Oil speculators are calling a bear market because of the lack of rig count? it looks like they forget that is was Wall-street that asked…
Author: News
Oil above $70
OPEC and some allies including Russia are due to meet on June 25 and 26 to discuss output policy going forward. Saudi crude oil exports…
Russia’s oil production continued to fall this month / contaminated oil
Russia’s oil production continued to fall this month, two industry sources told Reuters on Monday, under pressure from lower exports after shipments via the Druzhba…
Frac sand supply to increase by 10% in 2019
Demand for sand to be used by the oil and gas industry in hydraulic fracturing operations in the US is set to grow by 10%…
China’s creation of the gold-backed petro-yuan
It is now been months since China launched its oil futures contract, denominated in yuan. What are the benefits of trading with the Yuan? As…
Why the low Drilling Rig count? – Oil Correction Or investors demands?
Producers have pledged to pare spending after investors wanted to see companies demonstrate the long-term viability with positive cash flow. So U.S. shale drillers are…
Washington: Nord Stream 2 sanctions on the way
Washington is getting ready for another sanctions package that if put in place would put major restrictions on companies involved in Russia’s $10.5-billion Nord Stream…
Trade War Logs – Chinese Oil Buyers Shun US Crude
Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as…
Documents reveal Pemex will get 7.3 billion usd in tax breaks
Mexico is seeking as much as 138.7 billion pesos ($7.3 billion) worth of tax breaks for Petroleos Mexicanos in 2020 and 2021, according to online…
Zarubezhneft JSC gets 30% participating interest in Vietnam’s offshore Cuu Long Basin
Prime Minister Nguyễn Xuân Phúc meets Russian Prime Minister Dmitry A. Medvedev in Moscow on Wednesday. They stressed that energy was a key pillar in…
Carbon neutral investments? Occidental Petroleum sets example
Oxy, Carbon Engineering to Build Largest Carbon-From-Air Plant, The Permian Basin plant would initially capture 500,000 tons of atmospheric carbon per year. Occidental CEO hopes…
Do The United States embargoes and sanctions lead to War?
Let’s look at history, as most times it is repeated. In the four years leading up to Pearl Harbor, the US implemented restrictive trade measures…
Hess is among the leading producers of crude in the Bakken oil shale play
With its industry-leading acreage position, Hess’ Bakken operations in North Dakota are competitive with the best shale-oil plays in the world. Through the application of…
Brigade Energy Services in North Dakota suffered a fatality
An OSHA spokeswoman said employees of Brigade Energy Services were finishing up servicing a well when the top end of a heavy rod they were…