Finance Minister sees possible cut around 100 billion pesos Pemex budget cuts continue to exacerbate oil production losses Mexico will continue to hack into the budget of its oil producer Continue Reading
Equatorial Guinea’s economy will contract further this year due to falling oil output and low crude prices, the International Monetary Fund said. The outlook for the central African oil producer Continue Reading
The industry downturn continues to weigh on Asian oil and gas workers as redundancies continue to rise with no recovery in sight. Staff layoffs continue to rise for most Asian Continue Reading
Oil storage tanks Aging infrastructure could render the U.S. strategic petroleum reserve (SPR) increasingly ineffective, according to a new report from the Department of Energy. The U.S. has stored roughly Continue Reading
U.S. oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the Continue Reading
Protestors raise their fists in solidarity with a group from the Saginaw Chippewa Reservation in Mount Pleasant, Michigan as they enter an encampment. North Dakota’s governor activated 100 National Guard Continue Reading
French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the offshore marine sector because of Continue Reading
Could add 300,000 b/d annual production at $47-$57/b With crude near $60/b, US may see incremental 500,000 b/d-plus Eagle Ford, Bakken need $55-$60/b to start production boost Production in the Continue Reading
The provincial Canadian government in oil-rich Alberta said it was pushing forward with a jobs plan as the region’s economy drags down the nation. The federal Bank of Canada said Continue Reading
Manufacturing, an economic backstop in shale-rich Texas, is witnessing a drop in payrolls in an otherwise mixed bag, the Federal Reserve Bank of Dallas said. “Employment reports varied across sectors,” Continue Reading
