Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of “American energy Continue Reading
President Donald Trump wants to sell part of the reserve. (Bloomberg) — The weather was hot and humid on July 21, 1977, the day the U.S. government began stockpiling oil. Continue Reading
A heated debate in the pages of one of the country’s most renowned scientific journals has gained national attention. The debate is over whether a combination of wind, solar, and Continue Reading
U.S. oilfield services company Schlumberger announced a deal that establishes it as the majority owner in Russia’s largest drilling and services provider. Extending a six-year relationship, the leading services contractor Continue Reading
Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties. MOSCOW, July 21 (Reuters) – U.S. Continue Reading
Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market. However, Brent crude oil prices remain below the key $50 Continue Reading
Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is Continue Reading
The most recent report on the U.S. oil market offers a mix of data, providing ammunition for both oil bulls and bears alike. One can find whatever they want in Continue Reading
Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation. Continue Reading
The on-going diplomatic feud in the Persian Gulf pitting Qatar against a coalition of Arab states led by Saudi Arabia has already disrupted regional affairs to a significant extent: economic Continue Reading
