Tuesday, April 28, 2026
Cushing oil storage tanks -oilandgas360

Oil Prices Climb 5% on Surprise Inventory Draw

Inventories fall 4.9 MMBO Oil prices surged today following news from the Department of Energy that U.S. inventories declined this week following 7 consecutive weeks of record setting builds. U.S. crude oil inventories declined 4.9 MMBO this week to 529.9 MMBO. The average economist estimate this week was a build of about 3 MMBO, according to information complied by Bloomberg.

Turbocharging Oil Sales

In September 2015, premium gasoline sales hit a level that had not been reached in the previous decade, and accounted for 11.3% of total motor gasoline sales. When gas prices were higher, a lot of people ditched their bigger cars and went with something more fuel efficient. Some of the increase in premium fuels could be a revocation of that

Is the Halliburton+Baker Hughes Combination “Unfixable”?

DOJ sues Halliburton over antitrust concerns in Baker Hughes acquisition The Department of Justice today announced that it will sue Halliburton (ticker: HAL) over its planned $34 billion takeover of its next largest oilfield service competitor, Baker Hughes (ticker: BHI), over antitrust concerns. The combination of Halliburton and Baker Hughes would leave the combined company and Schlumberger (ticker: SLB) as

Blackbird Energy Announces Firm Processing Capacity into Premier Market

Blackbird Energy announces 6 MMcf/d of firm sour gas processing – looking at long term capacity, growth Alberta-based Blackbird Energy (ticker: BBI) announced today that it has signed a deal with a third-party company to process up to 6 MMcf/d of the company’s liquids-rich Montney gas. The company recently acquired 5 MMcf/d of firm full path service to the Gold