IEA: Global Oil Inventories Rose In October
After hitting a six-year low in September, commercial oil stocks in OECD countries showed a marginal build in October, suggesting that the months of hefty inventory draws globally may be Continue Reading
Coming off climate talks, US to hold huge crude sale in Gulf
The U.S. Interior Department on Wednesday will auction vast oil and gas reserves in the Gulf of Mexico estimated to hold up to 1.1 billion barrels of crude, the first Continue Reading
Tapping U.S. Oil Reserve Would Have ‘Short-Lived’ Impact, EIA Says
U.S. SPR Release Won’t Fix Tight Oil Market: IHS Markit’s Yergin Releasing oil from the U.S. government’s strategic reserve would have a “short-lived” impact on soaring fuel prices, according to Continue Reading
Yergin: Underinvestment May Lead To Series of Energy Crunches
The oil industry is not investing enough to meet growing energy demand, including for crude, which could lead to a series of energy crunches down the road, oil expert Daniel Continue Reading
World oil supply to rise 1.5 million b/d in Nov-Dec fueled by US bounce-back: IEA
The International Energy Agency on Nov. 16 signaled a likely easing of oil market tightness, forecasting world supply to rise by 1.5 million b/d in November-December on the back of Continue Reading
As energy prices soar, supply chain snags threaten U.S. oil output gains
U.S. oil producers are struggling to find enough crews, vehicles and equipment to take advantage of rising global demand and a seven-year high in crude prices, say executives at oilfield Continue Reading
Biden moves to ban oil, gas development outside Native American park
U.S. President Joe Biden on Monday announced a step toward prohibiting oil and gas development outside the boundaries of the Chaco Culture National Historical Park as part of a Native Continue Reading
Drilling Productivity Report
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3D Printing Could Transform The Oil And Gas Industry
The oil and gas industry is finally getting in on the 3D printing revolution, using the technology to solve supply chain problems, lower costs, and reduce emissions The tech could Continue Reading
Birthplace of US oil boom a decade ago shows signs of decline
The Bakken oilfield in North Dakota, the birthplace of America’s oil boom a decade ago, is struggling to recover from last year’s market crash even as crude prices have surged Continue Reading