Alaska’s upstream oil industry is expecting to see a surge in exploration and development in 2019 as companies drill to delineate new North Slope and National Petroleum Reserve-Alaska discoveries. But Continue Reading
The US added two oil rigs this week, marking the second week of increases. The U.S. added two oil rigs this week, marking the second consecutive week for an increase, Continue Reading
Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Continue Reading
US crude supply was little changed week on week as an uptick in production was matched by sharply higher exports last week, US Energy Information Administration data showed Friday. US Continue Reading
The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria has berthed at the Continue Reading
Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories Continue Reading
Crude futures plunged ahead of the market settle Thursday as equity markets tested session lows in midafternoon trading. ICE February Brent settled $2.31 lower at $52.16/b and NYMEX February WTI Continue Reading
The American Petroleum Institute (API) reported a surprise crude oil inventory build of 6.9 million barrels for the week ending December 21, compared to analyst expectations that we would see Continue Reading
Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production Continue Reading
Oil prices roared back on Wednesday, rebounding and regaining some of the steep losses suffered in previous trading days. The bounce suggests there is some signs of life in the Continue Reading
