Archives for 2019
Oil inventories plunge although U.S. crude output hits new record
The nation’s commercial crude stocks plunged by 10 million barrels last week, although the federal government estimates the U.S. is pumping out a new record high of 12.5 million barrels of oil a day. Source:...
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Galveston company enters race to supply IMO 2020 fuels
With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new...
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Overlooked in Democrats’ climate debate: Any plan must get past Republicans
Democratic presidential candidates are jousting over who best can save the planet. But even if one of them wins the White House, the Senate would threaten to scuttle any action to ease the effects of...
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BP's Alaska exit is a sign of oil's times [Opinion]
There goes the other pipeline. Back in the day, BP Plc was sometimes dismissed as a “two-pipelines company.” This referred to two of its biggest positions: The Forties field and pipeline system in the North Sea...
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Alaska is the biggest bet yet for Texas’s anti-shale oil billionaire
Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, he’s making his biggest bet yet — Alaska — just as shale producers run out of...
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