U.S. crude oil refinery inputs averaged over 16.9 million barrels per day during the week ending March 30, 2018, 141,000 barrels per day more than the previous week’s average. Refineries Continue Reading
U.S. shale companies are set to increase their capital expenditures by 20 percent this year, while also boosting their production guidance, according to Rystad Energy . Obviously, the Permian is Continue Reading
The world’s biggest oil companies preferred to bid on areas close to existing infrastructure and largely stayed out of unexplored acreage in last month’s lease sale in the Gulf of Continue Reading
Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment Continue Reading
U.S. crude stocks fell unexpectedly last week as refineries hiked output, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.6 million barrels in the last week, compared Continue Reading
Until recently, oil industry analysts and executives were lamenting the slump in global investment in upstream oil, and many continue to predict a looming oil supply shortage in the early Continue Reading
The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of Continue Reading
Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment Continue Reading
China’s commercial stocks of crude oil were up 1.58% month on month at end February, while oil products stocks surged 13.6% over the same period, latest data released by state-owned Continue Reading
Giving drillers the rights to reach nearly 50 billion barrels of oil in the Gulf of Mexico will come with a degree of responsibility, the U.S. government said. The U.S. Continue Reading
