The American Petroleum Institute (API) reported a major draw of 7.839 million barrels in United States crude oil inventories, compared to analyst expectations of a modest draw of 2.272 million Continue Reading
Continental Resources Inc ( CLR.N ) cut its 2017 capital budget on Tuesday, the latest U.S. shale oil producer to cut back on drilling and fracking equipment amid tepid crude Continue Reading
An energy company’s decision to abandon work on a nuclear project in South Carolina has left the state reeling and the governor seeking one of several solutions to save at Continue Reading
Oil and gas is, apparently, the latest industry that millennials have marked for death . They don’t want to work in the industry because it’s dirty, difficult, and dangerous . Continue Reading
Shell will try to restart this Friday one of the two crude distillation units at its 404,000-bpd Pernis refinery—the biggest refinery in Europe—after it was shuttered following a fire at Continue Reading
Poland is willing to keep buying natural gas from Russia if conditions are right, though its economy is moving in another direction, the foreign minister said. Poland relies on Russian Continue Reading
Norwegian energy company Statoil finds only small amounts of gas after looking to build up its oil portfolio in the Barents Sea. Image courtesy Statoil Aug. 7 (UPI) — Norwegian Continue Reading
Oil futures edged down on Monday, on concerns about major oil producers’ wavering commitment to output caps and ahead of a meeting of the Organization of the Petroleum Exporting Countries. Continue Reading
Oil prices held near nine-week highs on Monday, buoyed by robust U.S. jobs data last week and a slight fall in U.S. drilling, although rising output from OPEC capped gains. Continue Reading
The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at Continue Reading
