Govt & Regulatory News


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Will the US Ever Become Part of OPEC+?
Thursday, March 21, 2019 Experts weigh in on whether the United States will ever join the OPEC+ group.

Oil Stays Above $60
Thursday, March 21, 2019 Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

Venezuelan Oil Shipments to US Skid to a Halt on Sanctions
Thursday, March 21, 2019 American refiners looking to replace the lost Venezuelan oil aren't likely to find any solace from OPEC.

Oil's Rally Stalls Near $59
Wednesday, March 20, 2019 Oil's rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.

Oil and Gas Employs Near 350,000 Texans in 2018
Wednesday, March 20, 2019 The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals.

$264B Needed to Realize UK's Oil and Gas Vision
Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.

Trump Guides Don't See High Oil Prices as All Bad
Wednesday, March 20, 2019 Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

Alberta Increases Oil Production Limits
Wednesday, March 20, 2019 Alberta's government will allow oil producers to pump more in May and June.

Oil Holds Gains
Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June.

Saudi-Russia Alliance Shows Signs of Strain
Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.

OPEC Can Make or Break Oil's Bull Run
Monday, March 18, 2019 OPEC can make or break oil's bull run, and hedge funds are betting the cartel will keep fueling the rally.

Market Fundamentals Improving But Much Left to Do
Monday, March 18, 2019 Market fundamentals have been slowly improving since the latter part of last year, but much more work still needs to be done, according to Saudi Arabia's energy minister.

Oil Slips
Monday, March 18, 2019 Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June.

Pipeline Issues Delay Israel Gas to Egypt for Months
Monday, March 18, 2019 Egypt won't begin receiving gas from Israel under a $15-billion deal until the middle of the year.

Guaido to Appeal $8.7B ConocoPhillips Award
Friday, March 15, 2019 Venezuela's opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank's arbitration tribunal last week.

Oil Set for Weekly Gain
Friday, March 15, 2019 Oil's poised for the best weekly rally in a month as the world's top crude producers are scheduled to discuss about extending their pledged output curbs to avert a global glut.

Oil Expected to Rally into Summer
Friday, March 15, 2019 Merill Lynch expects oil to rally into the summer.

Exxon Hits the Brakes on $1.9B Project
Friday, March 15, 2019 Exxon's Canadian subsidiary, Imperial Oil Ltd., was planning to bring the 75,000-barrel-a-day project online in 2022.

Oil Pierces 4-Month High
Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year.

Saudis Reluctant to Do Trump's Bidding
Thursday, March 14, 2019 Four months ago, Saudi Arabia's devotion to its decades-old oil partnership with the U.S. was stronger than ever.

Oil Extends Gains
Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world's top producers are said to be looking at a plan to extend their output curbs.

Venezuela Ordered to Pay ConocoPhillips $8.7B
Wednesday, March 13, 2019 An international arbitration tribunal has unanimously ordered the government of Venezuela to pay ConocoPhillips $8.7 billion.

OPEC Is Said to Warn Wall Street on NOPEC
Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors.

What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?

Saipem Clears Hurdle for Uganda Refinery
Tuesday, March 12, 2019 The facility would help Uganda to become a fuel exporter.

US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.

Oil Extends Gain
Tuesday, March 12, 2019 Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela.

Job-Threatening Colorado Bill Reaches Senate Floor
Tuesday, March 12, 2019 Senate Bill 19-81 has been scheduled for second reading at the Colorado Senate.

UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.

Perry Says Venezuelan Oil Output Will Decline Until Regime Changes
Tuesday, March 12, 2019 The IEA says it expects Venezuelan output to fall to 800,000 barrels a day this year.

Hedge Funds Keep Betting on Oil Rally
Monday, March 11, 2019 Hedge funds keep betting on an oil rally, even with prices stuck in neutral.

Oil Rises
Monday, March 11, 2019 Oil rose as Saudi Arabia was said to extend deep supply cuts into April.

US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.

OPEC Will Be Squeezed by US Shale Until Mid-2020s
Monday, March 11, 2019 By 2024, OPEC's capacity to pump crude will shrink because of declines in Iran and Venezuela, according to the International Energy Agency.

Oil Endures Stormy Week
Friday, March 08, 2019 Oil struggled to sustain a rally as prices continued to get whipsawed by fears over the health of the global economy and OPEC's progress in averting a market glut.

Job-Threatening Colorado Bill Advances Again
Friday, March 08, 2019 Senate Bill 19-181 has passed through the Colorado Senate Finance Committee after advancing through the State Senate Transportation and Energy Committee earlier this week.

Big Oil Dodges Bullet in Norway
Friday, March 08, 2019 Norway takes a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers.

Oil Stays Near $56
Thursday, March 07, 2019 Oil traded near $56 a barrel as investors weighed a U.S. crude-stockpile surge that threatens to undermine OPEC's bid to avert a glut against a drop in fuel inventories.

Colorado Passes Bill Threatening 100,000+ Jobs
Thursday, March 07, 2019 The Colorado State Senate Transportation and Energy Committee passes a bill which the American Petroleum Institute says 'threatens hundreds of thousands of jobs'.

Former Energy Minister Appointed OGA Chairman
Thursday, March 07, 2019 The UK Business and Energy Secretary, Greg Clark, appoints Tim Eggar as the new chair of the Oil and Gas Authority.

Alberta Drillers Unfazed by Crude Glut
Thursday, March 07, 2019 Some drillers are moving ahead in Canada's oil sands despite depressed prices last year and resulting production cuts.

Oil Falls as Global Glut Fears Revived
Wednesday, March 06, 2019 Oil declined after an industry report showed a massive increase in U.S. crude stockpiles, reviving fears of a global glut.

PDVSA's Caribbean Footprint Is Waning
Wednesday, March 06, 2019 Despite sitting on top of the world's largest crude reserves, the reach of Venezuela's state-owned oil company is receding.

Oil Trims Gain
Tuesday, March 05, 2019 Oil gave up some of its gains above $56 a barrel on renewed concerns the U.S.-China trade war will hurt economic growth and the prospect of output recovering from unexpected disruptions in some OPEC members.

Libya's Biggest Oil Field Restarts
Tuesday, March 05, 2019 Libya's biggest oil field resumed production, adding another complication to OPEC's effort to trim a global supply glut.

Maduro Gets Oil Lifeline From Russia
Tuesday, March 05, 2019 As PDVSA was running out of an obscure product needed to keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue.

These are the OPEC+ Meeting Predictions
Monday, March 04, 2019 Experts predict what will happen at the upcoming OPEC+ meeting in April.

Oil Rises as US China Trade Deal Nears
Monday, March 04, 2019 Oil climbs as the U.S. and China were said to near a deal on trade that would underpin the outlook for crude demand.

Israel Woos Energy Majors
Monday, March 04, 2019 Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to finally drill off the nation's Mediterranean coast.

Canada's Oil Industry Hit With Key Pipeline Delay
Monday, March 04, 2019 Regulatory issues are bogging down another pipeline project.