Lower oil and gas prices are forcing at least one of China’s producers to lower its production goal for 2016. In a press release Tuesday, China …
Oman became the first non-OPEC oil producer to say that it will cut its production if done in coordination with other producers. Oman’s oil minister, …
In December, Oil & Gas 360® conducted a survey of industry executives and investors. We asked respondents to predict commodities pricing for 2016, as well …
The Organization of Economic Cooperation and Development saw commercial stocks of crude oil draw down for the first time …
In the group’s monthly release out today, OPEC reported that the group produced 31.695 MMBOPD, the most it has produced since 2009 reports The Wall Street Journal. The higher …
The Energy Information Administration (EIA) forecasts that next month. Despite the trend of more efficient wells, the EIA said it anticipates lower production in all major oil producing …
Just over a year after deciding to change its focus to defending market share rather than oil prices, OPEC members left …
OPEC’s monthly Oil Market Report (OMR) released today showed the group’s production was down slightly to 31.38 million barrels of oil per day (MMBOPD), 256,000 barrels per day …
Month-over-month production growth was nearly flat from August to September, according to the International Energy Agency’s (IEA) September Oil Market Report. World oil supply held steady near 96.6 MMBOPD as lower non-OPEC production was offset …
Russian oil output hit 10.74 million barrels a day in September, the highest level of production seen in the country since the fall of the Soviet Union, reports The Wall street Journal. …
The Energy Information Administration (EIA) reported today that dry natural gas production was the highest ever recorded in …
The total number of rigs actively drilling for oil or natural gas in the United States declined this week to 874, down two from last week. The number of rigs drilling …
Goldman Sachs and Citi Group predict that Saudi Arabia will likely start to push production to its daily maximum of 11 MMBOPD in the second half of 2015, reports Bloomberg…
The Clean Power Plan, passed on June 2, 2014, is aimed at lowering carbon emissions by 30% by 2030 from power plants, many of them coal-fired. While …
As many experts predicted, OPEC decided to maintain its production ceiling at 30 million barrels per day (MMBOPD) at its June 5 meeting held in Vienna Austria. Brent and West Texas …
OPEC continued to increase production in May, following its November plan to defend market share. OPEC output increased by 67 MBOPD from April to …
The Organization of Petroleum Exporting Countries continued to increase production in April, going nearly 1 MMBOPD over its 30 MMBOPD production ceiling. Total OPEC production reached 30.93 MMBOPD in the month of …
OPEC supply rose to 31.04 MMBOPD in April, the highest in more than two years, according to a Reuters survey. The increase puts the cartel’s production even further above demand …
Test rates for wells located in the Eagle Ford Shale have been increasing over the last four quarters, according to information from the Texas Railroad Commission…
Prices for West Texas Intermediate (WTI) and Brent crude were both up on news that U.S. oil production is continuing to slow. Light, sweet crude for May …
Magnum Hunter Resources (ticker: MHR), a Houston-based E&P with operations focused largely on the Appalachia region, reported new quarterly records for production and throughput volumes in a press release on April 15, …
Reports from Baker Hughes (ticker: BHI) last week showed the number of rigs actively drilling for oil and gas in the United States fell below 1,000 for the first …
The Energy Information Administration (EIA) released the annual statistics on the world’s three largest oil and gas hydrocarbon producers this week. The United …
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to Energy Information Administration (EIA) estimates. U.S. petroleum production increased …
The decline in oil prices in since June of last year has reduced oil and natural gas production tax revenues in some of the largest oil and natural gas production states, …
The Energy Information Administration’s (EIA) most recent Drilling Productivity Report (DPR), which covers the months of March and April 2015, include …
Saudi Arabian oil minister, Ibrahim al-Muhanna, said Sunday that he expects oil prices to stabilize amid healthy demand growth and supply. Muhanna suggested that Saudi Arabia …
According to the latest data from the Colorado Oil and Gas Conservation Commission (COGCC), oil production in Colorado is up 27% in 2014 from 2013. …
Libya’s state-run National Oil Corporation (NOC) declared force majeure on eleven of its oilfields Wednesday due to the deteriorating security situation in the country, reports Reuters. The country’s …
The Ohio Department of Natural Resources (ODNR) last week released fourth quarter …
