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 Post subject: US House panel studies E&P impacts on water supplies
PostPosted: Fri May 17, 2019 11:02 pm 
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Members split along party lines on May 16 as a US House Natural Resources Committee subcommittee considered whether US above-ground and underwater supplies are protected adequately from potentially damaging leaks or spills from onshore oil and gas exploration and production. Democrats felt more federal regulation is needed while Republicans said many states are providing enough oversight already.



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 Post subject: API: US petroleum markets remained solid in April
PostPosted: Sat May 18, 2019 4:03 am 
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US petroleum markets turned in a solid overall performance in April, according to the latest Monthly Statistical Report from the American Petroleum Institute. Crude oil production sustained a record-tying 12.1 million b/d while total petroleum demand was the highest for the month since 2007 at more than 20 million b/d.



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 Post subject: MARKET WATCH: Oil prices tumble after US-China news
PostPosted: Fri May 24, 2019 11:27 pm 
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Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more than a $3/bbl on the London market with the July contract settling under $68/bbl. Analysts attributed the steep benchmark price drops on US-China trade relations as well as rising US oil supplies.



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 Post subject: Association heads laud EPAs cost-benefit analysis memo
PostPosted: Sat May 25, 2019 3:39 am 
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Oil and gas associations responded favorably to US Environmental Protection Agency Administrator Andrew R. Wheelers May 13 memorandum stating that the agency should ensure its regulatory decisions are rooted in sound, transparent, and consistent approaches to evaluating benefits and costs.



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