From WorkBoat
Higher oil prices and lower costs for offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to new analysis released yesterday by IHS Markit.
In its first worldwide mobile rig …
From Reuters
NEW YORK (Reuters) – Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell …
From Forbes
The U.S. uses very little oil to generate electricity, but our energy sectors are inextricably connected, so changes in one often affects others. For example, we are starting to see the rumblings of how the price of oil …
From Xinhua News
HOUSTON, July 8 (Xinhua) — In the week ending July 6, global oil markets closely …
From the Fuse
Last week, Bernstein Research said that oil prices could hit $150 per barrel, breaking the all-time record of $147 in 2008. Analysts at the investment bank cite chronic underinvestment as the main factor …
From the New York Times
HOUSTON — It is unusual for the United States, Saudi Arabia and Russia to see eye-to-eye, much less try to achieve common energy policy goals, even indirectly.
But that is what seems to be happening, …
From Bloomberg
The recent surge in the price of oil is set to propel global inflation faster than historically and by more than investors are anticipating, …
From Reuters
NEW YORK (Reuters) – Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month.…
From CNBC
A dramatic uptick in oil prices in recent weeks has partly been driven by mounting expectations that Donald Trump will soon pull out of the 2015 accord.…
Without adequate pipeline capacity or forthcoming export projects for Canada’s crude oil and natural gas, there is a tough energy economy in Canada that is going to be taking an economic …
From the Wall Street Journal/Yahoo News
The highest oil prices in years are increasing expenses for companies that had grown used to low energy costs since crude’s 2014 tumble, while the turnabout is proving to be a boon for …
From Bloomberg
Rapid increases in U.S. oil output and exports over the past two years are forcing …
From Reuters
NEW YORK (Reuters) – Oil prices slipped on Monday as Wall Street slid more than 1 percent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave prices some support.…
The Federal Reserve Bank of Dallas is populated with smart people who track the comings and goings of all the factors affecting the energy industry, not just in Texas but globally.
Dallas Fed SVP and Research Advisor Mine Yücel discussed …
From UPI
Feb. 13 (UPI) — An exuberant report on the pace of U.S. crude oil production growth sent crude oil prices lower to …
From Bloomberg
The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according …
From Bloomberg/Arabian Business
OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, enabling the group to exit from its production cuts early, according to Goldman …
From CNBC
An attendant sits at a closed Petroleos de …
Back in July—on the U.S.’s Independence Day—Fatih Birol, the chief of the International Energy Agency (IEA) said he believed the oil market would rebalance in the second half of 2017, …
The negative effects brought on by Hurricane Harvey are beginning to subside as oil and gas operations continue to return to pre-storm conditions.
According to IHS, the port of Corpus Christi is open with no restrictions since Occidental loaded …
Crude oil prices fell more than 5% Thursday after OPEC extended a production cut deal which had originally help to buoy oil prices above $50 per barrel.
The extension will …
The Organization of Petroleum Exporting Countries announced Thursday that it will extend production cuts for nine more months, through the end of Q1, 2018.
Oil prices dropped more than 5% on Thursday …
As oil prices struggle to stay above $50 per barrel, OPEC appears to be ready to extend production cuts through the second half …
On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will …
Both international and U.S. crude benchmarks were up over 1.5% Tuesday as oil prices continue to rally and 2016 draws to a close. U.S. crude oil prices have …
Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 …
Both U.S. and international crude oil benchmarks WTI and Brent were down over $1 per barrel today following a rally in prices brought on by last week’s …
Oil prices turned positive Wednesday as Iraq said it was willing to join an OPEC cut in production. Iraq and Iran have both been holding out on joining …
