U.S. crude oil stocks rose to a fresh record last week, the Energy Information Administration said on Wednesday, as a surge in imports and rising domestic production more than offset Continue Reading
U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 17, 2017, 329,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
‘The next month is going to be absolutely critical’: analyst Photographer: Brittany Sowacke/Bloomberg The rally in global oil prices has stalled at the worst possible time for explorers, just as Continue Reading
New production projects and a fresh shale boom could boost oil output by a million barrels per year and result in an oversupply in the next couple of years, according Continue Reading
Exxon, Shell, and Chevron plan to spend $10 billion in the U.S. shale patch this year. A gas flare is seen through the window as Royal Dutch Shell’s Scott W. Continue Reading
Crude oil futures started the day slightly improved Tuesday after falling for seven of the last 10 sessions. Prices remained below the $50 per barrel mark, an improvement on January Continue Reading
Higher oil prices and a US rig count surge propel industry earnings toward recovery, but hiring is expected to lag behind, according to Moody’s Investors Service. The U.S. rig count Continue Reading
Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are running out of oil. Peak Continue Reading
There was a time when if a Canadian exploration and production (E&P) company bought out a foreign-controlled competitor, it was not only good for the country but financially beneficial because Continue Reading
Schlumberger subsidiary OneSubsea has been contracted to provide a subsea production system for BP’s Mad Dog 2 project in the Gulf of Mexico. The Mad Dog Phase 2 project is Continue Reading
