Saturday, May 16, 2026

Fight Brews in Houston’s Port Over Energy Exports

From The Wall Street Journal U.S. energy exporters are wrangling with one of the country’s busiest ports in Houston, saying its recent move to accept larger container ships threatens to constrict the shale boom. The issue has pitted a coalition of oil-and-gas companies—including Enterprise Products Partners EPD +3.60% LP and Kinder Morgan Inc. KMI +2.90% —against global ocean-shipping companies that are sending larger container vessels to Houston, affecting traffic

Permian’s Growth Spurt at Risk of Being Stunted by Oil Collapse

From Bloomberg The biggest American oil field may be about to pump the brakes if crude keeps plunging. Just 10 weeks ago, the Permian Basin was on course to grow almost 1 million barrels a day by the end of 2019, potentially surpassing Iraq, OPEC’s second-largest producer. Now, it may not grow at all, removing a large chunk of expected

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, Oil & Gas 360

Saudis Are Certain That OPEC+ Will Extend Oil Cuts in 2019

From Bloomberg OPEC, Russia and other oil producers will continue to trim production next year to balance the market, according to Saudi Arabian Energy Minister Khalid Al-Falih. “We will meet in April and I’m certain that we will extend it,” Al-Falih told reporters in Riyadh, referring to the next meeting of OPEC+ members to discuss whether to extend the December

Range announces offering of Senior Notes- oil and gas 360- oil and gas 360- oil and gas 360

Rice Brothers Seek EQT Meeting This Week to Pursue CEO’s Ouster

From Bloomberg Rice Energy Inc.’s co-founders told EQT Corp.’s board that they want to discuss replacing the natural gas producer’s chief executive officer, chairman and some of its directors. Toby and Derek Rice, whose energy company was acquired last year by EQT, outlined their plans in a letter to EQT’s board and suggested they meet this week. “We strongly prefer

Illinois Frac Ban

South Sudan Sees $2 Billion in Oil Investments as Just A Start

From Bloomberg Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said. Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form a power-sharing government in the latest bid to end five years of conflict. The

Weekly Oil Storage: Draw Slows

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 497 MBBL last week to 441,457 MBBL from 441,954 MBBL. This is 1% above the 436,491 MBBL that was in storage at this point last year, and is 7% above the five-year