US News

Source: World Oil

IPAA: Biden fails to recognize importance of U.S. oil and gas in State of the Union address

World Oil


(WO) – In response to President Joe Biden’s comments on climate and oil and gas in his State of the Union address on Thursday night, Jeff Eshelman, President & CEO of the Independent Petroleum Association of America (IPAA) …

Source: Oil Price

Xcel Energy may have triggered wildfires in Texas

Oil Price


Xcel Energy’s facilities in Texas may have been the cause of a spree of wildfires that ripped through the state.

Excel, based in Minneapolis, an electric utility and natural gas delivery company, said it very well may be …

Source: Reuters

EXCLUSIVE-Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

Nasdaq


LONDON – Gulf oil giants Saudi Aramco 2222.SE and Abu Dhabi National Oil Company (ADNOC) ADNOC.UL are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar …

Source: Reuters

U.S. Northeast gasoline reserve could be sold off

Oil Price


The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says.

Under the draft text of the bill, “the Secretary of …

Source: Oil Price

Raging wildfire threatens Texas oil rigs, refinery

Oil Price


Texas Panhandle oil refineries and cattle ranches remain under critical threat as wildfires continue to spread, now consuming 500,000 acres after having prompted the temporary evacuation of the United States’ primary nuclear weapons assembly plant.

Earlier on Wednesday, …

API: New poll shows “widespread” concern over Washington’s energy policy

API: New poll shows “widespread” concern over Washington’s energy policy

World Oil


(WO) – The American Petroleum Institute (API) released a new national poll conducted by Ipsos demonstrating widespread concern over Washington’s approach on energy policy.

Two out of three American voters say the country is on the wrong track …

Source: Reuters

Tumbling US natural gas prices prove unstoppable, hurting producers

Nasdaq


BRIDGEPORT, Texas – For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.…

Source: Reuters

Exclusive: Biden administration to approve E15 gasoline expansion starting in 2025, sources say

Nasdaq


The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said.…

Source: Reuters

US House to vote on bill to reverse Biden’s LNG pause

US News


WASHINGTON – The U.S. House was expected to vote on Thursday on a bill that attempts to strip the power of President Joe Biden’s administration to freeze approvals of liquefied natural gas exports.

If it passes the Republican-controlled

U.S. shale production to grow at “slower pace” in March 2024

U.S. shale production to grow at “slower pace” in March 2024

World Oil


(Bloomberg) – Oil production from the U.S. shale patch is expected to grow at a slower pace next month after a speed bump late last year knocked output off its record level.

Combined crude production from the seven …

Source: World Oil

IPAA joins 25 oil and gas associations urging action on “unfair, unworkable, uneconomic” methane regulations

World Oil


(WO) – On Friday, the Independent Petroleum Association (IPAA) and 25 other state, regional and national oil and gas associations wrote to congressional leadership urging action on methane regulations that could have a detrimental impact on our nation’s …

Will U.S. oil boom keep booming?

Will U.S. oil boom keep booming?

Oil Price


When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices had retreated.

Even as the war spread and …

Source: Reuters

ANALYSIS-California and Big Oil are splitting after century-long affair

Nasdaq


It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change.

California’s oil output a century ago amounted to it being …

Source: Reuters

Traders turn bearish on U.S. oil

Oil Price


Traders are selling West Texas Intermediate futures in anticipation of further strong production growth. As a result, prices are weakening further despite the uncertainty of such an outlook.

In fact, expectations from the industry and the EIA are …

Security concerns in Red Sea boost U.S. oil appeal

Security concerns in Red Sea boost U.S. oil appeal

Oil Price


Oil production in the Permian Basin this year is set to grow more slowly than in 2023, industry executives with operations in the area have signaled.

The outlook for the Permian may be somewhat surprising after the strong …

Source: Reuters

Oil falls on massive US fuel inventory builds

Yahoo Finance


(Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw.

