Monday, September 1, 2025

New SEC Rule Increases Scrutiny of Foreign Payments from Extraction Industries

Mandatory Disclosure Goes into Effect Sept. 26 New SEC rules requiring resource extraction issuers to disclose payments made to U.S. and foreign governments for the commercial development of oil, natural gas, or minerals will go into effect on Sept. 26, 2016 and will apply to fiscal years ending on or after Sept. 29, 2018.  A white paper put out by

800 MBOPD of Oil Could Return to Markets from Libya and Nigeria

Libya and Nigeria hope to restart exports that could add substantially to the global glut Both the IEA and OPEC pushed out their forecasts for market balance this week as supply continues to prove resistant to the drop in crude oil prices. Even more crude oil could come back to the market from Libya and Nigeria in coming days, however,

Rig Count Slightly Dips as Oil Prices Falter on Continued Glut

U.S. rig count drops by 2 this week as prices dip nearly $3 below weekly high The U.S. rig count snapped a streak of gains for the week ended September 9, 2016, according to information from Baker Hughes Industries (ticker: BHI). The total number of rigs in the U.S. fell by two to 506 last week. The loss of three rigs