Wall Street Pouring Money Back Into Oil And Gas
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders Continue Reading
Suncor Output Hits Record With Oil-Sands Unit at Full Speed
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
Suncor Output Hits Record With Oil-Sands Unit at Full Speed
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
Wall Street’s Love Affair With Energy Heats Up as Rigs Soar
Wall Street is throwing the most money at U.S. energy companies since at least 2000 amid growing confidence that the industry is emerging from the worst downturn in a generation. Continue Reading
Permian Drilling Costs Surge: Are The Days Of Cheap Oilfield Services Over?
It was only a matter of time before drilling, fracking, and oilfield service providers for the oil and gas industry started raising their prices to reflect the improving prospects for Continue Reading
U.S. crude stocks surge, gasoline draws down unexpectedly: EIA
U.S. crude stockpiles surged last week, driven by a big rise in imports and inventory build at the key oil hub at Cushing, Oklahoma, while gasoline drew down unexpectedly, the Continue Reading
IEA does not foresee oil demand peaking soon, Birol says
The International Energy Agency (IEA) does not expects oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday. Birol also Continue Reading
Expensive Middle East Crude Could Lose Market Share To U.S. Shale
OPEC’s production cuts have put a floor under oil prices, at least for now. The resulting reduced supplies have also boosted the price of Middle East crude grades, and increased Continue Reading
It’s Time For Big Oil To Embrace The Digital Age
The 2014 oil price bust very quickly changed the agenda of the oil industry, prioritizing efficiency as a tool of keeping costs down. This emphasis on efficiency was the best Continue Reading
Offshore Drillers Still Seeking Recovery Enjoyed by Shale
While oil drillers in US shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well above $60 a barrel. Continue Reading