Brent crude fell by $1.57, or 2%, to $79.01 a barrel by …

Source: World Oil

Block Energy progresses with development strategy in Georgia

World Oil


(WO) — Block Energy Plc, the development and production company focused on Georgia, is pleased to provide the following corporate update. The company’s four-part project strategy is evolving to accelerate the significant commercial opportunity offered by Project III, …

Source: Reuters

US Gulf of Mexico oil auction is largest since 2015

Nasdaq


New throughout, adds sale results, statements from oil industry and environmental group

(Reuters) -A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to …

Source: Reuters

U.S. launches Red Sea force as ships reroute to avoid attacks

US News


MANAMA/DUBAI – The United States on Tuesday launched a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni militants forced major shipping companies to reroute, fueling concern over sustained disruptions to global trade.…

Source: World Oil

API calls on Biden administration to remove barriers to energy production in Alaska

World Oil


The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A).

In …

Source: World Oil

Texas commissioner slams Biden’s “onerous” methane rules that increase oil, gas prices

World Oil


AUSTIN – Railroad Commissioner Wayne Christian issued a statement regarding new onerous methane rules proposed by the Biden administration’s Environmental Protection Agency (EPA).

 

“While costs for hard-working Americans are up nearly $11,000 this year everywhere from the …

API: U.S. energy leadership strengthens national security, advances innovation

API: U.S. energy leadership strengthens national security, advances innovation

World Oil


WASHINGTON, November 29, 2023 – American Petroleum Institute (API) Executive Vice President and Chief Advocacy Officer Amanda Eversole testified before a U.S. House Committee on Energy and Commerce subcommittee, highlighting the critical role of American energy leadership in …

Source: Yahoo Finance

US Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico

Yahoo Finance


The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a …

November 21, 2023 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, US News
Source: Reuters

U.S. natural gas futures hold at 3 month low on milder weather forecasts

Nasdaq


U.S. natural gas futures on Tuesday held near a three-month low on near record output and forecasts for continued milder-than-normal weather that will allow utilities to keep injecting more gas into storage than usual in coming weeks.

Recent drops …

Commodities 2021: Alaska’s North Slope operators on track with two projects

Commodities 2021: Alaska’s North Slope operators on track with two projects

S&P

Anchorage — Despite a lackluster outlook for crude oil prices, North Slope operators are on track with two major projects in 2021 that could add 200,000 b/d of new production moving through the Trans Alaska Pipeline System by 2025.…

December 30, 2020 - 12:10 pm Closing Bell Story‎, Commodity Pricing, Crude Oil News, US News
The Pecos River flows outside Carlsbad, N.M. The river is at the center of a dispute between New Mexico and Texas that the Supreme Court will hear.
Photographer: Steven St John/Bloomberg via Getty Images

Supreme Court Environmental Cases Could Stretch to Climate, Coal

Bloomberg Law


The U.S. Supreme Court launches its new term with a light environmental docket and a heavy air of uncertainty, with a nomination battle raging and a global pandemic continuing to disrupt the institution’s normal order.

The court sits

September 29, 2020 - 2:07 pm Climate Change, Coal News, Law, US News
U.S, Shale Recovery Leans On Huge Inventory Of DUCs

U.S, Shale Recovery Leans On Huge Inventory Of DUCs

Rystad


The recovery of fracking operations in the US is happening largely thanks to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to sustain the current level of fracking without the industry adding more …

Trump Administration Finalizes Weakening of Obama-Era Rule Aimed at Reducing Coal Plant Pollution

Trump Administration Finalizes Weakening of Obama-Era Rule Aimed at Reducing Coal Plant Pollution

AP News   Follow | Monday, 31 August 2020 20:26  (EST) …

September 1, 2020 - 6:24 am Coal News, Energy News, Industry Insights, Press Releases, US News
More energy is used per person for transportation in states with low population density

More energy is used per person for transportation in states with low population density

EIA


Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? 

According to the latest data estimates in …

Source: Reuters

US crude exports fell in June, China top buyer – India second, and Canada rounds out 3rd

Argus


Houston, 5 August (Argus) — US crude exports in June fell for the fourth straight month as efforts to combat the Covid-19 pandemic slashed global demand. China was the top buyer.

Total US crude exports averaged 2.75mn b/d in …

August 5, 2020 - 1:30 pm China, Crude Oil News, Energy News, International, US News