MARKET WATCH: NYMEX, Brent oil prices rise on Middle East tenions

Oil prices rose Mar. 20 for a second consecutive day, which analysts said stemmed from concerns about geopolitical risk to world oil supply if the US takes a sterner stance against Iran as some have suggested. Source: News


Inpex awarded offshore Canning basin permit

Japanese combine Inpex Corp. was awarded an exploration permit in the Canning basin offshore northwest Western Australia as part of the federal government’s 2017 offshore petroleum acreage release. Source: News


Pruitt proposes revisions to air emissions rules for refiners

US Environment Protection Agency Administrator Scott Pruitt proposed amendments to the Petroleum Refinery Sector Risk and Technology Review and the New Source Performance Standards. The corrections will provide refiners regulatory clarity and savings of as much as $11.5 million/year in compliance costs, he said. Source: News


PDO starts flow from Mabrouk North East find

Petroleum Development Oman has started production from a natural gas and condensate discovery it calls Mabrouk North East in its northern concession area.  Source: News