US light, sweet crude oil dropped moderately on the New York market Oct. 7 but still settled just below $50/bbl for November delivery while the December contract remained above $50/bbl. The Brent contract for December on the London market settled at just under $52/bbl on Oct. 7. Source: News

Mexico continues to make significant energy policy reforms. Some of its most important are taking place in its new National Agency for Safety, Energy, and Environment. Source: News

Chevron Corp. is planning to convert the existing 4,500-b/d hydrofluoric acid (HF) alkylation unit at its 53,000-b/d refinery in Salt Lake City, Utah, into the first-ever alkylation unit in the US based on ionic liquids (IL) alkylation technology. Source: News

Colder weather forecasts and greater demand for natural gas than last winter are expected to place upward pressure on gas prices this winter compared with last winter’s unusually low prices, the Natural Gas Supply Association said in its 2016-17 Winter Outlook assessment of the wholesale gas market. Source: News

The global integrated oil and gas business is stabilizing and will likely improve modestly from recent historical lows over the next 12-18 months, says Moody’s Investors Service in a recent report. Source: News

Christy Goldfuss, managing director of the White House Council on Environmental Quality (CEQ), provided scant comfort last month when she assured lawmakers new guidance on greenhouse gas emissions isn’t mandatory. Source: News

Geologists work where the rocks are, but advancing technology continually lightens the load for those in the field. Source: News

The upstream oil and gas economy in Texas contracted in August for the 21st consecutive month, according to the Texas Alliance of Energy Producers’ Texas Petro Index (TPI). Source: News

Surging populism and the related perils for trade are damping expectations for global economic growth. Source: News