Market Currents: U.S. pulling in more oil imports from North Africa
The wind has been taken out of the sails of today’s crude rally by a super-sized Saudi production number from the monthly OPEC report, in combination with a dubious EIA report (West Coast imports reaching...
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NAPE opens with enthusiastic speakers, light crowds
The North American Prospect Expo, the nation’s premier conference for buying and selling oil and gas land, opened Wednesday in Houston to sparse crowds and sweeping discussions of the changing industry. Hydraulic fracturing, which now...
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U.S. oil inventories still growing, Energy Department says
Now that the busiest parts of the summer driving season are behind us, American refineries are demanding less crude oil so more of it is sitting in storage. With refineries slowing their production levels though,...
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Judge dismisses Jefferson Parish suit against oil companies
NEW ORLEANS — A state judge in Jefferson Parish has dismissed the parish’s litigation against oil companies accused of damaging coastal wetlands. Jefferson is among four coastal parishes making such claims in multiple lawsuits in...
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EIA raises its forecast for 2017 U.S. oil production; futures fall
Oil producers in the U.S. are proving more resistant to low prices, even as global supply is set to fall into a deficit next year. The Energy Information Administration increased its domestic output forecast for...
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