Crude Surges Near $40 a Barrel
Oil prices surged to one of their strongest performances of the year as signs that oversupply may wane and the global economy may improve keep encouraging traders to bet on Continue Reading
Here’s why the markets may be decoupling from oil
Well, this is a bit of a disappointment. We have oil flying (up nearly 7 percent!), we have a weak dollar, we have China quiet all week, and we have Continue Reading
Weekly U.S. Oil-Rig Count Declines by 8
The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the sector, has fallen sharply since oil prices began to fall. But it hasn’t fallen enough to Continue Reading
Oil Production Vital Statistics March 2016
Since the possible double bottom at $26 formed on February 11th the oil price has staged a rally to $40 (WTI). Traders lucky enough to buy at $26 and sell Continue Reading
Support builds behind Turkmenistan gas pipeline for Pakistan
Bringing natural gas through a pipeline from Turkmenistan will help address chronic energy shortages in Pakistan, the Asian Development Bank said. ADB officials were on hand for the signing of Continue Reading
Huge Fire Erupts at ExxonMobil Refinery Near Houston
An enormous fire erupted an ExxonMobil refinery in Texas on Thursday. The Baytown refinery caught fire, leading to huge black plumes of smoke into the air, visible from downtown Houston. Continue Reading
US weekly coal production estimates dip to new low for the year:
Weekly US coal production totaled an estimated 11 million st in the week ended April 2, down 5.4% from the prior week’s estimate and down 37.9% from the year-ago week, Continue Reading
Three Oil Majors Have Debt Ratings Cut by Moody’s on Price Rout
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage Continue Reading
US Shale Oil Production Costs Fell by 30% from Decade High
Costs associated with shale oil exploration and production decreased by a third in 2015 thanks to implementation of more effective technologies. Experts are certain that this could affect crude oil Continue Reading
Keystone pipeline spill in South Dakota bigger than originally thought
Pipeline company TransCanada said about 400 barrels of oil leaked near the Keystone pipeline in South Dakota, far more than the company originally estimated. The company started the process of Continue Reading