$67 Oil Has All The Majors Converging Here
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy Continue Reading
The US Is Pumping All This Oil, So Where Are The Benefits?
The U.S. has ramped up oil production so dramatically that it’s joined Saudi Arabia and Russia as one of the world’s largest producers. Just glance at the chart below. Since Continue Reading
Turning to frack tech, stricken U.S. oil drillers test new limits
Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top U.S. shale producers are pushing fracking technology to new extremes to get more oil Continue Reading
Sabine Oil & Gas May Reject Pipeline Contracts
A judge ruled that a bankrupt oil-and-gas producer could shed expensive contracts it made with pipeline companies when energy was booming, rejecting pipeline firms’ claim that even bankruptcies couldn’t break Continue Reading
Canadian crude oil exports to US Gulf Coast double in 2015: NEB
Canadian crude exports to the US Gulf Coast more than doubled in 2015 while non-US exports tumbled, according to the latest data from Canada’s National Energy Board. Bolstered by new Continue Reading
Rosneft May Top Gazprom as Kremlin’s Crown Jewel of Energy
The two energy companies at the heart of Russia’s economy are on the verge of a historic reversal that could subtly shift the balance of power in the corridors of Continue Reading
Eni Starts Pumping Oil From World’s Northernmost Offshore Platform
After long delays and cost overruns, Italian oil company Eni SpA has started to pump oil from the world’s most northern offshore platform, Goliat, which is located in the Arctic Continue Reading
Oil Prices Rise on Hopes Glut Will Ease
Oil prices rose on Friday after a top energy monitor said that prices might have bottomed on hopes that falling supply would help alleviate the global glut of crude. The Continue Reading
Oil jumps as yuan hits 2016 high; investors put fresh cash into oil
Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally Continue Reading
Oil prices may have bottomed, says IEA
Oil prices may have “bottomed out”, the west’s energy adviser said on Friday, seeing an end to a 20-month rout that is finally forcing high-cost producers to curtail output. The Continue Reading