RSS THE SOURCE: Oil & Gas

  • Trump's Defense Chief: We're Not In Iraq To Seize Anybody's Oil February 20, 2017
    BAGHDAD (Reuters) - The U.S. military is not in Iraq “to seize anybody’s oil”, Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump at the start of a visit to Iraq on Monday. Mattis, on his first trip to Iraq as Pentagon chief, is hoping to assess the war effort as […]
  • Australia and UAE to explore deeper defense ties, Aus$1 bn in sales February 19, 2017
    Author: ReutersSun, 2017-02-19ID: 1487520530421628400Abu Dhabi: Australia and the United Arab Emirates (UAE) will explore closer defense ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan.Australia’s Defense Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, […]
  • Omar Abdel Rahman: From village along Nile to death in US federal prison February 18, 2017
    Author: ReutersSun, 2017-02-19ID: 1487439026633436000 NEW YORK: Omar Abdel Rahman, the Egyptian-born jihadist linked to the 1993 World Trade Center bombing, died of natural causes at 9:40 a.m. (1440 GMT) on Saturday at the Federal Medical Center, Butner, part of a federal prison compound in Butner, North Carolina, according to Greg Norton, a spokesman. The convicted terrorist, who […]
  • 'Blind Sheikh' Convicted In 1993 World Trade Bombing Dies In U.S. Prison February 18, 2017
    Feb 18 (Reuters) - Omar Abdel-Rahman, the Muslim cleric known as “the blind sheik” who was convicted of conspiracy in the 1993 World Trade Center bombing and of planning a broader “war of urban terrorism” in the United States, died on Saturday in a North Carolina prison, authorities said. Abdel-Rahman, 78, died of natural causes […]
  • U.S. Rig Count Rises As Crude Inventory Levels Hit Record High February 17, 2017
    The number of active oil and gas rigs in the United States increased again on Friday by 10. Both benchmarks were trading down earlier on Friday under heavy pressure from record-high crude oil inventories (518.1 million barrels), and record-high gasoline inventories (259 million barrels). The total number of active oil and gas rigs in the […]
  • As The Wheels Of The Trump Juggernaut Come Off February 17, 2017
    Say this for Donald Trump: He sets records. It took more than a year of Warren G. Harding’s administration before the Teapot Dome scandal of 1921-22 brought down his Interior secretary for taking a massive oil company bribe. A half-century later, it took two years to expose the immensity of the Watergate crimes and force […]
  • U.S. diesel demand poised for boost from freight recovery: Kemp February 17, 2017
    Freight movements across the United States are showing signs of sustained growth, which should help push domestic diesel consumption higher this year. Freight was hit hard in 2015/16 by the switch from coal to gas-fired power generation, the slump in oil and gas drilling, and more generally by an unplanned build up in business inventories. […]
  • Oil prices expected to creep higher to $60 – analysts February 17, 2017
    Oil prices are expected to creep slightly higher this year if the Organization of the Petroleum Exporting Countries (OPEC) extends its output cut beyond six months, but rising crude production in the United States, fragile global growth and trade war prospects are likely to put a cap on the market at around $60 per barrel, […]
  • Pentagon Says Used Depleted-Uranium Rounds Against IS Oil Tankers February 17, 2017
    The United States used depleted-uranium antitank rounds twice during 2015 in air strikes against convoys of Islamic State (IS) tanker trucks, the Pentagon has said.
  • Munger: U.S. Should Sit On Oil And Gas Reserves Until OPEC Supplies Run Dry February 16, 2017
    The United States should delay extracting oil and natural gas from the ground until supplies in the Middle East run low, forcing countries who were previously our suppliers to pay a premium for American energy products, according to Berkshire Hathaway’s Vice Chairman, Charlie Munger. “I wish we weren't producing all this natural gas, I'd be […]
  • Oil prices steady despite record U.S. inventories February 16, 2017
    Oil prices steadied on Thursday as record crude and gasoline inventories in the United States dragged on prices, though OPEC supply cuts helped to support the market. Brent crude was up 10 cents at $55.85 a barrel by 1005 GMT. U.S. light crude gained 10 cents to $53.21. The Organization of the Petroleum ...
  • The United States Used Depleted Uranium in Syria February 15, 2017
    “Officials have confirmed that the U.S. military, despite vowing not to use depleted uranium weapons on the battlefield in Iraq and Syria, fired thousands of rounds of the munitions during two high-profile raids on oil trucks in Islamic State-controlled Syria in late 2015. The air assaults mark the first confirmed
  • For America's Sake, We Need Answers About Russia. Now. February 14, 2017
    (Note: I hardly had finished writing the following piece when Michael Flynn resigned, requiring a small revision. With this new development, the plot thickens, and getting to the truth about Russia and the Trump White House becomes even more important. And it raises the famous questions that so bedeviled Richard Nixon: What did Donald Trump […]
  • U.S. D.O.E. Finds Renewables Employed More Americans Than Oil and in Gas in 2016 February 13, 2017
    A new report by the United States Department of Energy concludes that American renewable energy firms are creating more jobs than their fossil fuel counterparts. Solar and wind energy companies generated more jobs than oil, coal and natural gas combined, even though the green companies still account for a small portion of total domestic power […]
  • Is Libya Putin's Next Target? February 12, 2017
    Anti-Gaddafi demonstrators in the Libyan city of Bayda, July 22, 2011 With the future of the Assad regime now well in hand, the Kremlin has turned its attention to another former Soviet client in the Middle East - Libya. The "Libyan Political Agreement" negotiated under UN supervision and announced on December 17, 2015, was supposed […]
  • Venezuela now leads US asylum requests as crisis deepens February 10, 2017
    BOGOTA, Colombia – Venezuelans for the first time led asylum requests to the United States as the country's middle class fled the crashing, oil-dependent economy. Data from the U.S. government's Citizenship and Immigration Services show that 18,155 ...
  • U.S. Oil Rig Count Up On Rising Oil Prices February 10, 2017
    The number of active oil and gas rigs in the United States increased again on Friday by 12, taking aim at earlier gains to both WTI and Brent crude oil benchmarks. Both benchmarks were trading up over 2% earlier on Friday after an International Energy Agency report showed that OPEC‘s supply-cut deal achieved a record […]
  • Collected Department Releases: Enbridge Line 67 Draft Supplemental Environmental Impact Statement Released February 10, 2017
    Media Note Office of the Spokesperson Washington, DC February 10, 2017 The State Department is today releasing the Draft Supplemental Environmental Impact Statement (Draft SEIS) for the proposed Enbridge Line 67 oil pipeline expansion project. The Department of State is reviewing an application submitted by Enbridge Energy, L.P. for a Presidential Permit that would, if […]