U.S. crude stocks rose less than expected last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.3 million Continue Reading
Crude stockpiles at Cushing, Oklahoma, the delivery point for U.S. oil futures, last week rose by 1.4 million barrels to 42.6 million barrels, the highest since Jan. 2018, the Energy Continue Reading
Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop Continue Reading
Roughly 20 percent of the hydraulic fracturing fleets that were active in mid-2018 have now been idled or are being idled, as lower oil prices prompt producers to tighten their Continue Reading
The head of state-run Kuwait Petroleum Corp, Hashem Hashem, said on Tuesday that global oil supply could be hit this year by big reductions in exports from Venezuela. The Trump Continue Reading
A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In 2017, Continue Reading
In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught and even thrived: the Permian Basin, straddling Continue Reading
ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Continue Reading
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the Continue Reading
A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out . They were concerned about high oil prices and a Continue Reading
