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US Oil Output Slide Looms as Shale Firms Hit Productivity Wall

October 22, 2015

Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets. Over the 16 months of the crude price rout, production from new wells drilled by each rig has… Continue Reading »

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House Passes Bill Axing US Oil Export Ban, Veto Looms

October 12, 2015

A bill to repeal the U.S. oil export ban passed the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama. The bill sponsored by Representative Joe Barton, a Texas Republican, passed the House 261 to 159, failing to reach the 290 votes necessary to overturn a… Continue Reading »

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Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain

October 4, 2015

A bill to lift the 40-year-old ban on U.S. oil exports passed the Senate Banking Committee on Thursday, but the future of the measure is uncertain in the full chamber, after a controversial amendment was added to it. The bill, sponsored by Senator Heidi Heitkamp a Democrat from oil-producing North Dakota, passed 13 to 9…. Continue Reading »

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Energy Companies In New York Prepare For Hurricane Joaquin

October 3, 2015

U.S. energy companies prepared for the arrival of Hurricane Joaquin in the New York area Tuesday, as forecasts suggested the storm would head up the U.S. East Coast, following a course similar to Hurricane Sandy in 2012. With the storm currently battering the Bahamas and days away from the United States, New York-area energy firms… Continue Reading »

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US Crude Up On Wall Street, Gasoline Rally; Brent Premium Narrows

September 18, 2015

U.S. crude settled up more than 1 percent on Tuesday, buoyed by gains on Wall Street and higher gasoline prices, while Brent oil advanced less ahead of the expiry of its front-month contract, narrowing the transatlantic spread to the lowest in eight months. U.S. crude rallied almost through the day, rising 2 percent at one… Continue Reading »

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Congress Likely to Repeal Oil Export Ban in 2016, Evercore Says

August 25, 2015

Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI. A move to end the ban would probably include a condition that allows the administration of President Barack Obama to set export levels, Evercore analyst Terry Haines said… Continue Reading »

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New regs for Monday: Commercial diving, cell towers, railroad records

August 24, 2015

In Monday’s edition of the Federal Register, the Coast Guard gives the public more time to comment on new safety standards for commercial divers, there’s a request for the public to comment on the Federal Communications Commission’s plan to review what impact new wireless infrastructure will have on historic properties, and new rules from the… Continue Reading »

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US September Crude Up Eyeing Hurricane As Expirations Near

August 23, 2015

U.S. crude prices extended gains and Brent briefly turned higher on Thursday as the first hurricane of the 2015 Atlantic season sparked concern as the front-month September contract approached expiration. Danny reached hurricane strength on Thursday, though it was relatively small and projected to weaken back into a tropical storm before reaching Puerto Rico on… Continue Reading »

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