The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand plunged, while Continue Reading
Rigzone panelists offer their views on what to watch in the oil and gas markets this week. (The views and opinions expressed in this article are those of the attributed Continue Reading
Crude oil production in the United States has been on the rise , topping 10.86 million bpd in September—the highest since May. Still, it’s a lot lower than it was Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 246—the highest number of rigs since mid-May. The total number of Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Even though the U.S. shale patch has further reduced its break-evens over the past year, the decline in drilling costs alone may not be sufficient to help producers to lift Continue Reading
Chevron Corporation is reducing its capital and exploratory budget for the next five years by billions of U.S. dollars compared to previous guidance as it looks to save its dividend Continue Reading
The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming Continue Reading
Summary of Weekly Petroleum Data for the week ending November 27, 2020 U.S. crude oil imports averaged 5.4 million barrels per day last week, up by 171,000 thousand barrels per Continue Reading
US refined product inventories climbed in the week ended Nov. 27 as the pandemic blunted demand during the typically travel-heavy US Thanksgiving Day holiday weekend. Receive daily email alerts, subscriber Continue Reading
