Oil glut up close: How Cushing copes with full crude tanks
From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than Continue Reading
Russian energy minister says may meet Saudi counterpart before Doha event
Russian Energy Minister Alexander Novak said on Monday that he may meet his Saudi Arabian counterpart before a planned oil producers’ meeting in Doha on April 17. Saudi Arabia, the Continue Reading
Kuwait’s OPEC governor says signs point to output freeze
All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait’s OPEC governor Nawal Continue Reading
North Dakota rig count dipped below 30
After weeks of showing stability, the number of rigs deployed in North Dakota dipped below 30 for the first time in years, state data posted early Monday show. State data Continue Reading
‘Fragile five’: These OPEC producers are on the verge of collapse if oil prices don’t stabilize soon
The global oil price rout has left many oil producers reeling across the world. From Canada to Norway, Saudi Arabia to Russia, none of the world’s largest oil exporters have Continue Reading
OPEC Crude Output Climbs as Iran Pumps Most Oil Since 2012
OPEC crude production rose in March as Iranian output climbed to the highest level in almost four years. The Organization of Petroleum Exporting Countries increased production by 64,000 barrels to Continue Reading
U.S. Jan. crude output falls 56,000 bpd to 9.179 million bpd: EIA
U.S. crude oil production fell for the fourth consecutive month in January, but rising output from shale formations in Texas highlighted U.S. producers’ ability to keep output near record levels Continue Reading
Regional Banks Could Suffer Higher Losses From Oil, S&P Says
U.S. regional banks with large energy exposures including Comerica Inc. and Zions Bancorp could suffer higher losses than analysts predict if oil prices continue to fall, according to a Standard Continue Reading
The U.S. Is a Big Oil Importer Again
In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign Continue Reading
Oil: Slim Is In as Drillers Trim Spending
Investors are sending a message to oil and gas companies: Think less like wildcatters and more like accountants. During the first quarter, stocks of the oil and gas companies that Continue Reading