Energy Update

(Thu, 30 Jul 2015) EIA publishes several reports covering current crude oil and natural gas production conditions and how recent trends may affect the near-term outlook for the oil and gas industry. Each EIA product is distinct in its purpose, methodology, timeframe, and regional coverage. Some reports are considered estimates of actual production volumes, while others focus on future production.

NEW YORK, July 29 (Reuters) - Mexico has resumed its annual oil hedging program to lock in a price for its oil production and protect its bottom line against further falls in prices as U.S. crude teeters near March lows, three sources familiar with the deals told Reuters.

CALGARY, Alberta, July 29 (Reuters) - Canada's Conservative government is studying whether to extend Arctic drilling licenses, a move that could open the door to relinquishing millions of dollars in deposits paid by major energy companies.

PORTLAND, Ore., July 29 (Reuters) - Protestors rappelled off a bridge and formed a kayak flotilla in Portland, Oregon, on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return of a ship to Alaska that holds emergency equipment.