According to the U.S. government, there are over 1.3 billion barrels of crude oil and refined products in commercial storage around the United States, an increase of more than 300 Continue Reading
U.S. oil drillers are finally beginning to buckle. For more than a year, American oil producers found a way to keep pumping despite a worldwide slide in crude prices. Like Continue Reading
U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus Continue Reading
Distressed asset sales are likely to dominate dealmaking in the U.S. energy industry this year as volatile oil prices put executives off major acquisitions. Normally strong companies buy weaker rivals Continue Reading
One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won’t) Continue Reading
The JODI Oil World Database came out a few days ago. The data is through December 2015. The JODI C+C production numbers differs somewhat from the EIA numbers. The JODI Continue Reading
A shift is under way that will lead to widespread adoption of EVs in the next decade. Your browser does not support the video tag. With all good technologies, there Continue Reading
The world’s top oil executives gathered in Houston this week seem to agree on one thing: this year is set to be so horrible that many skip right to 2017 Continue Reading
A few weeks ago, energy executives were lamenting a purgatory of “lower for longer” oil prices. As an epic bust persists, the rhetoric now involves eternal torment. “People keep calling Continue Reading
One day after Saudi Arabia’s oil minister said it was time for high-cost producers to call it quits, two Bakken shale drillers announced they’re doing just that. Continental Resources Inc., Continue Reading
