North America recorded a 6 percent increase in exploration and production activity, though figures are still far lower than this time last year, data show. Oil field services company Baker Continue Reading
Explorers added oil rigs in the U.S. for a sixth consecutive week after OPEC’s pledge to cut output triggered a crude market rally, allowing producers to lock in higher prices Continue Reading
Pennsylvania Governor Tom Wolf speaks on the final night of the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 28, 2016. New regulations governing the extraction of natural gas through Continue Reading
Baker Hughes says 27 rigs operate in region, below 1999 low North Sea has been badly hit by the slump in oil prices The number of rigs drilling for oil Continue Reading
Steve Elliott, chief executive of the Chemical Industries Association, says Yes. Concerns that UK energy is expensive, and may be insecure, undermine investment. We need firms to invest in the Continue Reading
While the go-ahead for Cuadrilla is a chink in the armor, it’s nowhere close to what the country needs to replicate US success, according to analysts and academics. (Bloomberg) — Continue Reading
Hurricane Matthew bound for Florida, may disrupt fuel supplies U.S. crude inventories decline below 500 million barrels: EIA Oil held its gains above $50 a barrel after U.S. inventories fell Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. U.S. oil futures held above $50 per barrel on Friday as Continue Reading
Oil futures eased off a four-month high on Thursday after a sharp reduction in U.S. inventories fueled hopes that the market was beginning to work through its supply glut. Brent Continue Reading
A worker checks the valve of an oil pipe at an oil field owned by Russian state-owned oil producer Bashneft near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, January Continue Reading
