ExxonMobil doubles second-quarter, first-half earnings

ExxonMobil Corp. posted second-quarter earnings of $3.4 billion, double the $1.7 billion recorded in second-quarter 2016, as oil and gas realizations increased and refining margins improved. The supermajor’s first-half earnings were $7.4 billion, up from $3.5 billion in 2016. Source: News


MARKET WATCH: Oil prices climb pending rig count

The light, sweet crude oil prices for September and October delivery settled above $49/bbl on the New York market July 27 while the Brent crude oil prices for September and October settled above $51/bbl. Crude prices continued climbing early July 28 trading. Source: News


Senate follows House, puts sanctions on Russia, Iran, North Korea

The US Senate passed a bill imposing sanctions on Russia, Iran, and North Korea two votes short of unanimous approval 2 days after it was approved by the US House. Sens. Rand Paul (R-Ky.) and Bernie Sanders (I-Vt.) cast the only nay votes in the July 27 balloting for HR 3364. The measure won House […]


TransCanada launches open season for Keystone pipeline system

TransCanada Corp. has launched an open season to solicit additional binding commitments for transportation of crude oil on the Keystone pipeline system, including the 36-in. OD Keystone XL pipeline. Source: News


API: Total US petroleum deliveries reach 10-year peak in June

Total US petroleum deliveries reached an average of more than 20.3 million b/d in June—their highest level for the month since 2007 and a 2.6% increase from June 2016, the American Petroleum Institute reported. The figure also was the highest monthly amount so far in 2017, coming in 1% higher than in May, API said […]