News & Analysis as of

Energy Sector Crude Oil

Kelley Drye & Warren LLP

White House Imposes Additional 25% Tariffs on Indian Goods

Wednesday morning, the White House declared a new national emergency on products of countries that are ​“directly or indirectly” importing crude oil and petroleum products from the Russian Federation. The executive order...more

Alston & Bird

China Hits Back with Retaliatory Tariffs

Alston & Bird on

China announced overnight that it will impose its own tariffs in retaliation for the newly announced U.S. tariffs. China has indicated that, effective February 10, 2025, it will impose a 15% tax on certain types of coal and...more

Flaster Greenberg PC

Canada’s Energy Exports Suffer Under Political, Economic Uncertainty

Flaster Greenberg PC on

Canada's troubled Prime Minister, Justin Trudeau, faced growing calls to resign last week after his Deputy Prime Minister and Finance Director, Chrystia Freeland, resigned over disagreements about government spending....more

Oliva Gibbs

Increased Efficiencies in the Permian Basin Contribute to National Growth

Oliva Gibbs on

In April of 2024, the Railroad Commission of Texas (“RRC”) posted a year-end review of production for the year of 2023. According to the RRC, Texas oil and gas production reached record highs in the year of 2023....more

White & Case LLP

Modification of the guidelines regulating the issuance of import and/or export Permits for hydrocarbons and petroleum products

White & Case LLP on

On September 18th, the "Agreement Amending the One that Establishes the Goods Whose Import and Export are Subject to Regulation by the Ministry of Energy" (the "Agreement") was published in the Official Gazette of the...more

Holland & Knight LLP

Reducen tarifas de retención y autorretención para el sector minero e hidrocarburos en Colombia

Holland & Knight LLP on

El Gobierno Nacional de Colombia modificó mediante el Decreto 0242 de 2024 las tarifas de retención y autorretención aplicables a las empresas del sector minero y de hidrocarburos. Estas modificaciones fueron realizadas con...more

Bracewell LLP

Expert Determination in the Energy Sector – When Will the Courts Intervene?

Bracewell LLP on

It is not uncommon for parties to agree that certain disputes should be referred to an expert for determination. However, when those disputes arise, the parties may disagree about the scope of the exercise to be carried out...more

Opportune LLP

The Consequences Of Rising Inflation & Crude Oil Prices

Opportune LLP on

Ryan Dusek, Director in the Commodity Risk Advisory Group at Opportune LLP, discusses what the Fed is doing to combat inflation, how inflation is impacting crude oil prices and the broader economy, and more....more

Opportune LLP

The Fed’s Fight Against Inflation: Is WTI Crude Oil Recession Proof?

Opportune LLP on

How quickly things have changed. Just a year ago, the Federal Open Market Committee (FOMC) gave a picturesque view of the economy. Any inflation was transitory and would likely fall to 2% in 2022. The federal funds rate would...more

White & Case LLP

Amendments regarding import and export permits for hydrocarbons and petroleum products

White & Case LLP on

Following our client alert published on November 17, 2020, it is informed that the Resolution that establishes the products whose import and exports is subject to regulation by the Ministry of Energy (the "Resolution") was...more

Steptoe & Johnson PLLC

The May STEO Forecasts Good News on Predicted Pricing, But Concerning Predictions on Production

Steptoe & Johnson PLLC on

The U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook (“STEO”) on May 12, 2020, but noted that it was subject to “heightened levels of uncertainty because the effects on energy markets of...more

King & Spalding

Railroad Commission of Texas (“TRRC”) to Rule on Proposed Proration on May 5, 2020

King & Spalding on

Over a hearing that lasted over 10 hours on April 14, 2020, the TRRC listened as oil and gas industry participants and stakeholders provided their input on a motion by Pioneer Resources USA Inc. and Parsley Energy Inc....more

A&O Shearman

WTI Goes Below $0—A New World or a Bad Day?

A&O Shearman on

The spot price of WTI crude oil dropped below $0 for the first time in history today. While a supply glut for crude oil exists, the true value of crude going forward is not near or below $0....more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: April 2020 #3

U.S. Banks Prepare to Seize Energy Assets as Shale Boom Goes Bust - "Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans...more

Opportune LLP

US Oilfield Services Sector Will Be Test Of Survivability, Not Profitability

Opportune LLP on

Oilfield services companies, like many others in the energy industry, are feeling the pain of low oil prices and reduced capital spending by upstream companies brought on by the global COVID-19 pandemic, which is reducing...more

Jackson Walker

Railroad Commission of Texas to Consider Market-Demand Prorationing of Oil Production

Jackson Walker on

On April 14, 2020, the Railroad Commission of Texas (RRC) will conduct an initial public conference to consider the joint application of Pioneer Natural Resources USA, Inc. and Parsley Energy, Inc. for market-demand...more

Akin Gump Strauss Hauer & Feld LLP

OFAC Sanctions Key Rosneft Subsidiary and Executive for Operating in the Oil Sector of Venezuela

- On February 18, 2020, OFAC designated Rosneft Trading, S.A. (Rosneft Trading), a subsidiary of Russia-based Open Joint-Stock Company Rosneft Oil Company (Rosneft Oil Company), and its president, Didier Casimiro, on the SDN...more

Opportune LLP

3 Reasons Why WTI Crude Oil Could Reach $70

Opportune LLP on

The recent events in Iraq – the attacks on a U.S. embassy, a U.S. drone strike that killed an Iranian general and Iran’s missile attack on a U.S. air base in Iraq – has created renewed tension in the Middle East with crude...more

Steptoe & Johnson PLLC

It’s a Wrap: New Outlooks for 2020

Steptoe & Johnson PLLC on

Many of us have the end of the year and the end of the decade on our minds: wrapping up projects, working to close deals and matters, and striving to end the year on as high of a note as we possibly can. It is hard to believe...more

Steptoe & Johnson PLLC

Potential Oversupply and Slower Demand: Will OPEC Extend Production Cuts?

Steptoe & Johnson PLLC on

There is one thing on the mind of many folks involved in the oil and gas industry – the upcoming OPEC meeting in Vienna.  On June 25, 2019, the 176th OPEC meeting will be held....more

Steptoe & Johnson PLLC

Another Oil Glut Feared?

Steptoe & Johnson PLLC on

The headlines are all talking about supply and demand; specifically, oil supply and its impact on the price of oil. As of the posting of this, WTI Crude is sitting at $58.07 per barrel and Brent crude is at $67.85 per barrel,...more

Steptoe & Johnson PLLC

Up a Bit, Down a Bit: The Pricing Rollercoaster

Steptoe & Johnson PLLC on

Watching commodity pricing is a bit like watching a rollercoaster – it goes up one minute, down the next, then up again and down. Today’s oil prices are no different. We started the day up a bit, and this afternoon we are...more

Steptoe & Johnson PLLC

Crude Oil Prices: What Lies Ahead?

Steptoe & Johnson PLLC on

We are constantly trying to predict the future of oil prices – that is just the nature of the beast in this business. So many things begin, and end, with the price of oil for us. Luckily, the U.S. Energy Information...more

Steptoe & Johnson PLLC

What Factors are Influencing Colorado’s Future Role in the U.S. Energy Sector?

It is no secret that Colorado is, and has been in recent years, a hot state in the domestic energy sector. One of the reasons that the state has been a hotbed for development is due to the potential that the state has for...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - January 2019 #3

More, Deeper Wells Planned for Existing Marcellus Site in Washington Township - "CNX has applied to the state Department of Environmental Protection for a permit to drill four new wells to tap natural gas from Utica shale...more

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