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Industry praises drilling proposal
The Interior Department’s rollout Monday of a finalized proposal to open 48 million acres of off-limits federal waters for exploration and drilling drew praise from the oil and gas industry, though some said the move would barely tap vast undiscovered resources.
“Most U.S. offshore areas in the lower 48 states and some 80 percent of the [...]
Industry praises drilling proposal
The Interior Department’s rollout Monday of a finalized proposal to open 48 million acres of off-limits federal waters for exploration and drilling drew praise from the oil and gas industry, though some said the move would barely tap vast undiscovered resources.
“Most U.S. offshore areas in the lower 48 states and some 80 percent of the [...]
Oil prices continue to fall
Qatar Oil Minister says OPEC has ‘no choice’ but to agree to cut production when it next meets in December.
Oil eased on Monday, struggling to recover from a 17-month low hit last week, as OPEC talk of a further supply cut reinforced doubts about the group’s existing reduction.
Traders and analysts said OPEC’s talk of a [...]
