Oil Glut: How to Tell When It’s Really Time to Worry
Oil tankers during loading operations at the Aspropyrgos refinery in Athens last June. “Fill ‘er up,” a refrain that usually makes oilmen smile, is taking on an ominous tone for Continue Reading
Understanding the new global oil economy
Why have oil prices fallen? Is this a temporary phenomenon or does it reflect a structural shift in global oil markets? If it is structural, it will have significant implications Continue Reading
U.S. oil companies’ restructuring plans founder as prices plunge
When Samson Resources Corp filed this year’s biggest energy-related bankruptcy in September, the oil and gas company said it had a deal to emerge from Chapter 11 protection by year-end. Continue Reading
Schlumberger to Cut More Jobs, 2016 Activity
Schlumberger Ltd. SLB 1.32 % said Tuesday that it will cut its workforce by an unspecific amount as the oil-field service giant pares its activity in 2016. Schlumberger said in Continue Reading
OPEC Rivals Become Unwitting Allies in Push for Oil-Market Share
Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team. When the Saudi kingdom decided last year that OPEC should keep pumping to counter Continue Reading
North Dakota rig count flirts with historic low
North Dakota rig activity indicates the No. 2 oil producer in the nation is still flirting with an all-time low in the exploration and production sector. State data show 64 Continue Reading
Confidence In Oil Hub Security Shaken By Oklahoma Earthquakes
The ground is shaking near Cushing, Okla., home to the largest commercial crude oil storage center in North America. This little patch of prairie in northwestern Oklahoma is one of Continue Reading
Bakken(ND) Light Tight Oil – Update with Sep – 15 NDIC Data
After years of following developments in extraction of light tight oil (LTO) in the Bakken, the oil price, studying actual well production data from the North Dakota Industrial Commission (NDIC) Continue Reading
Pilots resume boarding all vessels on Houston Ship Channel: dispatcher
Heavy fog that has plagued the US Gulf Coast for the last four days has lifted enough that Houston Pilots Monday have resumed boarding all vessels on the Houston Ship Continue Reading
Quiet Gulf Hurricane Season End Leaves Oil Drowned in Oversupply
Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation Continue Reading