It has been brewing for a while, but all indications are that the Energy Information Administration (EIA) will take steps this fall to reformat its weekly storage report by adding more regions and thus increasing transparency.
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A U.S. Court of Appeals for the DC Circuit Tuesday upheld the U.S. Environmental Protection Agency’s (EPA) decision not to designate the Uinta Basin in Utah as a nonattainment area for ozone.The Western Energy Alliance (WEA), which was in a rare alignment with EPA on the case, applauded the decision.
State lawmakers and critics of California’s agency overseeing oil/natural gas activities in the state were stirred up again this week over the Department of Conservation’s (DOC) failure to meet an April 30 deadline for submitting data on oil produced water. The data filing had been mandated by SB 1281, which was passed last year.
The Texas rig count fell again in the latest Baker Hughes Inc. tally of active rigs, released Friday (May 1), and oily plays led the charge as producers continue to seek to balance supply with demand.
Department of Energy (DOE) Secretary Ernest Moniz said it will probably take two years to complete research into what makes some crude oil more volatile than other varieties, as regulators grapple with how to handle crude oil by rail shipments in the wake of several derailments and explosions.
Chemical additives make up only a fraction of the fluids used in hydraulic fracturing (fracking) operations on oil and natural gas wells, but fluid is used in such great volumes that the amount of chemicals still adds up to impressive totals, according to the Environmental Protection Agency (EPA).
Now that an increasing amount of crude oil moves by rail — and as these shipments have attracted safety concerns in communities and in Washington, DC — the U.S. Energy Information Administration (EIA) has added crude-by-rail data to its monthly petroleum supply reports.
BP plc’s claims that the Gulf of Mexico (GOM) has returned to pre-Macondo well blowout condition are “inappropriate as well as premature” because the largest offshore spill in U.S. history still is being assessed, federal and state trustees overseeing the Natural Resource Damage Assessment (NRDA) said.
The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it had simultaneously filed and settled charges against Intercontinental Exchange’s ICE Futures U.S. Inc. to the tune of $3 million for “submitting inaccurate and incomplete reports and data” for certain energy contracts and other commodities over at least a 20-month period, from at least October 2012 through at least May 2014.
February natural gas punched through $3 support in overnight trading and is expected to open 24 cents lower Tuesday morning at $2.89 as traders come to the realization that a cold finish to January is becoming less and less likely. Overnight oil markets tumbled.