OPEC, for some quiet moments..

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Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.S. Federal Reserve minutes suggested it was in no hurry to raise interest rates and an influential forecaster predicted a price rally.

Oil extends gains, set for biggest weekly rise since 2009 - Yahoo Finance

The White House has come under fire following the publication of a policy announcement saying that the administration “strongly opposes” legislation to remove restrictions on U.S. crude oil exports. According to the policy statement, such legislation “is not needed at this time” and Congress should focus “its efforts on supporting our transition to a low-carbon economy.”

White House criticized over oil export veto threat

The United States' natural gas demand is currently growing at the fastest pace since the early 1970s, and demand growth has now supplanted supply growth as the cornerstone for the outlook of the U.S. natural gas industry over the next five years, according to a new CoBank research report.  The newly issued report, U.S. Natural Gas Outlook through 2020: Demand Is the New Captain of the Ship, points out that the promise of low-cost, reliable natural gas supplies has spurred major investments by all end-users. As a result, the demand for U.S. natural gas will grow 25% over the next five years, with gas exports accounting for over half the growth.

U.S. will be net exporter of natural gas by 2017, report says

Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas’s sprawling Eagle Ford shale formation, Brett Pennington is carrying out a little experiment. What will happen, the exploration chief wants to know, when he jams huge quantities of sand down the narrow mouth of one of these wells. Will more crude seep out? Or, rather, will he smother the opening and choke off the flow?

America’s oil output refuses to collapse. Here’s one reason why.