Wednesday, August 27, 2025
Cushing oil storage tanks -oilandgas360

DOE Announces Sales from Strategic Petroleum Reserve

First sales of largest SPR drawdown in history The DOE awarded contracts for the sale of 6.4 million barrels of crude from the Strategic Petroleum Reserve (SPR) yesterday, with additional future sales planned. Contracts were awarded to Shell Trading Company and Phillips 66 Company with deliveries scheduled for March and April. Multiple acts of congress in the past two years

Core Lab Q4 Conference Call: Industry Bottomed in Q3

Q3 2016 marked the bottom of the V-shaped recovery which is now under way In the company’s Q4 conference call this morning’s , Core Laboratories (ticker: CLB) CEO David Demshur and other members of the CLB executive team laid out their company’s view of where the oil and gas industry stands today and their thoughts on where it is heading in 2017. After