The Panama Canal Authority has revised upward the draft restriction for vessels transiting the Neopanamax locks to 13.41 meters (44 feet) effective immediately. “This draft limit is based on the Continue Reading
Rain, security situation hampering pipeline repairs: union Three fields operated by company halted since July 15: union Occidental Petroleum Corp. will have to wait at least a few more days Continue Reading
U.S. employers hired at a steady pace in July, a sign of underlying strength for the labor market despite a host of mixed economic signals. Nonfarm payrolls rose by a Continue Reading
The number of rigs drilling for oil in the U.S. rose by seven in the past week to 381, the sixth straight week of increases, according to oil-field services company Continue Reading
U.S. oil producers are returning to the shale patch, adding rigs for a sixth-straight week in the longest streak of expansion since last August. Rigs targeting crude in the U.S. Continue Reading
Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs U.S. oil producers bring back rigs for sixth consecutive week U.S. oil drillers added rigs for the sixth-straight Continue Reading
Two years ago during the fracking boom, money was pouring into America’s oil and gas industry at a record clip. Now it’s leaving just as fast. A report Thursday from Continue Reading
Apache Corporation ( NYSE:APA ) reported on Thursday a second-quarter net loss, dropping to US$244 million from US$860 million for the same period of 2015, but still falling short of Continue Reading
World C+C using EIA data, but substituting the Russian Ministry of Energy Data for Russia shown in the chart below. The monthly peak was 81, 047 kb/d in Nov 2015. Continue Reading
WTI rose 6.1% previous two days after falling into bear market Baker Hughes reports rig data Friday as U.S. drilling expands Oil declined after the biggest two-day increase in more Continue Reading
