Energy wins in U.S.-China trade agreement #OilmanNEWS Alex Mills Business Contributors Oil and Gas News 

Energy Wins in U.S.-China Trade Agreement

President Trump signed an agreement with China this week that will increase trade between the two countries in many sectors of the economy, especially for agriculture, manufacturing and energy. During the signing ceremony at the White House on Wednesday, Trump said the deal will mean some $200 billion dollars to the U.S. economy. U.S. energy exports will increase $18.5 in… Read More
Texas Petro Index Declines 8 Percent in 2019 #OilmanNEWS Alex Mills Contributors Exploration & Production Oil and Gas News Texas 

Texas Petro Index Declines 8 Percent in 2019

The oil and natural gas industry in Texas and the United States established record levels of production in 2019 and even became a net petroleum exporter for the first time since records have been kept. Crude oil production nationwide peaked at 12.5 barrels per day, and net petroleum exports were 89,000 barrels per day in September. Texas led all states… Read More
Few changes expected for oil supply, demand #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

Few Changes Expected for Oil Supply, Demand

Crude oil markets were cautious following the meeting of OPEC last week, and the announcement by the International Energy Agency (IEA) it expects a modest increase in worldwide supply and demand. Crude oil was trading in the $63-$64 range on the international market from Brent crude oil and in the $58-$59 range for West Texas Intermediate on the New York… Read More
New York seeks retribution for alleged climate change damages #OilmanNEWS Alex Mills Contributors Environmental Oil and Gas News 

New York Seeks Retribution for Alleged Climate Change Damages

The crusade against fossil fuels – crude oil, natural gas and coal – has engulfed the political arena for several decades, but the fight has expanded recently into the legal system. Liberals on the left have tried to tax and regulate fossil fuels dating back to the 1970s when President Jimmy Carter signed the Crude Oil Windfall Profits Tax, which… Read More
Study forecasts more increases in US oil production #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Study Forecasts More Increases in US Oil Production

Even though there appears to be signs of weakening in the crude oil and natural gas production boom in the U.S., a new report from the Energy Information Administration (EIA) predicts continued production increases through 2020. EIA revised its Short-Term Energy Outlook this week forecasting a 119,000 barrels per day (b/d) increase in oil production in 2020 over 2019. EIA… Read More
Uncertain supply and demand issues create problems #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Uncertain Supply and Demand Issues Create Problems

As the member countries of the Organization of Petroleum Exporting Countries, better known as OPEC, prepare for their important meeting in Vienna on Dec. 5-6, questions will be raised about its future. Will OPEC members be able to put aside their many policy and political differences to maintain order? Will non-members continue to work with OPEC and reduce oil exports… Read More
Natural gas prices down, inventories up as winter approaches #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Natural Gas Prices Down, Inventories Up as Winter Approaches

Record production of natural gas in Texas and throughout the United States has created lower natural gas prices for consumers, but it has many companies that produce natural gas struggling to avoid bankruptcy. One such company is Chesapeake Energy Corp., which is based in Oklahoma City, who was actively exploring in the Barnett Shale of North Texas some 10 years… Read More
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