Oil Demand as a Test of Market’s Lower Limits Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia Continue Reading
The world is facing a long-term oil glut as producers scramble to exploit reserves before fossil fuel demand goes into decline, according to a BP assessment that suggests that oil Continue Reading
Reporting a profit might not be enough Thursday for Baker Hughes Inc., after its two larger rivals failed to impress investors with anemic sales growth. Schlumberger Ltd.’s adjusted earnings surpassed Continue Reading
U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale Continue Reading
The Permian Basin land rush is spreading to oil and gas pipelines. Plains All American Pipeline LP said it will expand its crude oil gathering system in America’s hottest shale Continue Reading
BHP Billiton Ltd. , the largest overseas investor in U.S. shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur Continue Reading
Saudi Arabia’s energy minister has predicted production cuts by OPEC and non-OPEC countries will reduce global oil inventories by 300 million barrels by the middle of 2017. Six months of Continue Reading
No difficult economic terms, no tough charts, just simple math. 1 – The worlds population of under 40 year olds (excluding Africa) has essentially peaked (chart below…bars represent 0-40yr/old population, Continue Reading
Add Southern Green Canyon and Mars Blend to the growing list of American crude that’s challenging OPEC’s dominance in the world’s biggest oil market. Cargoes of the two varieties produced Continue Reading
Halliburton Co.’s return to profitability in North America wasn’t enough to satisfy investors hungry for faster growth in its biggest market. The world’s top provider of fracking services failed to Continue Reading
