OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signaling that the markets could Continue Reading
Texas crude oil and natural gas production is accelerating along with higher commodity prices, but payroll numbers are lower, a trade group reported. The Texas Alliance of Energy Producers estimated Continue Reading
The US government is frequently caricatured as a tool of rich people. Look closely, though, and the rich sometimes have their money consumed in ways that serve the state. These Continue Reading
Fatih Birol, head of International Energy Agency, said a dearth of investments can start hurting global oil supplies from the first part of the next decade as production at ageing Continue Reading
Summary of Weekly Petroleum Data for the Week Ending April 6, 2018 U.S. crude oil refinery inputs averaged over 17.0 million barrels per day during the week ending April 6, Continue Reading
A fifth of U.S. crude oil producers are planning to use their cash flow from operations to fund new production expansion, a survey from Haynes & Boone has found. Besides Continue Reading
US crude stocks saw a larger-than-expected build last week as exports fell sharply, and domestic production topped 10.5 million b/d, Energy Information Administration data showed Wednesday. Crude exports fall 970,000 Continue Reading
U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level Continue Reading
The American Petroleum Institute (API) reported a surprise build of 1.758 million barrels of United States crude oil inventories for the week ending April 6, after analysts had anticipated a Continue Reading
Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s Continue Reading
