Oil prices jumped on Thursday after the EIA reported a surprise drawdown in crude oil inventories, ending several consecutive weeks of inventory builds. The report was the most bullish in Continue Reading
As shale oil makes a comeback, the United States could outstrip Russia and Saudi Arabia to become the world’s biggest oil producer. But is this new boom in black gold Continue Reading
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
The U.S. government should continue rigorous inspection of offshore oil and gas development, more than a dozen Democratic senators said. The Department of Interior was called on to continue a Continue Reading
The total number of oil and gas rigs now stands at 978, which is an addition of 224 rigs year over year. The number of oil rigs in the United Continue Reading
US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Feb 23 (Reuters) – U.S. energy companies Continue Reading
One of the world’s leading energy companies, BP is predicting renewable energy sources to be influential in shaping the global energy sources by 2040. The report released by BP proposed Continue Reading
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that for Continue Reading
Nationwide crude inventories fell by most in five weeks: EIA Cushing storage at lowest since 2014 as crude exports surge Oil surged to the highest in two weeks as American Continue Reading
Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the Continue Reading
