U.S. crude inventories likely rose for the fourth straight week, while refined product stockpiles were seen down last week, a preliminary Reuters poll showed on Monday. Six analysts polled ahead Continue Reading
Explorers vie with servicers to control information on wells Contractual language evolving to speak to who owns it A battle for big data is brewing in the oil patch. The Continue Reading
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets? That question emerged as a major theme during fourth-quarter earnings calls, Continue Reading
An oil rig worker in 2006. An increase in lift-related accidents in the offshore drilling industry last year led to surprise inspections from Interior Department officials. Faced with questions about Continue Reading
Baker Hughes reported another 6-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 990, which is Continue Reading
U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending Continue Reading
Canada’s benchmark heavy crude oil widened its discount to WTI to the largest in six trading sessions on Thursday, as additional storage capacity in Alberta and data about lower crude-by-rail Continue Reading
An unrelenting surge in Permian Basin drilling, which is driving record gas production growth there this year, now appears to be facing market and infrastructure constraints that could come as Continue Reading
Traders have booked in recent weeks at least three tankers to store summer-grade gasoline off the coasts of the Netherlands as supplies in northwest Europe have steadily increased this year, Continue Reading
U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly Continue Reading
