Texas economy still under pressure
The number people in Texas who want to work full time but can’t find jobs in the oil-rich economy remains above recessionary levels, a report found. The Federal Reserve Bank Continue Reading
The United States is both a major importer and exporter of motor gasoline
The United States simultaneously imports and exports gasoline because of regional differences in gasoline supply and demand balances. The two regions with the largest supply and demand imbalances are the Continue Reading
Is U.S. Shale Nearing Collapse?
Oil Rig Crude oil production in the United States has decreased by more than 10 percent since the record high of 2015, from 9.6 million barrels per day (mmbpd) to Continue Reading
Frack Sand: The Unsung Hero Of The OPEC Oil War
Fracking operations The late-2014, Saudi-initiated oil-price war may have taken the ‘boom’ out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been Continue Reading
Pipeline shutdown in Alabama could send gas prices higher
Motorists in parts of the country could pay a little more for gasoline in coming days because of the shutdown of a leaking pipeline in Alabama. Experts say that any Continue Reading
Three new oil sands projects approved in Alberta
Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three Continue Reading
North Dakota Crude Oil Production Stabilizes in July
North Dakota oil production rose slightly in July, stabilizing after a drop in the previous month to more than two-year lows, according to the latest data from the state’s Department Continue Reading
Bakken July Production Data
North Dakota has just come out with their oil production numbers for July 2016. Bakken production was up by 3,046 barrels per day while all North Dakota production was up Continue Reading
Offshore Drillers Brace for More Pain Even With Bottom in Sight
Transocean, Seadrill see utilization rates stabilizing in 2017 As many as 60 more floating rigs need to be scrapped Offshore oil-rig operators, grappling with the biggest industry downturn in a Continue Reading
Why Apache’s Latest Oil Find Is Such A Game Changer
Oil Pump Apache’s recent oil find highlights what could be a new phase in fracking. To date, fracking in the U.S. had really been all about taking explored basins and Continue Reading