The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
November 6, 2019Search
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Operational Cost of Trucking Up 7.7%, ATRI Report Says
The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute.
November 4, 2019Diesel Dips 0.2¢ to $3.062 a Gallon
The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.
November 4, 2019VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports
About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office.
November 4, 2019Oil Near Six-Week High as US-China Trade Deal Hopes Increase
Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute.
November 4, 2019Keystone Pipeline Shutdown Raises Costs for US Gulf Refiners
The Keystone crude pipeline was shut Oct. 30 after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.
October 31, 2019‘Canada’ Is Becoming a Dirty Word in the Oil Patch
Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
October 31, 2019Trump Push for Corn-Heavy Fuel Isn’t Reaching the Pump
President Donald Trump’s effort to boost corn demand by allowing year-round sales of ethanol-blended gasoline has run into a logistical problem. Few stations offer it.
October 31, 2019Alberta Loosens Oil Output Limits With Railroad Allowances
Alberta took a step toward easing the pain of its crude-production caps by allowing oil companies to exceed output limits if they ship the extra production by rail.
October 31, 2019Report: Saudi Aramco Shares to Start Trading in December
RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway.
October 29, 2019