Exxon Mobil Corp (XOM.N) ‘s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to Continue Reading
When Exxon Mobil Corp. decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers Continue Reading
EIA again boosts US summer gasoline demand outlook US oil output to rise to 11.8 mil b/d by next year OPEC production expected to rise to 28 mil b/d by Continue Reading
Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl, Continue Reading
As the prices of steel, cement and other raw materials climb higher and higher amid tightening supply, drillers in the U.S. shale patch are facing higher production costs, Bloomberg reports Continue Reading
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. Continue Reading
The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media this Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States fell this week, bringing the total rig count to 456—still a more than Continue Reading
BlackRock, the world’s largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition, Reuters quoted chief executive Larry Fink Continue Reading
Highlights Commercial crude stocks fall 5.0.8 million barrels Refinery net inputs rise 2.4% USAC gasoline stocks remain tight despite build US crude oil inventory declines extended in the week ended Continue Reading
