Natural Gas News – November 22, 2017 Pennsylvania House leaves Marcellus Shale tax up in the air The Seattle Times reported: HARRISBURG, Pa. (AP) — Legislation in the Pennsylvania House of Representatives to impose a long-sought tax on Marcellus Shale natural gas production is up in the air until December. The Republican-controlled House adjourned until […]
The EIA’s oil report yesterday revealed some interesting trends that are relevant to both fuel suppliers and consumers. Crude inventories fell, which would normally boost oil prices, yet prices dropped below $50 yesterday. Gasoline stocks rose while diesel stocks fell, yet both products saw higher prices during yesterday’s trading sessions. While markets typically focus on […]
Gross U.S. crude oil imports in 2016 rose to an average of 7.9 million barrels per day (b/d), 514,000 b/d more than the 2015 average. Net crude oil imports increased by a smaller amount (460,000 b/d), as U.S. crude oil exports rose despite a decline in U.S. crude oil production. From a longer term perspective, […]
