Oil Price Slide Puts Pemex in Spotlight
The drop in Mexican crude oil prices this week to around $20 a barrel is likely to put pressure on an already tight budget of state oil company Petróleos Mexicanos, Continue Reading
Hefty maintenance schedule looms for Canada oil sands producers
Canada’s biggest oil sands producers, which have stubbornly resisted halting output even as the price of their crude hits record lows, are planning a higher-than-normal maintenance schedule this year The Continue Reading
Plugging Methane From Oil Wells Seen Topping $125 Million
The Obama administration moved for the first time Friday to stop energy companies from releasing unwanted natural gas from oil wells drilled on federal lands, a practice that environmentalists say Continue Reading
Texas oil production slumps 5 percent
Crude oil production of 70.9 million barrels in November for Texas was nearly 4 million less than the previous month, a state energy regulator said. The Railroad Commission of Texas, Continue Reading
Moody’s: Low cash flow for oil and gas drillers
North American companies focused on exploration and production can expect the market to deteriorate further as low oil price pressures endure, Moody’s said. “Even under a scenario with a modest Continue Reading
Obama Administration Proposes Cutting Methane Waste from Oil, Natural Gas Production
The Interior Department proposed rules Friday to cut methane emissions from oil and natural gas operations on federal lands, the latest move in President Barack Obama ’s climate change agenda. Continue Reading
Russia sees oil settling near $30 per barrel
Oil market volatility can’t last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said. Crude oil Continue Reading
Russians’ Anxiety Swells as Oil Prices Collapse
Last year was bad enough financially for Sergei and Victoria Titov, both music teachers getting along in years. Her government salary was slashed by one third, and rampant inflation put Continue Reading
Oil Prices Edge Up; Gains Likely to Reverse Soon
Crude oil prices staged a rally in afternoon Asia trade Friday after the European Central Bank hinted at more stimulus measures, but the commodity’s expanding global surplus is expected to Continue Reading
Oil rises 5 percent to above $30 as cold weather pushes demand
Oil prices rose 5 percent on Friday to scale the $30 mark breached last week, as cold U.S. and European weather as well as firmer financial markets gave traders reason Continue Reading