Why Oil’s Cost Is as Important as Its Price
Most investors can tell you how much a barrel of oil fetches today. Those in the industry can, too, of course, but they are watching another number closely: how much Continue Reading
The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price? Exxon Mobil (NYSE:XOM) just Continue Reading
Parts of Alberta oil industry returning to normal after wildfire
With oil installations resuming normal operations, the provincial government of Alberta said it was ready for phased re-entries into fire-damaged Fort McMurray. The chief medical officer in Alberta said about Continue Reading
North Dakota rig count up more than 10 percent
North Dakota saw the number of rigs actively exploring for or producing oil and gas increase by more than 10 percent from last week, state data show. Data from the Continue Reading
EIA World Crude Oil Production
The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Tabel 11.1b World Crude Oil Continue Reading
Mothballed ships in SE Asia show pain inflicted by oil slump
Fishermen pass a row of vessels are moored in the waters along a row of shipyards northwest of Waterfront City on Batam island, in Indonesia’s Riau Islands Province February 26, Continue Reading
Big oil groups raise net debt by a third to cope with low prices
The net debts of the largest Western oil companies have surged by a third over the past year, increasing their vulnerability to another fall in oil prices. The aggregate net Continue Reading
3 Years Of Painful Cuts Sets Markets Up For Serious Supply Crunch
Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global Continue Reading
Suncor Starts to Bring Canadian Oil Sands Back Online
Suncor Energy said it expects to restart its Canadian oil sands operations, such as work… Canada’s largest crude-oil producer said it expects initial production to commence by the end of Continue Reading
The Crude Crash Has Created Oil’s Technological Superpowers
Falling oil prices which started in late 2014 have highlighted an increased emphasis on the cost of producing oil, particularly from shale oil formations in the U.S. With 50 percent Continue Reading