U.S. importing more oil for the first time since 2010
The U.S. Energy Department said it expected more crude oil will enter the country from foreign countries in part because U.S. oil was less cost effective. During the first half Continue Reading
As Oil Bust Recedes, Is a Barroom Brawl About to Break Out?
Oil-field services companies such as Halliburton and Schlumberger say they have sharpley reduced their prices… The worst of the oil bust may be over, but the energy industry’s infighting has Continue Reading
U.S. crude oil imports increase during first half of 2016, the first increase since 2010
U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, during the first half of 2016 compared to the first half of 2015. This increase reverses Continue Reading
Oil Heavyweights Worry About Future Oil Supply
The top oil officials and executives gathered in London this week for the Oil & Money conference, jointly hosted by the New York Times and Energy Intelligence. Several headlines came Continue Reading
Permian And Eagle Ford Recover As Rig Count Rises To 8 Month High
Shale drilling This week’s Baker Hughes report shows an 11-rig increase in the United States oil count, marking 17 straight weeks of no-decline in the active rig figure. The streak Continue Reading
U.S. Oil And Gas Is Changing To Survive
”Come writers and critics Who prophesize with your pen And keep your eyes wide The chance won’t come again.” Nobel Prize winner Bob Dylan must have been an oilman in Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
The Railroad Commission of Texas (RRC) has recently reported new data for oil and natural gas output through August 2016. Dean Fantazzini has kindly shared his corrected data using the Continue Reading
Russia eyes record-high oil output, but sticks to ‘freeze’ option
OPEC’s agreement on an new production target has been followed by a bout of renewed optimism about the rebalancing of the oil market. But there are so far few signs Continue Reading
Russia won’t keep low oil profile
Russia is not going to keep a low profile in the global battle for a stronger presence in the oil market, the head of oil company Rosneft said. The Organization Continue Reading
Europe breaking Russia’s energy grip on Finland
The signing of an investment deal for a Baltic gas pipeline is the first step in breaking Russia’s grip on Finland’s energy sector, a European official said. European Commission President Continue Reading