The price for light, sweet crude oil for March delivery continued its downward momentum Feb. 10, settling at $27.45/bbl on the New York market, the lowest level since Jan. 20 when prices settled at nearly a 13-year low of $26.55/bbl. Source: News

The US Supreme Court told the Environmental Protection Agency in a 5-4 vote to delay implementation of its Clean Power Plan until a lawsuit 27 states filed to challenge it can be heard. The Feb. 9 order stays EPA’s implementation while US Circuit Appeals Court for the District of Columbia hears petitions for review by […]

Agencies across the federal government that regulate oil and gas activity would receive more money to enforce regulations and implement programs to increase clean-energy alternatives under US President Barack Obama’s proposed fiscal 2017 budget. Source: News

Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining “the dominant form of energy over the period,” according to the 2016 edition of the BP Energy Outlook. Source: News

Summit Midstream Partners LP (SMLP), The Woodlands, Tex., reported the start of operations of the Stampede Lateral crude oil transmission pipeline in North Dakota. SMLP is currently in the final stages of completing the nearby Little Muddy crude oil pipeline, which includes an interconnect with Enbridge Inc.’s North Dakota Pipeline System. Source: News