Zinke cites citizen concerns as upcoming lease sales are changed

The US Bureau of Land Management has removed some south-central Montana parcels from an upcoming oil and gas lease sale to evaluate potential environmental impacts, the agency’s Montana-Dakotas state office said on Mar. 5. Source: News


EIA: US crude oil inventories up 2.4 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl for the week ended Mar. 2 vs. the previous week, the US Energy Information Administration said. Source: News


MARKET WATCH: NYMEX crude oil prices fall on EIA forecast

Light, sweet oil prices rose only slightly Mar. 6 to settle at $62.60/bbl on a second forecast this week of increasing US production. The US Energy Information Administration raised its oil production estimate for 2018 on Mar. 6, which analysts said made for bearish fundamentals. Source: News