Stephen Cunningham

Government, Business, Fuel

US Oil Output to Fall Next Year for First Time Since 2016

oil pump in North Dakota A pumpjack operates above an oil well at night in the Bakken Formation on the outskirts of Williston, N.D. (Bloomberg)

U.S. oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year, the Energy Information Administration said March 11.

Stephen Cunningham | Bloomberg News
March 11, 2020
Government, Business

US Lifts Sanctions on Unit of China COSCO Shipping Corp.

COSCO Shipping Corp. (Yorgos Karahalis/Bloomberg News)

The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions.

Stephen Cunningham | Bloomberg News
January 31, 2020
Government, Business, Fuel

US Energy Chief Shrugs Off Permian Oil Slowdown as ‘Pause’

Dan Brouillette Dan Brouillette by Al Drago/Bloomberg

The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to new U.S. Energy Secretary Dan Brouillette.

Stephen Cunningham | Bloomberg News
December 18, 2019
Government, Business, Technology, Fuel

Williams CEO Says Its Gas Pipe Can Help Cuomo’s NY Green Goals

New York Gov. Andrew Cuomo New York Gov. Andrew Cuomo by Peter Foley/Bloomberg News

A natural gas pipeline that has been held up by New York could help Gov. Andrew Cuomo meet his ambitious clean energy goals if he approves it, according to the developer behind the $1 billion project.

Stephen Cunningham | Bloomberg News
October 22, 2019
Government, Business, Fuel

With an Eye on Trump, Refiners Tout IMO Clean Fuel Rule as US Win

oil Luke Sharrett/Bloomberg News

U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push.

Stephen Cunningham | Bloomberg News
April 11, 2019
Business, Fuel

Motorists Likely to Pay Less at Pump This Summer

Luke Sharrett/Bloomberg News

American drivers probably will pay less to fill up this summer as oil prices are forecast to be lower than last year.

Stephen Cunningham | Bloomberg News
April 10, 2019
Government, Business, Fuel

US Cuts Oil Production Forecast for First Time in Six Months

oil Brittany Sowacke/Bloomberg News

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.

Stephen Cunningham | Bloomberg News
March 13, 2019
Government, Business, Fuel

US Holds Steady on Outlook for Domestic Oil Production Rising Despite Lower Prices

Oil drilling Luke Sharrett/Bloomberg News

The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate.

Stephen Cunningham | Bloomberg News
December 11, 2018
Government, Business, Fuel

Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate

oil refinery Darryl Dyck/Bloomberg News

U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.

Stephen Cunningham | Bloomberg News
October 19, 2018