Wednesday, February 20, 2019

Us Energy Department News

US Working on Arctic Oil Leases Despite Shutdown

(Image: Alaska BLM)

Even as a partial shutdown halts the functions of many U.S. government departments, forcing the Department of the Interior to close national parks, the Trump administration…

BP Launches $3 Bln Sale of US Onshore Assets

(File photo: BP)

Britain's BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP…

Oil Rises as Fuel Drawdown Sparks Rebound

File Image / Adobestock © mikesjc

Saudi assurance on oil supplies, economic worries weigh as two China state refiners to skip Iran oil bookings for November. Oil prices jumped on Wednesday, rebounding after…

Oil Prices Fall Ahead of U.S. Crude Stocks Data

© Robert Coy / Adobe Stock

Oil prices fell on Wednesday after three days of gains as markets awaited key U.S. inventory data expected to show a build in U.S. crude stockpiles.Brent crude was down 65 cents at $80.76 a barrel by 1325 GMT…

Saudi Refinery Exports First Gasoline Barrels to U.S.

A refinery in Saudi Arabia has shipped its RBOB gasoline to the United States for the first time, a potential precursor for more deliveries to a region where prices are…

Oil Prices Slip On Expectations of Higher Supply

© zhu difeng / Adobe Stock

Oil prices fell on Wednesday on increasing signs that Saudi Arabia and other big crude producers may raise supply to balance a surge in demand during the peak U.S. summer…

Oil Rises as Korea Talks Boost Confidence

File Image (CREDIT: AdobeStock / (c) scanrail)

IEA sees strong global oil demand growth to 2023. Oil rose on Tuesday, paring earlier losses after South Korea said it would hold a summit with North Korea for the first time in more than a decade…

Texas Flood: U.S. Oil Pours into Global Markets

File Image (CREDIT: AdobeStock / (c) Jose Gill)

United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports…

US Could Get First LNG Import from Russia despite Sanctions

Christopher De Margerie (Photo: SCF Group)

A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions against the company that operates the Russian facility…

Oil Prices Buoyed by Strong U.S. Refinery Runs, China Data

File Image (CREDIT: AdobeStock / (c) Leeylutung)

Brent, WTI crude dip but stay near mid-2015 highs; U.S. stocks fall 4.6 mln bbls, refining surges - EIA. Oil prices dipped on Thursday but stayed close to their highest in 2-1/2 years…

Rising US Output Weighs on Oil Prices

Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. U.S.

Oil Climbs on Iraqi Kurdistan Tensions

File Image (CREDIT: AdobeStock / (c) scanrail)

Turkey says will deal only with Iraq on crude exports as oil flows from Iraqi Kurdistan to Turkey despite threats. Oil prices rose on Thursday, spurred by rising tension…

Fuel Shortages from Harvey to Hamper Labor Day Travel

File Image (CREDIT: AdobeStock / (c) Hanmaomin)

Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country's biggest fuel pipelines…

US DoE Releases 500 mb from SPR

File Image (CREDIT: AdobeStock / (c) mikesjc)

The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the…

Cheniere Energy to Open China Office

File Image: a large LNG carrier at sea. (CREDIT: QGTC)

U.S. natural gas exporter Cheniere Energy Inc is setting up an office in Beijing to help it clinch long-term supply deals with Chinese buyers, four industry sources said.

Sierra Club sues US Energy Department

Environmental group the Sierra Club sued the U.S. Energy Department on Monday in hopes of forcing it to reveal the groups it has consulted in conducting an eagerly awaited study on the electricity grid.

Canadian Heavy Crude Plugs Market Gaps

Canada's struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output…

U.S. Coal Exports Soar, Revived in Part by New Energy Policy

File Image: CREDIT Inland Marine

U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President…

Oil Climbs as Demand Absorbs Glut

File Image (CREDIT: AdobeStock / (c) Shamtor)

OPEC-shale "tug of war" keeps market fairly range-bound. Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders…

US Shale Oil Output up for 8th Month at 5.6 Mln BPD -EIA

© Roberto Giobbi / Adobe Stock

U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day (bpd) to 5.585 million bpd in August, the U.S. Energy Department said in a report on Monday.