Archives for 2017
Oklahoma task force seeks to reduce earthquakes and reuse wastewater
As a part of a state initiative to address a future water shortage, the Oklahoma Water Resources Board released a report on Thursday offering solutions to Oklahoma’s newfound earthquake problem: instead of injecting wastewater from...
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BP finds hidden trove of oil in Gulf of Mexico via new subsea imaging
British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had...
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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...
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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....
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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...
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