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crude oil

An analysis of Saudi Arabia’s crude oil production shows that over $79.6bn in capital expenditure (capex) will be spent on oil projects over the next four years. Ensuring the country’s production remains around 11.2 mmbd in 2021. more

Feb 14, 2018 11:57 AM Upstream

U.S. proved reserves of natural gas increased 5% in 2016, compared with a 17% decline in 2015 more

Feb 14, 2018 9:40 AM Natural Gas

Oil fell for a third day on Wednesday, dropping nearly 1 percent on concerns about rising U.S. production and another drop in financial markets after U.S. consumer prices rose more than expected. more

Feb 14, 2018 9:27 AM Refining/Petrochemical

The rise in global oil production, led by the United States, is likely to outpace growth in demand this year. more

Feb 13, 2018 9:53 AM Drilling & Exploration

U.S. energy companies added 26 oil rigs this week, boosting the count to 791, its highest since April 2015. more

Feb 12, 2018 10:15 AM Drilling & Exploration

Oil rose on Monday, recouping some of last week’s steep losses as global equities steadied after their biggest one-week decline in two years. more

Feb 12, 2018 9:52 AM Refining/Petrochemical

In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. more

Feb 8, 2018 9:31 AM Pipeline/Transportation

The proposed changes to the US tax system has run its course. Most believe the net impact of the bill will be positive – at least to the corporate bottom line. From an upstream perspective, one has to wonder about the impact on supply and prices. more

Feb 8, 2018 7:00 AM Drilling & Exploration

BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. more

Feb 6, 2018 9:23 AM Refining/Petrochemical

Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities. more

Feb 5, 2018 9:37 AM Refining/Petrochemical

Oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production. more

Feb 2, 2018 9:13 AM Refining/Petrochemical

CEOs of six well-known American energy companies today signed a letter addressed to President Donald Trump in support of the Corpus Christi Ship Channel Improvement Project (CIP). more

Feb 1, 2018 7:00 AM Offshore & Marine

Oil prices are unlikely to advance much higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging U.S. output. more

Jan 31, 2018 9:11 AM Refining/Petrochemical

The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. more

Jan 30, 2018 11:22 AM Drilling & Exploration

Oil prices settled lower on Monday, pressured by a strengthening dollar and rising U.S. crude output, but prices remained on track for the biggest January increase in five years. more

Jan 30, 2018 11:05 AM Refining/Petrochemical

In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. more

Jan 30, 2018 9:12 AM Drilling & Exploration

Oil eased below $70 a barrel on Monday as rising U.S. output undermined efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. more

Jan 29, 2018 10:04 AM Refining/Petrochemical

Oil was little changed on Thursday, as prices eased early in the session, but were supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. more

Jan 20, 2018 7:00 AM Drilling & Exploration

OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production. more

Jan 18, 2018 9:01 AM Refining/Petrochemical

Crude ended the week with a gain after breaching a key $70 threshold and rallying for five straight days. more

Jan 12, 2018 5:08 PM Refining/Petrochemical

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