Crude oil prices settled higher Aug. 4 following more bullish US economic data and expectations of a large drawdown in US crude inventories. NYMEX September WTI settled 69 cents higher Continue Reading
Brent oil futures on Tuesday closed at their highest since early March on hopes the United States is making progress on a new economic stimulus package, as well as curbing Continue Reading
With Libya’s conflict escalating, the country’s crude oil exports are set to be just 1.2 million barrels in August, a 40-percent plunge from July, Bloomberg reported , citing an initial Continue Reading
Iraq’s nationwide crude exports fell in July to 3.192 million barrels per day (bpd), their lowest monthly average since 2015, as the Oil Ministry continued to throttle back output in Continue Reading
Saudi Arabia has constructed with Chinese help a facility for extracting uranium yellowcake from uranium ore, an advance in the oil-rich kingdom’s drive to master nuclear technology, according to Western Continue Reading
Like many Middle Eastern countries in the catastrophic aftermath of Saudi Arabia’s latest oil price war folly against the U.S. shale sector, Oman has been left in the position of Continue Reading
America’s most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: drilling just to ward off production drops. The pandemic and subsequent plunge in crude Continue Reading
As the US shale boom sent the country’s crude production soaring over the past decade, the oilfield services companies that do everything from drilling producers’ wells and laying pipes to Continue Reading
The global coronavirus pandemic–a true black swan event–has altered the course of the entire oil and gas industry, and not even the mighty US shale industry will emerge unscathed. Employment Continue Reading
Tesla looks to significantly expand its retail and sales presence in North America, China, and other countries, as it is gearing up for increased sales over the next years, Electrek Continue Reading
