International energy issues become more complex #OilmanNEWS Alex Mills Contributors Oil and Gas News 

International Energy Issues Become More Complex

The world of international energy politics became even more intriguing recently with Russia participating in OPEC, the President of the United States calling on OPEC to increase production because gasoline “is too high,” the rapid increase in oil and natural gas production and exports in the U.S. making it a net exporter for the first time, and the acquisition of… Read More
Gas Prices #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Gasoline Prices Should Be Lower This Summer

Gasoline prices should average a few cents less this summer than last year, according to a study released this week by the Energy Information Administration (EIA). EIA expects the retail price of regular-grade gasoline will average $2.76 per gallon from April to September, which is down from the 2018 summer average of $2.85 per gallon. EIA forecasts motor gasoline consumption… Read More
Natural Gas Generates the Most Electricity #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

Natural Gas Generates the Most Electricity

Natural gas continues its streak as the leading fuel to generate electricity across the U.S. The Energy Information Administration (EIA) reports natural gas accounted for 62 percent of the new utility-scale additions in 2018 followed by wind with 21 percent and solar photovoltaic with 16 percent. Overall, 31.3 gigawatts (GW) of generating capacity was added last year, which had the… Read More
Investors Seek Increased Returns From Oil Producers #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Investors Seek Increased Returns From Oil Producers

Even though crude oil prices have increased 20 percent since Jan. 1 and U.S. oil production set a record of 12 million barrels per day (b/d) last month, investors in exploration and production (E&P) companies are demanding greater capital discipline and increasing returns. The focus centers on publicly-held independent oil and gas producers, which have been the most active players… Read More
Oil prices rise as OPEC production declines #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Prices Rise as OPEC Production Declines

The price of crude oil continued its recovery last week on news of a reduction in oil production worldwide and positive economic news. The Organization of Petroleum Exporting Countries (OPEC) released its monthly production report on Tuesday revealing a decline of 797,000 barrels per day (b/d) in January to 30.81 million b/d, which is just below its projections for oil… Read More
Venezuela’s financial troubles impact Texas and U.S. Alex Mills Contributors Oil and Gas News Texas 

Venezuela’s Financial Troubles Impact Texas and U.S.

The political turmoil in Venezuela has huge implications internationally, especially for Texas and the United States. Petroleos de Venezuela (PDVSA), the nationally owned energy company, currently owns three refineries in the U.S. – located in Corpus Christi, Lake Charles, La. and Lemont, Ill. – that refine 749,000 barrels of oil per day under the corporate umbrella of Citgo. PDVSA produces… Read More
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