Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation Continue Reading
Canadian oil production from a facility in Alberta has the same greenhouse gas intensity as U.S. oil, the head of producer Suncor said. Suncor said it’s completed its $13 billion Continue Reading
U.S. drillers added 2 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil and gas rigs each increasing by 1. The oil Continue Reading
Pipeline operator Energy Transfer Partners has restored power to a pumping station in West Texas and is in the process of restarting operations on two crude pipelines impacted by an Continue Reading
US energy companies added oil rigs for a third week in a row even though crude prices have declined about 8% over the past three weeks. June 8 (Reuters) – Continue Reading
The Permian basin is on fire, and the current boom cycle in its oil industry is posing an interesting challenge that area in Texas: Right now, that challenge is a Continue Reading
Jet fuel prices are at six-year highs, and part of the reason is linked to record U.S. shale crude production and the unique properties refiners contend with when they refine Continue Reading
More than $1 billion a day. That’s how much value a Permian Basin pipeline crunch wiped out from the explorers most focused on the booming U.S. shale region in two Continue Reading
Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. Continue Reading
Oil prices dropped on Wednesday after US data pointed to an unexpected build in crude and gasoline stockpiles. During the week ended June 1, US crude oil inventories increased by Continue Reading
