NAPE, the nation’s premier conference for buying and selling oil and gas land, opened Wednesday at the downtown convention center with a rebound in attendance and renewed hope in the oil field. After a rough...
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Without Clean Power Plan, coal use could rise again
The U.S. Department of Energy expects coal to regain its spot as the nation’s main energy source if the Clean Power Plan is not implemented, which would reverse a trend of natural gas dominance driven...
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Crude oil inventories surge again
The nation’s crude stockpiles jumped again — this time by 9.5 million barrels — as the U.S.’s glut of oil supplies continues to grow. The nearly 1 percent jump in oil inventories follows an even...
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Gasoline prices set to rise in the coming months
Gasoline prices are set to start rising again in the spring and summer to mark the seasonal shift to a busier driving season with more expensive summer-grade fuels. Late February typically marks the time when...
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Market Currents: U.S. Producers feel the love on Valentine’s Day
In honor of Valentine’s Day, oil prices are following the arc of Cupid’s arrow, and heading higher. Although another likely bearish weekly inventory report lies in store tomorrow, production cut expectations carry more influence –...
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