MARKET WATCH: Crude prices fall on continued oversupply concerns

Crude oil prices on the New York and London markets declined on Aug. 31, and continued their downward momentum into Sept. 1 after a US government report showed a second consecutive weekly rise in crude stockpiles. Source: News

BLM uses authority to implement online oil, gas lease sales

The US Bureau of Land Management is using congressional authority to conduct federal onshore oil and gas lease sales online. It is acting under a provision in the 2015 National Defense Authorization Act, which amended the 1920 Mineral Leasing Act (MLA) to allow online lease sales, BLM said. Prior to that amendment, the MLA authorized […]