Saturday, August 1, 2026
oil & Gas 360

China Jumps to Number Two Importer of U.S. Crude Oil

China adds oil growth to its number two rank in global LNG imports BY Maritime Executive  U.S. crude oil exports in 2017 were nearly double those of 2016, and China accounted for 202,000 b/d (20 percent) of the 527,000 b/d total increase. As a result, China surpassed the U.K. and the Netherlands to become the second-largest importing destination. However, similar to previous

Oil Dips but Tensions Over Iran, Saudi Nukes Support Crude Price

From Reuters NEW YORK (Reuters) – Oil prices slipped on Monday as Wall Street slid more than 1 percent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave prices some support. Brent crude futures LCOc1 were down 34 cents at $65.87 a barrel by 11:35 a.m. EST (1535 GMT). U.S. West

Public, Government Agencies Divided Over 5,000-Well Oil & Gas Mega-Project in Wyoming

Mega-project could bring Wyoming 8,000 jobs, $28 billion in revenue over 10 years BLM, EPA differ over best handling of environmental aspects Wyoming Washington contingent fully on board From the Casper Star-Tribune Jim Willox knows when industry is picking up in Douglas, a 6,000-head town in the heart of the southern Powder River Basin. It’s the traffic. The drive-thru may