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MANSFIELD, S.D. (AP) — Jared Bossly was planting soybeans one spring night in 2023 on his 2,000-acre farm in South Dakota when he spotted a sheriff’s vehicle parked at the corner of his property. He had a hunch it wasn’t a social visit. “I’m like, ‘Well, I doubt he’s just being a friendly neighbor, giving …
*Light US crude requires a different configuration at refineries *Changing refinery setup can be a lengthy and expensive process *Running different crude types impacts refinery yields, margin By Arathy Somasekhar U.S. refiners are not planning to make big-ticket investments to process more domestic crude and less oil from top suppliers Canada and Mexico, industry sources …
US Refiners UNLIKELY to Spend Big to Process More Domestic Oil Read More »
Oh…Happy Liberation Week! I think I finally understand what Liberation Day stood for. The liberation of all of my savings from me. Hooray! I didn’t want it anyway… Now, on to our regularly scheduled programming. Yesterday the API reported that crude oil and refined products both saw a net draw on stock levels, showing a …
US Crude Oil and Refined Product Inventory Update – William Lacey Read More »
(Reuters) – U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.6 million barrels to 442.3 million barrels in the week ended April 4, the EIA said, compared …
US Crude Stockpiles Rise as Exports Hit Jan Lows, EIA Data Shows Read More »
(Reuters) – A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share buybacks and capital expenditures, analysts have said. Brent crude and West Texas Intermediate (WTI) futures slid to their …
US Producers Face Tough Choices on Growth, Capital Returns as Oil Falls Below $60 Read More »
Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. In January, APA said it reduced production by about 23,500 barrels of oil …
APA Curtails US Natgas and NGL Production in First Quarter on Weak Prices Read More »
*Chevron’s triple-frac cuts well completion time by 25% *Technique reduces costs per well by 12% *Triple-frac requires 60% more water and sand per day By Sheila Dang2 HOUSTON, April 9 – U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a …
Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time Read More »
By Georgina Mccartney Oil prices settle down more than $1 a barrel Downside risks remain as US, China escalate tariff conflict Goldman Sachs says Brent, WTI could hit $62 and $58, respectively, by December 2025 Trump says US and Iran will hold nuclear talks in Oman HOUSTON, April 8 (Reuters) – Oil prices settled down …
Oil Settles Down $1 at Four-Year Low as US-China Trade War Escalates Read More »
By Jarrett Renshaw, Timothy Gardner and Trevor Hunnicutt US power demand rising from artificial intelligence Coal’s share of power generation less than 20% from 50% in 2000 Orders to direct coal leasing plans on US lands WASHINGTON, April 8 (Reuters) – U.S. President Donald Trump signed executive orders on Tuesday that aim to boost coal …
Trump Signs Executive Orders to Boost US Coal as Power Demand Rises Read More »
By Shariq Khan and Georgina Mccartney Canadian crude oil discount to US oil widened after shutdown South Bow stock tumbled to lowest since October Amount of spill is not known yet, pipeline to be shut until at least Wednesday NEW YORK/HOUSTON, April 8 (Reuters) – The Keystone oil pipeline from Canada to the United States …
Keystone Oil Pipeline Shut After Spill in North Dakota Read More »
