U.S. crude oil stocks fell last week while gasoline and distillate inventories rose more than anticipated, the Energy Information Administration said on Wednesday. Crude inventories USOILC=ECI fell 4.9 million barrels Continue Reading
In many ways, the energy sector has been slow to adopt this new tech, but things are finally beginning to change. As ‘Big Energy’ begins to catch up, many market Continue Reading
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd Continue Reading
The U.S. Energy Information Administration on Tuesday raised its 2018 world oil demand growth forecast by 100,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Continue Reading
World oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the U.S. Energy Information Administration Continue Reading
US oil production will average a record-setting 10.85 million b/d in 2019, an increase of 1.55 million b/d compared with 2017, despite expectations of increases of just $6.64/b and $7.28/b Continue Reading
U.S. crude oil production is expected to surpass 10 million barrels per day (bpd) next month, en route to all-time record months ahead of previous forecasts, the U.S. Energy Information Continue Reading
Texas issued 885 oil and gas drilling permits in December, down 12 percent compared with the same month in 2016, the state’s energy regulator said on Tuesday. – December’s total Continue Reading
President Donald Trump’s administration will not allow drilling for oil and gas off the coast of Florida after urging from the state’s governor, Interior Secretary Ryan Zinke said on Tuesday. Continue Reading
President Trump’s first year in office has been a boon for the coal industry, with the Trump administration rolling back regulations on coal-fired power plants and withdrawing the United States Continue Reading
