WTI Crude
53.13
Brent Crude
55.42
Natural Gas
3.18
Ports Turn to Natural Gas in Quest for Cleaner Marine Fuel

The tightening of emissions limits for deep-water ships has some of North America’s busiest ports chasing a new opportunity. The UN’s International Maritime Organization last year cut limits on sulfur in marine fuels to 0.5 percent from 3.5 percent, starting in 2020. The target: So-called bunker fuel, a cheap, tar-like oil residue used by most ships. Now ports in Vancouver, Los…
[READ MORE]

Is the Eagle Ford staging a comeback?

Oil exploration and production companies are showing renewed interest in South Texas' storied Eagle Ford oil field, which was all but abandoned by drillers during the two-year energy bust as companies hunted for the most economical acreage. Two big Eagle Ford deals this month have drawn price tags of about $15,000 per acre - roughly three times higher than last…
[READ MORE]

China’s Oil Collapse Is Unintentionally Helping OPEC

OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer. China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size as the output cut agreed…
[READ MORE]