Industry heavy-hitters reveal their top assets outside of the prolific Permian Basin during a CERAWeek by IHS Markit discussion in Houston. Before “Permania” reignited the oil and gas industry’s lust Continue Reading
Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said. Despite commitments to cut production Continue Reading
Saudi Arabia is handing customers in the world’s biggest oil market sweet treats while limiting sour supplies. The producer cut volumes of its Arab Medium and Arab Heavy crude for Continue Reading
If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member, given its production of about 600,000 barrels of oil Continue Reading
Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the Continue Reading
Australia is posed to build an electricity network with 100 percent renewable energy, that is both affordable and secure, and that utilizes existing technology. The Australian National University has published Continue Reading
For the second day running, China data have economists scratching their heads. Tuesday came a surprise increase in foreign-exchange reserves. Wednesday, it was an unexpected trade deficit—China’s first in three Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. U.S. crude oil inventories surged last week to another record high, Continue Reading
The dollar rose to a high for the week after a private employment survey signaled upside risks to forecasts for Friday’s U.S. jobs report. The greenback rose versus all of Continue Reading
Tax collections from oil and gas production last year were more than 10 percent off the previous year, though the Oklahoma state treasury expressed optimism. S&P Global Ratings lowered its Continue Reading
