Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
India says too early to predict sanctions impact on Iran imports
India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Continue Reading
How Wall Street Enabled the Fracking ‘Revolution’ That’s Losing Billions
The U.S. shale oil industry hailed as a “revolution” has burned through a quarter trillion dollars more than it has brought in over the last decade. It has been a Continue Reading
Germany proposes consortium to protect Ukraine from Nord Stream losses
PALANGA, Lithuania (Reuters) – Germany has proposed setting up some sort of consortium to ensure that Ukraine retains its role as a transit country for Russian gas once the Nord Continue Reading
Russia To See Oil Revenues Jump Fivefold
Due to the oil price rally, Russia expects its oil and gas revenues to jump fivefold compared to the expected revenues set in its 2018 budget, according to the Finance Continue Reading
Texas oil drilling permits rose 34 percent in April
Texas’s energy regulator issued a third more oil and gas drilling permits in April than a year ago, according to data released on Thursday, as higher prices continue to spur Continue Reading
Less than one in three Americans support U.S. pullout from Iran deal
Less than one in three Americans agrees with President Donald Trump’s decision to pull the United States out of an agreement to limit Iran’s nuclear program, according to a Reuters/Ipsos Continue Reading
U.S. crude inventories, refined products likely fell last week
U.S. crude stockpiles were seen declining last week after rising for two straight weeks, and refined product inventories also likely fell, a preliminary Reuters poll showed on Monday. Five analysts Continue Reading
Saudis Rush Ahead In Blockchain Race
Saudi Arabia is apparently eager to adopt blockchain technology in its oil industry “and that’s huge,” according to one of the earliest blockchain developers Nick Spanos. Speaking to Bitcoin magazine, Continue Reading
Oil gains slightly after Fed sees economy growing at a ‘moderate rate’
Oil prices strengthened slightly ahead of the settlement Wednesday as the Federal Reserve held interest rates steady and expressed confidence that a recent rise in inflation would be sustained. The Continue Reading