A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September Continue Reading
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. U.S. refiners have been bracing themselves Continue Reading
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Amrita Sen: U.S. crude oil output from shale basins could peak in 2024. So far this year, the United States has managed to increase its total crude oil production by Continue Reading
Global shortages of middle distillates such as diesel, gas oil, and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business Continue Reading
Analysts at Standard Chartered no longer expect 2023 average global oil demand to surpass 2019’s all-time high. Analysts at Standard Chartered have announced in a new report that they no Continue Reading
The American Petroleum Institute (API) reported a large build this week for crude oil of 7.054 million barrels. U.S. crude inventories have grown by roughly 28 million barrels so far Continue Reading
Forecast Highlights Winter Fuels Outlook In our Winter Fuels Outlook, we forecast that average household expenditures for home heating fuels will increase this winter because of both higher expected fuel costs Continue Reading
Highlights Lowers WTI, Brent price forecasts Warns of higher winter heating oil costs US crude output to average 12.4 million b/d in 2023 The US Energy Information Administration on Oct. Continue Reading
Jamie Dimon, the chief executive of JP Morgan, called on the U.S. oil industry to boost crude production to make up for OPEC+ cuts that could cause a severe shortage Continue Reading
