North Dakota oil output rises back above 1 mil b/d in Feb
Up 5% from Jan; first month above 1 mil b/d since Nov Spring thaw will slash output, but rebound expected by May Bakken spot prices rise while breakeven prices fall Continue Reading
Weekly US coal production estimate drops to lowest level of year: EIA
Weekly US coal production totaled an estimated 13.77 million st in the week that ended Saturday, down 5% from the prior week but up 19.9% from the same week a Continue Reading
U.S. Oil-Rig Count Climbs by 11
The number of rigs drilling for oil in the U.S. rose by 11 in the past week to 683, according to oil-field services company Baker Hughes Inc. The Baker Hughes Continue Reading
U.S. offshore oil production on the rise
With two oil fields in the Gulf of Mexico starting production this year, and five on tap for 2018, offshore production is set to increase, a U.S. report found. Eight Continue Reading
U.S. Oil Rig Count Climbs to Highest in Almost Two Years
U.S. crude production will likely rise in the months ahead as explorers added rigs for a 13th week, capping the longest stretch of gains since 2011. Rigs targeting crude rose Continue Reading
Russia tapping deeper into Arctic oil basin
Russian oil company Gazprom Neft said it finished drilling a new production well at one of its flagship fields above the Arctic Circle. The company said it finished the well Continue Reading
Oil prices flat as IEA report counters higher U.S. output
Oil traded flat on Thursday after weekly data indicated a continued rise in U.S. production, while an International Energy Agency (IEA) report said the market was close to balance. Benchmark Continue Reading
Oil majors’ reserves are shrinking and investors don’t mind
As crude prices recover, oil majors face a dilemma – how quickly should they seek to replenish reserves? It’s the same question the cyclical oil industry has tackled many times Continue Reading
Oil Falls After EIA Data Show U.S. Output Continues Growth
Oil prices ended a six-session streak of gains after federal data showed U.S. crude output continued its relentless growth. Crude prices slid, giving up earlier gains, after the U.S. Energy Continue Reading
OPEC sees rivals’ oil output rising as it over-delivers on cuts
OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a Continue Reading