Twitter deleted posts that included market-sensitive data from a U.S. oil-industry group after the group complained, roiling the tight-knit energy-trading community on the social network. The American Petroleum Institute recently Continue Reading
There are those who will tell you that this is a bad time to be running a big oil company. John Watson, chief executive of Chevron, is not among them. Continue Reading
The U.S. Energy Department lowered its price expectations for the global Brent crude contract this year and next, saying it expected supplies to grow more than previously anticipated because robust Continue Reading
Global oil production exceeded consumption by just over 1 billion barrels in 2014/15, according to the International Energy Agency (IEA). Â Production exceeded consumption by an average of 0.9 million barrels Continue Reading
North Sea Brent crude oil prices averaged $32/barrel (b) in February, a $1/b increase from January. Brent crude oil prices are forecast to average $34/b in 2016 and $40/b in Continue Reading
Oil Could Reach $50 By End of 2016 Production to drop to 8.19 million barrels a day in 2017: EIA U.S. crude production will fall to its lowest since 2013 Continue Reading
Chevron Corp. on Tuesday again pared its capital spending budget for next year as the second-biggest U.S. oil company contends with depleted oil and natural gas prices. Chevron is targeting Continue Reading
Chevron Corp. is putting the brakes on all but one major oil project for the foreseeable future as collapsing crude prices make most new investments unprofitable. The world’s third-biggest oil Continue Reading
Offshore rig company Transocean said Tuesday payments and delivery for five new drilling rigs was now delayed following an agreement with its contractor. Transocean said it made a mutual agreement Continue Reading
The Baker Hughes International Rig Count does not include the US, Canada, any of the FSU countries or inland China. It does include offshore China. That rig count peaked in Continue Reading
