U.S. oil rig count rises five this week, 28 this month: Baker Hughes
The U.S. oil drilling rig count rose for the fourth week in a row and ended the month sharply higher as producers plan to boost output as they reap profits Continue Reading
Offshore Drillers Get Some, Not All, They Sought in Trump Reform
The Trump administration is moving to relax some offshore drilling requirements imposed in response to the Deepwater Horizon disaster but is rebuffing the oil industry’s plea for bigger changes. Proposed Continue Reading
Shell touts offshore momentum in quarterly report
Adding more opportunities in the offshore sector is part of the effort to retool the evolving portfolio for Royal Dutch Shell, its chief financial officer said. Shell is the latest Continue Reading
Progress noted for BP’s Mad Dog oil giant offshore U.S.
Work for BP is geared toward linking one of the largest fields in the U.S. Gulf of Mexico to a floating production unit, a services company said. “We are committed Continue Reading
Permian On Track To Become Largest Oil Basin In The World
The Permian Basin has long been touted as the fastest growing shale play in the United States, but now its oil-producing prowess is being highlighted again as the Energy Information Continue Reading
Bottlenecks Bring Christmas Early for Permian Refiners
( A good definition of Christmas for a commodities trader goes something like “this thing that costs X over here costs X+Y over there.” Christmas has come way early in Continue Reading
EIA: US Oil Stocks Build Unexpectedly Despite Record High Exports
U.S. crude oil and gasoline inventories unexpectedly rose last week even as exports hit record highs, the Energy Information Administration said on Wednesday in an overall bearish report that raised Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending April 20, 2018 U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending April 20, Continue Reading
Surprise Build In Crude Oil Stocks Rattles Market
The American Petroleum Institute (API) reported a surprise build of 1.099 million barrels of United States crude oil inventories for the week ending April 20, contrary to analyst expectations that Continue Reading
Weatherford takes a loss in the first quarter
Following its industry peer, Schlumberger, oilfield services company Weatherford said its revenue for the first quarter was lower despite the robust market. Weatherford International, one of the largest oilfield services Continue Reading