A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. U.S. commercial crude oil inventories were forecast to see a build last week, while gasoline stockpiles probably Continue Reading
Shipping vessels and oil tankers line up on the eastern coast of Singapore in this July 22, 2015 file photo. It may be the world’s biggest traffic jam. As ports Continue Reading
Marathon Oil said it was unloading more than $1 billion in assets in the United States as it streamlines its portfolio during the market downturn. File Photo by ekina/UPI HOUSTON, Continue Reading
The $147 billion question for banks: Will energy companies max out their credit lines? When big banks announce earnings starting on Wednesday, the spotlight will be on massive energy loans Continue Reading
During the 2016 April-through-September summer driving season, U.S. regular gasoline retail prices are forecast to average $2.04/gallon (gal), compared with $2.63/gal last summer (see EIASummer Fuels Outlook presentation). For all Continue Reading
There’s not much money in new well drilling these days. In fact, the latest figures from the American Petroleum Institute (API) reveal a 70 percent annual decline in new natural Continue Reading
Stockpile data for oil via API’s weekly survey Crude build of 6.223 mln barrels Cushing draw of 1.93 million barrels Gasoline draw 1.58mln barrels Distillate draw 530K bbls The crude Continue Reading
Alberta’s leading oil sands producers are currently working on ways to reduce the sustaining capital for their projects in order to maintain global competitiveness and also attract investment, executives said Continue Reading
The latest EIA drilling productivity report (11th April 2016) https://www.eia.gov/petroleum/drilling/ shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out. Continue Reading
Russia sees a deal on freezing oil output as possible regardless of Iran’s stance. “There is hope,” Dmitry Peskov, the Kremlin’s press secretary, said following the latest conversation between Russian Continue Reading
