Kern County backs Newsom’s bill to stabilize fuel market, support local oil production
BAKERSFIELD, Calif.(KBAK/KBFX) — Kern County has expressed strong support for Governor Gavin Newsom’s proposed legislation aimed at stabilizing…
Ecuador Oil Production Plunges Due to Pipeline Shutdowns
Ecuador’s oil production has plunged to multi-year lows after heavy rains and erosion caused the shutdown of the…
Enterprise sees resilience in Permian despite drop in oil prices
(Bloomberg) – Enterprise Products Partners LP, one of the largest pipeline operators in the Permian basin, sees oil…
Halliburton says Mexico oil output decline rates will pressure reactivation of business
By Arathy Somasekhar HOUSTON (Reuters) -U.S. oilfield service provider Halliburton on Tuesday said Mexico’s oil production decline rates…
Why Oil Prices Could See a Significant Upside Shift
The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment,…
Oil Rises on Signs of Tight Supply, Robust Demand in Near Term
(Bloomberg) — Oil rose amid signs of tighter supplies in the near term and on stronger demand signals…
Chevron says offshore well start-up caused Mars crude quality issues
By Arathy Somasekhar HOUSTON (Reuters) -The start-up of an offshore well caused zinc contamination in Mars crude, Chevron…
Crude Prices Jump on Speculation About New US Sanctions on Russian Oil Exports
August WTI crude oil (CLQ25) on Friday closed up +1.88 (+2.82%), and August RBOB gasoline (RBQ25) closed up…
Make changes to California’s oil phase-out plans
If you are on the road this July 4 weekend, you are not alone. AAA predicted more than…
Pipeline Disruption Slashes Ecuador Output by 133,000 bpd
Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE…
Could California start producing more oil? Gov. Newsom is considering
As California prepares for the upcoming closures of two oil refineries, coupled with challenges in the global petroleum…
Russia’s Discounted Oil No Longer a Bargain for India
The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. Traders…