The light, sweet crude oil contract for February delivery rose modestly on the New York market Jan. 6 to settle at nearly $54/bbl while the Brent crude oil price for March delivery rose on the London market to settle above $57/bbl. Source: News

Delek US Holdings Inc., Brentwood, Tenn., has entered a definitive agreement to buy all outstanding shares of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refinery in Krotz Springs, La.; an idled 70,000-b/sd, three-refinery complex in California; and through its majority interest […]

Departing administrations often encourage political appointees to complete reports and regulations before their successors arrive soon after the new president’s inauguration.  Source: News

Tax reform, newly in fashion in the US, presents a dilemma to the oil and gas business. It’s both desirable and treacherous. Source: News

On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first such joint deal in 15 years. Source: News

Per custom, the president who pressed an 8-year regulatory siege against the US oil and gas industry is scripting his legacy. But the political legacy can’t be ignored. Source: News