A slew of crude imports from Iraq, Angola and other countries has storage tanks in the eastern U.S. Gulf bulging, pressuring physical prices, causing port congestion and delaying deliveries into Continue Reading
Rigging equipment is pictured in a field outside of Sweetwater, Texas June 4, 2015. U.S. oil drillers cut rigs for a seventh week in a row to the lowest level Continue Reading
Small and medium-size oil-field-equipment companies attending an energy conference this week in Houston said oil prices need to go much higher before their corner of the industry starts seeing a Continue Reading
In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% Continue Reading
Wildfires in Canada. Pipeline sabotage in Colombia. Instability in Venezuela. U.S. frackers at a standstill. Drops in oil output are happening so fast that it looks as if the Americas Continue Reading
Ten oil companies including Royal Dutch Shell ( RDSa.L ), Chevron ( CVX.N ) and BP ( BP.L ) are working together to develop standard production equipment, a rare cooperation Continue Reading
Oil companies are getting hammered by investors for being oil companies. The price of a barrel of crude is down 60 percent in the last two years. The New York Continue Reading
U.S. shale oil player Continental Resources said it expected its production to recover during the second half of the year on the back of market improvements. Harold Hamm, the CEO Continue Reading
A slew of crude imports from Iraq, Angola and other countries has storage tanks in the eastern U.S. Gulf bulging, pressuring physical prices, causing port congestion and delaying deliveries into Continue Reading
EOG Resources Inc. posted a wider loss and a sharp revenue decline in the first quarter, but the oil-and-gas producer said it exceeded its goals for cost-cutting and U.S. oil Continue Reading
