Archives for June 2017
After storms, fights and months of delay, the Dakota Access Pipeline finally opens
Dallas pipeline giant Energy Transfer Partners announced on Thursday that, after crippling winter storms, heated protests and months of delay, it is shipping crude oil on the Dakota Access Pipeline. The 1,200-mile pipeline connects the...
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Trump: U.S. to exit Paris climate pact but open to new deal
President Donald Trump made it official Thursday: He will remove the United States from the Paris agreement on climate change. “The United States will withdraw from the Paris climate accord,” he said, adding he was...
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Occidental Petroleum picks Cedric Burgher, an EOG veep, as new CFO
Houston-based Occidental Petroleum Corp. has tapped EOG Resources senior vice president Cedric W. Burgher as its new chief financial officer. Burgher led investor relations and reported directly to the chief executive at EOG. He replaces...
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Crude inventories dive again
Crude oil inventories again fell significantly, draining U.S. stockpiles by more than 10 million barrels over the past two weeks, the Energy Department reported Wednesday. RELATED: The nation’s crude oil glut continues to shrink Commercial crude...
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EIA’s monthly U.S. oil estimate lags weekly data
Oil production in the United States has climbed by 318,000 barrels a day since OPEC began cutting its output this year, new monthly data show. But it may not be coming in as fast as...
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