DAILY OIL PRICE: August 29, 2024

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Crude Oil: 75.91   (+1.39). Nymex MTD AVG: 75.5059. Natural Gas: 2.137   (+0.207). Gasoline: 2.2477   (+0.0329). Spreads: October/November   (+1.24)   November/December   (+0.94). Plains WTI Posting:...

Limited energy reserves holding China back

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The People’s Republic of China is very ambitious, making no bones about its intention to surpass the United States economically and militarily and one...

DAILY OIL PRICE: August 28, 2024

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Crude Oil: 74.52   (-1.01). Nymex MTD AVG: 75.4914. Natural Gas: 1.930   (+0.026). Gasoline: 2.2148   (-0.0321). Spreads: October/November   (+1.08)   November/December   (+0.85). Plains WTI Posting:...

DAILY OIL PRICE: August 27, 2024

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Crude Oil: 75.53   (-1.89). Nymex MTD AVG: 75.5274. Natural Gas: 1.904   (-0.052). Gasoline: 2.2469   (-0.0330). Spreads: October/November   (+1.07)   November/December   (+0.84). Plains WTI Posting:...

Energy reform bill gains momentum

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Energy industry support is building for the proposed Energy Permitting Reform Act of 2024, which proponents say would reduce permitting wait times, remove the...

DAILY OIL PRICE: August 26, 2024

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Crude Oil: 77.42   (+2.59). Nymex MTD AVG: 75.5273. Natural Gas: 1.956   (-0.066). Gasoline: 2.2799   (-0.0052). Spreads: October/November   (+1.25)   November/December   (+0.96). Plains WTI Posting:...

ELAM: Stocks correct, oil seeking support

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Crude oil has not heard my bullish forecast. It returned to the bottom of the trading range of $72-82 which has prevailed for several...

THE ECONOMIST: When the CHIPS are up!

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The CHIPS and Science Act was approved about two years ago to support U.S. semiconductor production and innovation. It provides funds to encourage private...

GUEST VIEW: RRC’s steadfast commitment to plugging orphaned wells

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By Chairman Christi Craddick Railroad Commission of Texas Recent media reports from West Texas have regurgitated false claims that there is a widespread epidemic of previously...

Basin rig count up three as prices decrease

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The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 306 rigs active...