Recently, President Donald J. Trump joined Energy Industry Executives, members of Congress, and Cabinet Officials at the Department of Energy to deliver remarks on unleashing America’s boundless capacity for energy production. “We’re here today to usher in a new American energy policy,” he declared. The President explained that his focus isn’t so much on “energy independence,” but rather dominance. In ...

From budget cuts to oil spills, here is the news from the Texas oil and gas industry this week. Oil spill photos are finally visible to the public Photos taken by the Civil Air Patrol of flood-related oil spills are now available to the public online, rather than requiring a login and password for the University of Texas website. The ...

Oil prices hit a high for the year this week. WTI opened this morning at $45.90 per barrel, almost a five percent week to week gain. Last week the benchmark traded for $43.73 per barrel. Investor expectations were met when the Federal Reserve chose not to increase interest rates this month. In related news, US stocks rise, shaking off tech ...

WASHINGTON — Cheaper oil imports and greater U.S. exports lowered the deficit in the broadest measure of U.S. trade in the April-June quarter. The Commerce Department said Thursday that the current account deficit shrank to $109.7 billion, down from $118.3 billion in the first quarter. The current account tracks not only trade in goods and services but also investment flows. ...

SINGAPORE – Oil prices fell on Thursday morning after major U.S. oil producing state North Dakota posted a surprising output hike and ongoing high stocks were expected to weigh on import and production demand. Despite a slight draw in overall stocks, government data showed that U.S. crude inventories of almost 485 million barrels were still nearly 90 million barrels higher ...

SINGAPORE – Kenya is set to import record volumes of oil products in May as its economy gathers steam, soaking up some of Asia’s excess supply and helping put a floor under refining margins. Industrial expansion and a growing fleet of automobiles in a region that lacks refining capacity have stoked East African appetite for oil product imports, with relatively ...

For oil lush states like North Dakota and Texas, folks are living the dream of the 20th century, still believing of an energy independent state without any acceptance to the obvious future of clean energy. But, not all states in the union are looking to the old ways of the past and are pushing themselves to meet the standards of ...

A recent Wood Mackenzie report is setting a date for American energy independence. Thanks to trends of high production and stabling demand, 2025 is expected to be the first year since 1952 that the U.S. will export more energy products than it imports. Rigzone.com reports: A country can achieve energy independence through two channels,” said James Brick, senior analyst with Wood ...

HOUSTON/CARACAS (Reuters) – Venezuela’s shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former President Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout. Total shipments under cooperation deals with Latin American and Caribbean countries dropped 11 percent ...

Zachary Toliver | Shale Plays Media According to The Wall Street Journal today, a U.S. court has ordered U.S. Marshals to seize a $100 million cargo of Kurdish oil on a tanker off the coast of Galveston, Texas, if it is brought ashore. In a complaint filed yesterday, the Iraqi Ministry of Oil accused the Kurdistan Regional Government of illegally ...