BHI: US rig count up 5 in short holiday week

The overall US drilling rig count increased by 5 to 593 during a week ended Nov. 23 that was shortened by the Thanksgiving Day holiday, according to Baker Hughes Inc. data. Source: News


EPA releases final 2017 renewable fuel quotas, draws industry fire

The US Environmental Protection Agency announced final renewable fuel quotas for 2017 that increased volume requirements from 2016 levels under the federal Renewable Fuel Standard. The American Petroleum Institute and American Fuel & Petrochemical Manufacturers each criticized the Nov. 23 move, and called on Congress again to substantially reform or repeal the RFS. Source: […]


CEPSA, Sonatrach sign E&P cooperation agreements

Spain’s Compania Espanola de Petroleos SA (CEPSA) and Algeria’s Sonatrach have signed an agreement that will have particular relevance to oil field contracts in Algeria. CEPSA has maintained its exploration and production activities in that country for the past 30 years “without interruption,” the company said. Source: News


EIA: US gasoline prices second-lowest for Thanksgiving holiday since 2008

US regular-grade gasoline prices averaged $2.16/gal, just 6¢ higher than a year ago, and the second-lowest heading into a Thanksgiving holiday since 2008, when the national regular gasoline price averaged $1.89/gal on the Monday ahead of the holiday. Source: News


MARKET WATCH: OPEC output-limit speculation keeps oil prices volatile

Crude oil prices on the New York market on Nov. 22 relinquished some of the gains—and some of the accompanying optimism for an output limit from members of the Organization of Petroleum Exporting Countries—that came during the previous two trading sessions. The downward trend continued early Nov. 23 on a strengthening dollar. Source: News