Oil and Gas Industry

USA Crude Oil Inventories Decrease

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending March 8 to the week ending March 15, the U.S. Energy Information Administration (EIA) revealed in its latest weekly petroleum status report.

Study finds nuclear energy could benefit environment, economy, but not without concerns about costs and public reception

Carbon-free electricity generated at nuclear power plants could aid Michigan’s goal of having 100% of its electrical generation from clean sources by 2040, but not without consideration of issues such as the significant expense of new nuclear power, unresolved questions about nuclear waste disposal, and siting challenges, according to a Nuclear Feasibility Study presented to the Michigan Public Service Commission and conducted at the behest of the Michigan Legislature.