News
Drilling applications backing up at Bureau of Land Management
President Donald Trump’s pledge to open oil and gas drilling on federal lands has hit a bureaucratic log jam. More than 3,000 applications for drilling permits are awaiting review at the Bureau of Land Management,...
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Market Currents: Russian crude flows to U.S. continue
Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the...
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Conoco investors reject exec pay in advisory vote
Investors rejected a compensation plan for ConocoPhillips’ top executives in an advisory vote on Monday, signaling disapproval in the company’s pay levels last year. Sixty-eight percent of the Houston oil company’s shareholders voted against or...
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Canadian crude boom could send more oil to Gulf Coast refineries
Gulf Coast refineries may soon see a boost in crude volumes arriving at their doorstep, as Canadian oil sands production finally ramps up, Chicago investment research firm Morningstar said in a report released Tuesday. Production...
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IEA sees oil market rebalance but warns of Libya, Nigeria surge
U.S. shale drillers aren’t the only ones threatening to offset OPEC’s oil production cuts. Signs of a resurgence of oil production in Libya and Nigeria, both OPEC members, has the potential to dampen the cartel’s...
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