The beginning of the end for Big Oil
After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle — an extended period during Continue Reading
Analysis: Big Oil keeps brakes on spending even with crude rally windfall
Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, Continue Reading
U.S. Shale Can’t Afford To Gamble On The OPEC+ Outcome
Following a deadlock in OPEC+ negotiations at the July 2021 meeting, oil prices briefly rose above $75 per barrel at the prospect of the alliance keeping output stable from August Continue Reading
US Rebound from Winter Storm Raises Non -Opec Production
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to March 2021. Continue Reading
U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes
U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers Continue Reading
U.S. Rig Count Rises In Volatile Week For Oil
The number of oil and gas rigs in the United States is up 4 this week, according to Baker Hughes , with the total rig count at 479, up 221 Continue Reading
Growing problems with orphaned, abandoned wells challenges oil industry
Thousands of oil wells can become orphaned as bankruptcies occur State and federal funding are limited for cleanup, plugging efforts White House, lobbying groups propose cash injections, reforms A growing Continue Reading
U.S. crude, gasoline stocks fall as fuel demand rises
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base July 8 (Reuters) – U.S. crude Continue Reading
U.S. Gasoline Demand Soars to Record on July 4 Travel Surge
Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend. Gasoline supplied, a proxy for demand, rose to 10 million Continue Reading
Will $70 Oil Tempt U.S. Producers To Open The Taps?
U.S. crude oil production is not expected to pick up a significant growth pace at least until the end of this year, the Energy Information Administration (EIA) said in its Continue Reading