MARKET WATCH: NYMEX crude oil prices drop back below $50/bbl

Light, sweet crude oil prices settled below $50/bbl on Mar. 9 for the first time since December after members of the Organization of Petroleum Exporting Countries and other major producers struck a deal to curb oil output. Source: News


BOEM releases final multi-sale EIS for 2017-22 gulf lease sales

The US Bureau of Ocean Energy Management released the final multi-sale environmental impact statement for Gulf of Mexico oil and gas lease sales it has scheduled for 2017-22. The 10 scheduled sales will be in BOEM’s western and central planning areas and in part of its eastern planning area. Source: News