When looking at some of the key figures for the oil and gas industry this week, in which we see that oil prices have lost some of their gains and in which we continue to notice a decline in U.S. crude oil production which has now slipped below 9 million barrels per day. (ClIck to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday April 15th 2016 Oil prices held their ground above $40 per barrel this week, bouncing around at their highest levels since December 2015. Prices lost some ground at the end of the week but held their ground, awaiting the result from Doha when several OPEC members sit down with Russia to hash out their production freeze deal. There has been a lot of confusion surrounding the meeting – whether Saudi Arabia would sign up without Iran’s participation, whether or not […]