Trump administration has denied most onshore drilling relief requests: official

© Reuters. By Nichola Groom (Reuters) – The Trump administration has rejected most requests for royalty relief submitted by onshore oil and gas companies struggling with reduced demand for fuel and battered prices, a top Interior Department official said on Friday. Interior’s Bureau of Land Management has been fielding individual applications for royalty reductions and […]

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South Korea Out of Onshore Oil Storage for Third-Party Lease

© Bloomberg. SK Corp. refinery and storage tanks are pictured in Ulsan, South Korea. Photographer: Seokyong Lee/Bloomberg (Bloomberg) — South Korea has run out of oil storage space that can be leased to third-party companies, according to people with knowledge of the matter, as a global glut spurs a scramble for places to store {{8849|crude […]

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