U.S. crude oil refinery inputs averaged 9.9 million barrels per day during the week ending February 26, 2021 which was 2.3 million barrels per day less than the previous week’s Continue Reading
This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the Continue Reading
Temperatures dipped far below normal levels in the mid-region of the US during the week ending Feb. 19, causing substantial production freeze offs and power outages at refineries, terminals, and Continue Reading
Highlights Basin capable of 200,000 b/d growth for some years Pioneer, with Parsley add, now has 20 rigs in basin Majors greatly reduced Permian rigs in past year Houston — Continue Reading
When Weatherly Oil and Gas filed for bankruptcy in February 2019, the company was walking away from several hundred Texas wells. Many hadn’t produced a drop of oil in years. Continue Reading
Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial Continue Reading
The long-awaited, much-anticipated energy market recovery has begun, Baker Hughes CEO Lorenzo Simonelli said on Monday during CERAWeek, according to Reuters . The oil and gas industry suffered last year Continue Reading
The energy transition took off in a big way just as the coronavirus pandemic was overtaking the globe in 2020, but fossil fuels are still seen growing at least through Continue Reading
As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy Continue Reading
U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report . U.S. crude oil production fell Continue Reading
