The world’s biggest oil companies are systematically over-valuing their assets based on excessively optimistic forecasts of future prices, according to a leading investor. UK asset manager Sarasin & Partners has Continue Reading
The oil market is set to tighten further before the end of this year – a sign that OPEC’s early response to boost supply may not be enough to offset Continue Reading
Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We Continue Reading
(Reuters) – U.S. energy companies this week cut oil rigs for a second time in the past three weeks as the rate of growth has slowed over the past couple Continue Reading
Baker Hughes reported a decrease to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 4 rigs , according Continue Reading
U.S. sanctions on Iran and other supply-side pressures could erase nearly 1 million barrels of production per day this year and next, a report published Thursday found. The Westwood Global Continue Reading
Oil Slides on Surprise Increase in U.S. Inventories Russia boosted oil production to levels not seen since it joined OPEC in a coordinated output cut, helping the group offset supply Continue Reading
A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter but ultimately it was how much oil and gas they produced that differentiated Continue Reading
Shares of U.S. shale oil producers dropped on Wednesday after several companies posted a lower-than-expected quarterly profit from rising spending and hedging losses that kept them from fully benefiting from Continue Reading
U.S. crude oil refinery inputs averaged 17.5 million barrels per day during the week ending July 27, 2018, which was 195,000 barrels per day more than the previous week’s average. Continue Reading
