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Oil

Arctic drill rig protesters will have to stay in safety zone

SEATTLE (AP) -€” The Coast Guard says protesters opposed to offshore drilling in the Arctic will have to stay in safety zones when a drill rig arrives in Seattle.

Chief Petty Officer Sara Mooers says a Seattle-bound drill rig and a heavy-lift vessel are expected to arrive in Port Angeles later this week, though an exact day wasn't known. She says when the rig and vessel enter Elliott Bay off Seattle protesters will have to stay 500 yards away from a moving vessel and 100 yards from one that is anchored.

Oil

Mexico oil spill affects drinking water for Tabasco city

MEXICO CITY (AP) — Mexico's Gulf coast state of Tabasco has set up an emergency plan to supply drinking water to the capital of Villahermosa after oil thieves punctured a pipeline, contaminating rivers that normally supply the city.

The spill late last week sent workers with the state-owned oil company scrambling to limit damage, and four of Villahermosa's water treatment plants were shut down as a precaution.

Adam Sieminski/EnergyGuardian Photo
Oil

EIA: U.S. becoming net energy exporter, emissions staying below 2005 levels

The United States is on track to become a net energy exporter by 2030 while keeping its energy-related carbon emissions below 2005 levels - even without new regulations on power plant emissions, a new report says.

The Energy Information Administration's 2015 Annual Energy Outlook, which forecasts trends through 2040, projected that under several scenarios the U.S. would become a net natural gas exporter within the next two years.

Oil

A second month of down production in North Dakota

Source: 
Reuters

For the second month in a row, oil production is down in North Dakota, Reuters reports.

Oil

Oil-based ETFs losing investors fast

Source: 
Reuters

Exchange-traded funds focused on oil investments have suffered significant outflows in recent weeks, which could signal new pressure on crude oil prices, Reuters reports.

Oil

Chinaoil makes big oil purchases

Source: 
The Wall Street Journal

China's state run petroleum company has had its biggest run of spot oil purchases since October, The Wall Street Journal reports.

Oil

Iran: OPEC should cut output by five percent

Source: 
The Wall Street Journal

Iran's oil minister is calling for a five-percent cut in oil production by the Organization of Petroleum Exporting Counties, The Wall Street Journal reports.

Oil

Oil rises on reports of slowing production

NEW YORK (AP) — The price of oil rose on indications that U.S. oil production in places like North Dakota is beginning to slip as a result of a sharp pullback in drilling activity in recent months.

Benchmark U.S. crude rose $1.38 to close at $53.29 a barrel in New York.

Brent crude, a benchmark for international oils used by many U.S. refineries, rose 50 cents to close at $58.43 in London.

Norfolk Southern shares slumped five percent after forecasting disappointing first-quarter results as demand for coal shipments for export fell. Shares fell $5.24 to $99.63. The railroad company reports results on April 29.

Oil

Keystone pipeline runs into opposition from Native American tribes

Source: 
The Hill

The Hill reports that Native American tribes have sent the Interior Department more than 100 pages of letters opposing the Keystone XL pipeline.

Adam Sieminski/EnergyGuardian Photo
Oil

U.S. to become net natural gas exporter in 2017, EIA projects

The Energy Information Administration, in its annual forecast of U.S. energy trends, projects that the U.S. will become a net exporter of natural gas by 2017.

In its Annual Energy Outlook for 2015, EIA said total net U.S. energy imports would continue to decline over the coming years, and will ultimately end by 2030, as domestic gas and oil production expands and consumption sees modest growth of .30 percent through 2040.

Though the agency expects domestic production growth to decline after 2020, petroleum imports would account for just 17 percent of total supply in 2040, down from 33 percent in 2013.

The report, which forecasts energy trends through 2040, also addressed energy-related carbon emissions, projecting that U.S. levels would stay below 2005 levels. The report did not take into account the Environmental Protection Agency's proposed Clean Power Plan. 

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