U.S.

  • Natural Gas
    U.S. Gas and Oil Industry Looks Back at The Year 2019

    U.S. Gas and Oil Industry Looks Back at The Year 2019

    The parents at Enverus (previously DrillingInfo) distributed an attention-grabbing evaluation not too long ago that reveals an amazing deal concerning the story of the home U.S. oil and fuel business for 2019. It tells a narrative of an increasingly two-tiered enterprise phase through which the relative monetary well being of every firm is pushed largely by its capacity to both…

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  • News
    U.S. Oil Production Is Reaching a Success

    U.S. Oil Production Is Reaching a Success

    In an interview with CNBC at the beginning of 2018, Continental Petroleum CEO Harold Hamm stated the US might be an internet exporter of crude oil and petroleum merchandise by 2020. It appears Hamm was proper. The U.S. Energy Info Administration stated last week that, primarily based on preliminary knowledge and mannequin estimates, America exported 140,000 extra barrels per day…

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  • Crude Oil
    Alberta Oil Curtailments May End This Year

    Alberta Oil Curtailments May End This Year

    The premier of Alberta, Canada’s high oil-producing province, mentioned Wednesday that the top of an authorities-imposed curtailment on oil manufacturing might come sooner than its December 2020 sundown date. “We hope it is going to finish by this time next year at the newest,” Premier Jason Kenney instructed Reuters throughout an interview in Houston, the place he met with executives…

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  • Natural Gas
    UK's Temporary Banning of Natural Gas Fracking Can Change U.S. Policy

    UK’s Temporary Banning of Natural Gas Fracking Can Change U.S. Policy

    The UK’s conservative authorities have issued a brief ban on shale fuel manufacturing, forcing the remainder of the world to take discover. Whereas the UK’s leaders have supported such improvement, its vitality division now has reservations as a result of it worries that “fracking” might result in tremors. In the US, natural gas has developed into the trail of least…

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  • Crude Oil
    Venezuela Accused of Exporting Millions of Oil Barrels Secretly

    Venezuela Accused of Exporting Millions of Oil Barrels Secretly

    The Dragon, a large oil tanker flying the Liberian flag, is meant to be floating someplace off the coast of France, based on its final GPS sign. As a substitute, it’s presently 1000’s of miles away in Venezuela the place, beneath contract for the Russian state-oil large Rosneft Oil Co. PJSC, it filled 2 million barrels of oil, in line…

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  • Natural Gas
    Electrification Can Produce More Natural Gas

    Electrification Can Produce More Natural Gas

    For environmental causes, there’s an ongoing push to “electrify the whole lot,” from automobiles to port operations to heating. The thought is that “deep electrification” will assist decrease greenhouse gasoline emissions and fight climate change. The fact, nevertheless, is that extra electrification will surge the necessity for electrical energy, an apparent undeniable fact that appears to be getting forgotten. The…

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  • News
    Trump's Decision to Keep Syria's Oil Can Be Problematic

    Trump’s Decision to Keep Syria’s Oil Can Be Problematic

    The U.S. armored automobiles headed east, Stars, and Stripes are flapping within the wind because it lumbered towards its obvious vacation spot — the oil fields of Rumeilan, in Syria’s far northeast. There, pump jacks line either side of the highway, churning up and down. Smoke from small refineries rises into the sky and fires shoot from pure gas retailers.…

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  • Crude Oil
    Gulf of Mexico Is Setting Crude Oil Records for 2020

    Gulf of Mexico Is Setting Crude Oil Records for 2020

    U.S. crude oil manufacturing within the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 MMbpd in 2018, setting a brand new annual report. The U.S. Energy Information Administration (EIA) expects oil manufacturing within the GOM to set new manufacturing information in 2019 and in 2020, even after accounting for shut-ins associated to Hurricane Barry in July 2019 and together with…

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  • Natural Gas
    The U.S. Natural Gas Prices Dropping and Demand On Record

    The U.S. Natural Gas Prices Dropping and Demand On Record

    U.S. gasoline futures this week collapsed to 3-year low, while spot prices were on track to post their weakest summer in over 20 years. In different markets, such lackluster pricing would trigger investment to retrench and supply to contract. However, gas production is at a report excessive and expected to continue to grow. Demand is rising as power generators shut coal…

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  • Crude Oil
    Amid Trade Worries On Prices Fell

    Amid Trade Worries On Prices Fell

    On Friday Oil prices fell, amid fears over demand as the U.S. China trade row casts its shadow over markets, though prices obtained some support from expectations of more OPEC production cuts. International benchmark Brent crude futures, were at $57.20 a barrel by 0324 GMT, down 18 cents, or 0.3%, from their earlier settlement. Global financial markets have been rocked over…

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