U.S. crude oil stockpiles soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department started keeping records in 1982, bolstered by hefty imports Continue Reading
Last week, Venezuelan oil minister Eulogio del Pino released a list of states invited to participate in the Organization of Petroleum Exporting Countries’ (OPEC) ongoing negotiations regarding a much-anticipated output Continue Reading
U.S. crude supply will fall 800,000 barrels a day this year Energy Information Administration’s Adam Sieminski in Riyadh U.S. crude production is set to decline this year as the Organization Continue Reading
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. OPEC’s oil output is Continue Reading
Investors may not realize it, but the Walking Dead is not the only zombie show running right now. The oil markets are at least as scary and have zombies that Continue Reading
Wall Street investors have fallen in love with properties in the Permian Basin, and that is making some West Texas oil men nervous. Even though a barrel of oil commands Continue Reading
Texas Oil Some positive signs indicate the long-awaited recovery in the Texas oil and gas industry may finally be on the way. But the climb back out of the hole Continue Reading
If “peak oil” conjures up thoughts of when oil output will reach its maximum then you’re way behind the times. Now it’s all about demand. And rather than a debate Continue Reading
Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production in water of Continue Reading
Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies had Continue Reading
