Oil Rises as Refiners Pick Up Pace
Oil prices rose to a one-month high after U.S. data gave hope that the country’s building crude stocks would soon reverse direction and begin falling. Refinery activity rose well beyond Continue Reading
Did The Banks Just Give U.S. Shale A Carte Blanche?
Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s Continue Reading
Trump to OK new offshore plan, reverse Arctic, Atlantic bans: sources
The Trump administration is developing at least one order aimed at both a new five-year offshore oil and natural gas leasing plan and reversing an Obama administration decision to bar Continue Reading
Hiring Bounces Back in 2017 for Oilfield Services Onshore, Offshore
Onshore recruiting is underway again, and hiring for positions offshore may not be too far behind, according to recent announcements. A recent spike in hiring announcements suggests oilfield services companies Continue Reading
Bankrupt Oil Companies Pay Huge Bonuses To CEOs
The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives Continue Reading
Traders bet their oil storage assets that OPEC cuts will work
The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses Continue Reading
The Insignificant Truth: Why Gasoline And Distillate Draws Don’t Matter
The oil products that we use—such as gasoline, diesel, and heating oil—are all refined from crude oil. If the demand for these refined products increases, then the demand for crude Continue Reading
Summary of Weekly Petroleum Data for the Week Ending March 31, 2017
U.S. crude oil refinery inputs averaged over 16.4 million barrels per day during the week ending March 31, 2017, 203,000 barrels per day more than the previous week’s average. Refineries Continue Reading
Why Are We Waiting (for Peak Oil)?
Remember those long holiday road trips where the question endlessly repeated was “are we there yet”? Well, for many in the peak oil community, waiting for it to arrive has Continue Reading
Peak Oil, a tabletop game about Crisis and Profit
You are the top manager at one of the big oil companies , tasked with leading your enterprise into a future without oil . With peak oil looming ahead, you Continue Reading