The Trump administration’s latest decision to deny exemptions from tariffs on imported steel used in domestic oil and gas operations could undermine domestic energy production and jobs, the American Petroleum Institute warned on July 13. Source: News

The American Petroleum Institute (API) today released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017. Source: News

OPEC will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030. This is according to global natural resources consultancy Wood Mackenzie. Source: News

Light, sweet crude oil prices for August gained to settle above $71/bbl on the New York market July 13 while Brent crude oil for September delivery also gained to settle above $75/bbl, ending a week in which oil prices tumbled earlier on news Libya would resume oil exports. Source: News

Finally, Congress is finding its voice. Finally, Congress is finding its voice. President Donald Trump is not the first chief executive to steamroll the legislature. His predecessor boldly deployed the presidential phone and pen, too—and now watches his regulatory snarl come undone. Indeed, the Legislative Branch has shunted authority to the Presidency since at least […]