A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Higher crude output from the United States should pressure global oil prices through the end of 2018, Continue Reading
EIA lowers 2017 WTI price forecast to $50.68 from $52.24 Brent crude 2017 price projection revised down 3% to $52.60 U.S. crude production forecasts keep growing. The Energy Information Administration Continue Reading
Low consumer demand and low crude oil prices means lower gasoline prices in the United States. File Photo by hxdbzxy/Shutterstock May 9 (UPI) — Low consumer demand and even lower Continue Reading
The roof over part of an underground tunnel containing radioactive materials collapsed at a former nuclear-weapons production site in a remote part of Washington state, prompting an emergency declaration and Continue Reading
North American independents to lift outlays 51 percent in ’17 Wave of new crude supplies to hit world markets by end of year U.S. shale explorers are boosting drilling budgets Continue Reading
Members of President Donald Trump’s cabinet have a new catchphrase for how they see the future role of the US: not just “energy-independent”, but “energy-dominant”. As Ryan Zinke, the interior Continue Reading
As production in the Permian Basin continues to increase, the accompanying infrastructure has struggled to keep up. Expansions to pipeline capacity are needed to handle the heavier flow, as more Continue Reading
Crude futures rose on Tuesday, hovering above a five-month low, as investors bet on more production cuts by major producers, in the hope that global stockpiles will be reduced. Brent Continue Reading
Nationwide supplies forecast to drop by 2 million barrels OPEC ministers said to have discussed deeper supply cuts Oil held gains before government data forecast to show U.S. crude stockpiles Continue Reading
Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand, Continue Reading
