Oil

Oil

House Energy and Commerce panel hearing on pipeline safety

Washington, July 14, 2015, 10:15 am

The House Energy and Commerce Subcommittee on Energy and Power to hold hearing on pipeline safety. Stacy Cummings, interim executive director of the Pipeline and Hazardous Materials Safety Administration, to testify.

Oil

Oil drops on glut predictions, weaker dollar

Source: 
The Wall Street Journal

After a day in which oil prices bounced up and down as Iran nuclear talks were grinding on, they ended the day lower in part on a weaker dollar and predictions of a continued oversupply. Light, sweet crude lost 1 percent, or 54 cents, to settle at $52.20 a barrel on the Nymex, while in London, Brent fell 88 cents to $57.85, The Wall Street Journal reports.

Oil

OPEC says everyone else's crude production will grow more slowly

Source: 
Platts

Non-OPEC crude production is growing by 860,000 barrels a day in 2015, but that growth should slow to 300,000 barrels a day next year, according to OPEC’s latest monthly projections, Platts reports.

Oil

Cleanup measures still in place for Plains spill in Illinois

Source: 
FuelFix

Workers are still taking steps to prevent drinking water for Highland, Illinois from being contaminated by a crude spill that took place Friday at a Plains All American Pipeline company pumping station, FuelFix reports.

Oil

Canada’s provincial leaders set to promote pipelines

Source: 
The Globe and Mail

The energy strategy agreement to be signed by the premiers of Canada’s provinces this week has more specifics about cutting red tape on pipeline approval than on fighting climate change, The Globe and Mail reports.

Oil

Arctic drilling support vessel heading to Oregon for repair

ANCHORAGE, Alaska (AP) — Shell oil company will send a damaged ship carrying equipment required for Arctic offshore oil drilling from Alaska back to the West Coast for repairs.

Royal Dutch Shell PLC 's drilling schedule for two exploratory wells this summer in the Chukchi Sea off Alaska's northwest coast, however, shouldn't be delayed by maintenance work on the 380-foot icebreaker Fennica, spokesman Curtis Smith said Monday.

Oil

Oil down on Iran expectations

Source: 
Reuters

Weekend reports of an imminent Iran nuclear deal sent oil prices falling in early trading Monday. U.S. benchmark crude dropped $1.15 to $51.59 a barrel in electronic trading on the Nymex, while in London Brent was $1.43 lower to $57.30, Reuters reports.

Oil

Review of Halliburton-Baker Hughes tie-up to extend into November

Source: 
FuelFix

The antitrust review process for the proposed $34.6 billion merger between oilfield service giants Halliburton and Baker Hughes will extend until at least Nov. 25, the companies announced Friday, FuelFix reports.

Oil

Southern California beaches tested for tar balls after spill

SANTA BARBARA, Calif. (AP) — The effort to track the impact of a crude oil spill on the Santa Barbara coast in May hit beaches this week as far south as Orange County, officials said Saturday.

Tar ball samples were taken Thursday and Friday from Gaviota to Newport Beach, about 170 miles away, for a better reference point of where oil is washing up and to improve reporting, according to a press release from officials overseeing the cleanup.

Oil

California gasoline prices spike amid national downward trend

CAMARILLO, Calif. (AP) — While gas prices nationwide are on a downward trend, California is experiencing a spike that could see prices top $4 a gallon before easing again, according to analysts.

A shortage in oil and other components used in refining California's unique blend of less-polluting gas was one of the reasons for the price jump, industry analyst Trilby Lundberg said Sunday.

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