U.S. Exporters Getting Creative About Moving Oil Globally

U.S. exporters have been getting creative, with the latest strategy involving backhauls of U.S. crudes on the same ships delivering foreign crude to U.S. ports. This has resulted in an increase of shipments to new destinations – some expected, some unexpected. With the continuing low oil prices, increasing innovation and reducing freight costs has become […]

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Obama Administration’s Overtime Regulation Will Increase Complexity and Costs for Energy Industry and America

New federal overtime pay regulations will make more than 4 million employees newly eligible for overtime pay – the earnings threshold will be $47,476 vs. $23,660 previously – when they work more than 40 hours a week. The Wall Street Journal calls the change “one of the most far-reaching regulations issued during President Barack Obama’s […]

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Senate Energy Bill Back on Track

After months of negotiations over the Senate energy reform agreement to consider the measure appears to have been reached next week. After lawmakers decided to put off fights on offshore drilling and money for Flint, Mich. About four hours of debate and votes are likely before final passage of the energy bill, S. 2012. The […]

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