Archives for April 2017
Market Currents: Strong imports can’t stop crude draw
In today’s game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the crude draw is bullish, but...
Click here 0 3,371
OPEC, Russia to meet on extending output cuts
The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts amid a developing consensus that they should prolong their joint effort to curb supply....
Click here 0 3,508
Growing fuel inventories offset dip in crude stockpiles
Growing inventories of refined fuel offset a big dip in crude oil stockpiles last week. The nation’s supply of commercial crude oil sitting in storage fell by 3.6 million barrels. However, gasoline inventories grew by...
Click here 0 3,456
Trump to set stage for more drilling off California coast
President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive Friday that sets up a certain clash with environmentalists. Trump...
Click here 0 3,135
Commentary: American energy independence should not depend on a foreign fleet
By Capt. John Rockwell As a recently re-employed mariner, I am proud to be in a position to serve my nation and support our pathway to energy independence. Recent actions by the U.S. Customs and...
Click here 0 3,374
