Archives for 2017
U.S. oil exports increased, spread across the globe in 2016, EIA says
U.S. oil exports climbed 12 percent last year even as domestic output dropped, bringing the nation’s overseas shipments to an average of more than half a million barrels a day, the Energy Department said Wednesday....
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Gulf lease sale draws $275 million in winning bids
A federal offshore lease sale in the Gulf of Mexico Wednesday drew $275 million in high bids, exceeding last year’s totals as higher oil and gas prices continue to hopes of a rebound. “Today’s strong...
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Market Currents: U.S. oil imports from OPEC lag this month
Crude is heading lower today after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having a tough time believing that...
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Houston rejects CenterPoint’s proposed gas rate increase
The city of Houston voted on Wednesday to reject a gas utility rate increase proposed by CenterPoint Energy last year. CenterPoint has asked to raise an additional $31 million come from around 1.3 million customers...
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Kinder Morgan announces 430-mile, Permian gas pipeline
Houston’s Kinder Morgan said Wednesday it plans to build a 430-mile natural gas pipeline from West Texas’ Permian Basin to the Corpus Christi region. The project is designed to capitalize off of increasing Permian oil...
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