Despite assurances by the Nigerian National Petroleum Corporation, NNPC, of a return to normalcy in fuel supply, the fuel crisis worsened, yesterday, in Abuja, while transportation costs also rose astronomically. Continue Reading
U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation’s ongoing economic turmoil and U.S. sanctions on the country and state-run oil company Continue Reading
A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journal A broken oil platform in the lake. Photo: Fabiola Ferrero for The Wall Street Journalinvestment Continue Reading
Freezing temperatures in Beijing to continue until the end of Jan. Sub-zero temperatures in parts of northern China are driving power plant thermal coal consumption higher and stimulating additional demand Continue Reading
President Donald Trump’s effort to put coal miners back to work stumbled in most coal producing states lcoal-producing as overall employment in the downtrodden sector grew modestly, according to preliminary Continue Reading
U.S. energy companies this week cut oil rigs for the second time in three weeks even though crude prices traded near their highest level since 2014. Drillers cut five oil Continue Reading
Strong demand growth and an extended OPEC-led effort to balance the market suggests 2018 will be good for drilling services, Schlumberger’s head said Friday. Schlumberger is the world’s largest oilfield Continue Reading
Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. The Federal Reserve Bank Continue Reading
An offshore oil platform is seen in Huntington Beach, Calif. The International Energy Agency said in its monthly report that it expects U.S. oil production to overtake Saudi Arabia’s in Continue Reading
In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, Continue Reading
