Is $65 The Ceiling For WTI?
The oil price rally that began a year ago is at a crossroad. In February, WTI futures fell from a 3-year high of more than $66 to less than $60 Continue Reading
Iraq says in talks with Chevron about Majnoun oilfield
Iraq is in talks with Chevron Corp about the Majnoun oilfield, an Iraqi oil ministry official said on Tuesday. The official, Abdul Mahdi al-Ameedi, head of the ministry’s licensing and contracts Continue Reading
As Oil Price Increases, Does Employment Follow?
Crude oil prices and rig counts are rising in the US and many are wondering how this will affect industry employment. As the oil and gas industry welcomed higher crude Continue Reading
U.S. to overtake Russia as top oil producer by 2019 at latest: IEA
The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil Continue Reading
Study finds global emissions of ethane and propane underestimated by more than 50%
Global levels of the hydrocarbons ethane and propane in the atmosphere have been underestimated by more than 50%, according to a new study by a team of scientists from Europe Continue Reading
Oil steady after hitting three-week top; Saudis to keep output…
il steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort Continue Reading
Corporate America’s new dilemma: raising prices to cover higher transport costs
The drive for cost cuts and higher margins at U.S. trucking and railroad operators is pinching their biggest customers, forcing the likes of General Mills Inc and Hormel Foods Corp Continue Reading
Crashing Cushing Inventories Boost Oil Prices
Oil prices jumped on Thursday after the EIA reported a surprise drawdown in crude oil inventories, ending several consecutive weeks of inventory builds. The report was the most bullish in Continue Reading
Oil Prices Rise As Bullish Sentiment Returns
It was a bumpy week for crude benchmarks, although WTI and Brent jumped sharply on Thursday after the EIA reported a surprise drawdown in crude oil stocks. U.S. oil production Continue Reading
Oil rises more than 1 percent as Libyan outage supports
Oil prices rose more than 1 percent on Friday, supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an OPEC-led effort to erode stockpiles is Continue Reading