India Putting Floor Beneath Oil Prices As Demand Continues To Soar
If oil prices are to continue their strong rally, they will have India to thank. India has emerged as the “star performer” of the oil markets, the IEA wrote in Continue Reading
U.S. and India Agree U.S. Company to Build Six Nuclear Reactors
The U.S. and India have agreed to move forward with the construction of six nuclear reactors in India by an American company, the first such contract since the countries signed Continue Reading
China Oil Imports Decline as Busy Port Curbs Crude Access
Oil imports by China, the world’s biggest consumer after the U.S., fell to a four-month low as congestion at one of its biggest ports curbed purchases from independent refiners. Inbound Continue Reading
The Epicenter of America’s Oil Bust Is Drawing Buyers
The vultures are descending on North Dakota. Investors hoping for a bargain are buying up oil and gas wells from cash-strapped operators in the state’s Bakken Shale, a bet they Continue Reading
U.S. Gasoline Use Rising to Record This Summer on Low Prices
U.S. gasoline consumption is set to climb to a record this summer as the lowest pump prices in more than a decade encourage Americans to take to the roads. Demand, Continue Reading
North American oil sector weathering storm
Even though a weakened oil economy means lower production, North American markets are secure enough to weather the storm, analysts said. Canada’s oil-based economy has been weakened significantly by the Continue Reading
Oil Field Services Provider Seventy Seven Files for Bankruptcy
Oil field services company Seventy Seven Energy Inc. filed for bankruptcy protection Tuesday with a plan to eliminate more than $1 billion in debt and hand control of the business Continue Reading
Shell to Go Ahead With Petrochemical Plant in Pennsylvania
The company first announced in 2012 that it was considering building a plant about 30 miles north of Pittsburgh in a faded industrial area along the Ohio River once lined Continue Reading
Oil Prices Stimulated By Fed’s Inaction
As the gruesome twosome of supply concerns and a weaker dollar persist, both Brent and WTI are marching on in fifty-dollardom. Hark, here are five things to consider in oil Continue Reading
Police Probe Finds Nothing to Suggest Aubrey McClendon Committed Suicide
When Aubrey McClendon drove his Chevy Tahoe into a bridge on March 2 , a day after he was indicted by a federal grand jury for allegedly rigging the price Continue Reading