Has The Long Awaited Recovery Of Texan Oil Started?
Texas Oil Some positive signs indicate the long-awaited recovery in the Texas oil and gas industry may finally be on the way. But the climb back out of the hole Continue Reading
Obama May Be The Most Pro-Oil President In US History Photo of Robert Donachie Robert
Despite nearly eight years of anti-oil rhetoric, President Barack Obama may be the most pro-oil president in U.S. history. Chief among the reasons supporting this claim are that, under Obama’s Continue Reading
Batteries upend Peak Oil debate
If “peak oil” conjures up thoughts of when oil output will reach its maximum then you’re way behind the times. Now it’s all about demand. And rather than a debate Continue Reading
Oil Prices See Biggest Weekly Loss In Six Weeks
Despite a weaker dollar, oil prices are limping lower into the weekend, set for a first weekly decline in six. Next week we get a new month, and an onslaught Continue Reading
Offshore oil production in deepwater and ultra deepwater is increasing
Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production in water of Continue Reading
Oil Prices Sag Ahead of OPEC Vienna Meeting
Oil prices sagged on Friday as investors locked in earlier gains ahead of a meeting of oil producers this weekend, looking for more hints on a proposed deal to scale Continue Reading
Oil Heads for Weekly Drop as OPEC Meets to Discuss Output Quotas
OPEC committee gathers Friday as Iraq says it should be exempt Brazil to join other non-OPEC producers at meeting on Saturday U.S. oil is set for the first weekly drop Continue Reading
Oil prices dip on doubts OPEC can coordinate output cut
Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets Continue Reading
OPEC officials start meeting on implementing supply cut
OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting Continue Reading
OPEC Deadlocks Over Iran, Iraq Oil Production
A meeting of OPEC national delegates on Friday ended in a deadlock as Iraq and Iran disputed the data being used to allocate production cuts, officials said. Iraq and Iran Continue Reading