Five missing after Oklahoma oil and gas drilling site explosion
Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. The fire had been fed by gas from Continue Reading
Drilling services company Halliburton upbeat about North America
After a year of volatility, the recovery in crude oil prices so far this year could support growth in North America, drilling services company Halliburton said. Halliburton posted mixed results Continue Reading
Trump’s Offshore Drilling Plan Is A Slippery Slope
The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark Continue Reading
Trump administration puts 30% tariff on solar panel imports
The US Trade Representative said Monday that President Donald Trump has approved recommendations to impose tariffs on imported solar cells and modules over the next four years. US Trade Representative Continue Reading
Lloyd’s Sees No Room For Coal In New Investment Strategy
The world’s oldest insurance market, Lloyd’s of London, is the latest member of the European insurance industry that will divest from coal, beginning in April this year. It will be Continue Reading
Oil, Gas Will Help Scottish Economy Grow in 2018
Scotland’s economy is expected to continue growing in 2018, supported by an improved outlook for the oil and gas sector. Scotland’s economy is expected to continue growing in 2018, supported Continue Reading
Oil rises as Saudi Arabia says producers will cooperate beyond 2018
Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices would continue beyond 2018. Strong Continue Reading
The No.1 Challenge To The Oil Rally
The International Energy Agency (IEA) acknowledged in its latest Oil Market Report that the recent rally in oil prices came on the heels of significant tightening, but that the supply Continue Reading
Next OPEC+ ministerial meeting planned for April: RIA
The next Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will be held in April in Saudi Arabia, Russian RIA news agency reported on Sunday, citing an OPEC statement. It also said Continue Reading
OPEC, Russia Signal Global Oil Alliance May Endure Past 2018
Oil market still isn’t fully re-balanced, Russia’s Novak says It’s unclear whether inventories will drop at same pace: Falih OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until Continue Reading