Tag: IHS

Oil exports would give US leverage, former ambassador says

So far, most of the congressional debate on crude exports has focused on the economics of the issue, but former Amb. Carlos Pascual’s comments amplify geopolitical concerns with the longstanding trade restrictions for oil.  More »

Report: Refiners can handle the flood of light U.S. crude

The American Fuel and Petrochemical Manufacturers, which commissioned the analysis, hopes it will debunk oil producers’ chief argument for crude exports by proving that refiners have the capacity to consume light, sweet U.S. crude.  More »

Pemex negotiates lower rig rates as crude collapse hurts profit

Pemex is in talks with oil service and jack-up rig providers to reduce daily rates after the board approved cutting more than $4 billion from its 2015 budget last week.  More »

Report: Most Keystone crude will stay in U.S.

President Barack Obama has questioned the merits of the pipeline, suggesting last year that the crude carried through it would go “everywhere else” but the U.S.  More »

U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.  More »

Report: U.S. production growth could stop this year

The study could offer hope for an industry reeling from lower commodity prices that show no imminent signs of rebounding in the face of growing U.S. production volumes.  More »

Analyst: No reason oil will stop at $50

Though oil producers have started slowing down drilling plans for 2015, U.S. production is not losing steam, and the imbalance between global oil supply and demand persists.  More »

Feds offer guidance to would-be oil exporters

Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports.  More »

Report: Energy jobs have led economic recovery

The increases in oil and gas industry employment has nearly overtaken the number of all the jobs lost in the last decade, according to a new report  More »

Federal agency says oil exports would lower pump prices

Ending the United States’ longstanding ban against most crude exports could lift oil prices inside the country while decreasing the cost of gasoline, according to a Government Accountability Office report released Monday.  More »

Refiners: We can take all your oil

Refiners opposed to oil exports said Thursday they have more than enough plants and equipment to swallow up all of the light, sweet crude flowing out of U.S. wells, countering the chief argument of oil producers hoping for a new era of overseas sales.  More »

Yergin: Energy security is more than just strong supply

Daniel Yergin, an oil and gas expert whose 1990 book “The Prize” is still considered required reading for anyone who wants to understand the industry, on Wednesday won government recognition for helping to illuminate the mysteries of energy policies, politics and production.  More »

Lawmakers fear voters won’t approve of easing export ban

Some Republican congressional leaders and lawmakers from oil states have been reluctant to say much on the topic of easing the federal ban on oil exports.  More »

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »

Delta: Oil exports would prompt refinery closures

Delta Air Lines’ top fuel executive on Tuesday made an impassioned argument against ending the longstanding ban on exporting crude, saying the proposed trade policy change would fatten oil producers’ bottom lines while hurting domestic refiners and consumers.  More »
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