An intensifying tropical storm in the U.S. Gulf of Mexico cut more than half the region's oil production, with energy companies evacuating staff from offshore facilities and a coastal refinery.
Ethane falls to the lowest point since Hart Energy began tracking price; oil jumps as Tropical Storm Barry approaches the Louisiana coast.
Appalachia has accounted for 85% of production growth across the U.S., but it still gets overlooked for the Gulf Coast as the set up shop for petrochemicals.
The world is embarking on a low-carbon diet, but does this herald the end of the oil age? It’s complicated.
The Great Energy Transition away from fossil fuels that some claim must happen, and that others say is already underway, is one of the biggest events to unfold in our lifetimes.
Mont Belvieu price sags to a 40-month low as NGL slump continues.
Butane’s free-fall drops it to the lowest point since Hart Energy began tracking NGL prices.
Shell has been trying to sell the Martinez refinery located in Northern California for a least four years, according to a report by Reuters.
Mexican President Andres Manuel Lopez Obrador reiterated on June 2 the need for oil independence as his government said it would tender six construction contracts in June for a planned oil refinery in the southern state of Tabasco.
Geopolitical concerns and recent data would likely drive up the price of oil, but traders are rattled by concerns that a trade war will unhinge the global economy.
