Trade

Crude Oil , Trade , International , Shale Plays

Oil Pipeline, Producer Standoff Prompts New Call for Texas Shale Curbs

Texas Railroad Commission, the state's energy regulator, will weigh a mandated cut at its next scheduled meeting, said Ryan Sitton, the commissioner who first floated 10% cuts two weeks ago.

March 30, 2020

Crude Oil , Trade , International

Ten Signs the Oil Industry Is Bent Out of Shape

The collapse in demand and of energy diplomacy between Saudi Arabia, Russia and others have triggered unprecedented responses from governments and investors. Here are ten signs of an oil industry in distress.

March 27, 2020

Crude Oil , Trade , Legislation , Storage

Small, Midsize Oil Producers Left Out of Stimulus Bill

The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.

March 26, 2020

Crude Oil , Trade

Trump Admin to Buy Oil Despite Exclusion from Stimulus Bill

Small and midsize oil producers are the focus of the initial purchases. Buyers with fewer than 5,000 employees are eligible to submit proposals.

March 25, 2020

Crude Oil , Trade

Trump Administration Looks to Buy Oil for SPR Out of DOE Budget

The Trump Administration has told energy interests not to worry, that money will be found in the DOE's budget, one of the sources said, though it was unclear how much money could be appropriated.

March 25, 2020

Crude Oil , Trade , International

US-Saudi Alliance One of ‘Many Ideas’ Being Discussed

"I don't know that that's going to be presented in any formal way ... as part of the public policy process," Energy Secretary Dan Brouillette told Bloomberg.

March 24, 2020

Exploration & Production , Crude Oil , Trade , International

US To Send Official To Saudi Arabia As Texas Regulator Suggests Oil Cuts

Texas oil regulator Ryan Sitton said OPEC Secretary-General Mohammad Barkindo was "kind enough to invite me to the next OPEC meeting in June."

March 20, 2020

Exploration & Production , Crude Oil , Trade , Shale Plays

Texas Shale Producers Ask State To Limit Oil Production

The Texas oil and gas regulator, the Texas Railroad Commission, imposed production limits on producers in the 1930s to try to prop up prices and later was a model for the creation of OPEC.

March 20, 2020

Crude Oil , Trade , International , Shale Plays

Opinion: Why Shale Skeptics Are Wrong

While long-time shale skeptics may be broadcasting a “Return to Normalcy” thesis, there is a simpler question for those not anchored to that thesis: Whose side are you on?

March 19, 2020

Crude Oil , Trade , International

US Oil Price Reverses Losses, Posts Largest One-day Gain On Record

Analysts saw the rebound as a brief reprieve, anticipating additional weakness as the coronavirus outbreak takes its toll on global oil demand.

March 19, 2020