The first response of commodity producers to a drop in prices is normally to increase production – ensuring price falls become deeper and more prolonged. Producers attempt to make up Continue Reading
The global oil surplus will persist at least until late 2016 as demand growth slows and OPEC shows “renewed determination” to maximize output, according to the International Energy Agency. The Continue Reading
Back when the global recession trashed oil demand and prices, the likes of BP Plc and Vitol Group found a novel way to profit: They stashed crude on tankers. With Continue Reading
The Organization of the Petroleum Exporting Countries pumped more oil in November than any month in three years, in another sign that the group has no plans to slow down Continue Reading
The Bakken and North Dakota production data for October is out. The Numbers a little surprising. Bakken & North Dakota Bakken production was up 7,520 barrels per day to 1,113,930 Continue Reading
Oil Spreads Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of Continue Reading
ConocoPhillips said Thursday it was preparing for a sustained period of lower crude oil prices by making significant reductions in capital and operating costs. “We’re setting an operating plan for Continue Reading
North Dakota oil producers increased production in October in a spasm of activity as signs emerge of a prolonged slump, a state report finds. The North Dakota Industrial Commission reported Continue Reading
Half of the 10 worst-performing junk bonds over the past week were issued by Chesapeake, the Oklahoma City company that is the second-largest U.S. natural gas producer behind Exxon Mobil Continue Reading
Oil’s messy reckoning is inviting a U.S. mega-deal in 2016. Companies and governments are modifying capital strategies amid another lurch down in crude prices. If these conditions persist, something like Continue Reading
