Traders say Libya, Nigeria and Kazakhstan add to oversupply Brent crude time-spreads weaken to levels seen in February Listen to Saudi Arabia and hear the oil market is rebalancing. Look Continue Reading
OPEC’s agreement on an new production target has been followed by a bout of renewed optimism about the rebalancing of the oil market. But there are so far few signs Continue Reading
Investors and oil market watchers are constantly wondering just how much oil is in the ground. Just how large are each country’s oil reserves? The market seems to cycle between Continue Reading
Oil-field services companies such as Halliburton and Schlumberger say they have sharpley reduced their prices… The worst of the oil bust may be over, but the energy industry’s infighting has Continue Reading
The top oil officials and executives gathered in London this week for the Oil & Money conference, jointly hosted by the New York Times and Energy Intelligence. Several headlines came Continue Reading
Shale drilling This week’s Baker Hughes report shows an 11-rig increase in the United States oil count, marking 17 straight weeks of no-decline in the active rig figure. The streak Continue Reading
”Come writers and critics Who prophesize with your pen And keep your eyes wide The chance won’t come again.” Nobel Prize winner Bob Dylan must have been an oilman in Continue Reading
The Railroad Commission of Texas (RRC) has recently reported new data for oil and natural gas output through August 2016. Dean Fantazzini has kindly shared his corrected data using the Continue Reading
An increase in rigs being put back to work in U.S. shale fields is largely being driven by smaller oil companies drilling less-complex wells that don’t need costly, high-tech services Continue Reading
Adjusted per-share profit of 25 cents beat analysts’ estimates Sales dropped 17% from year earlier to $7.02 billion Schlumberger Ltd.’s earnings beat expectations after the world’s largest oilfield services provider Continue Reading
