Mineral Resources Director Lynn Helms, the state’s top oil regulator, said about 20% of drilling activity is now outside of the “core” areas of the…
Commodities
Production Cuts May Not Be Enough to stop crude decline
OPEC saw its crude oil production dip by nearly 500,000 bpd in January from December
Saudi Arabia is considering large oil cuts due to coronavirus
Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The…
China to Support Markets as Coronavirus Spreads
The CSI 300 Index dropped as much as 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s central bank said…
Oil is up , thanks to sabre rattling about Iran war.
Oil futures started 2020 with a modest gain on Thursday, as traders eyed developments in the Middle East and weighed prospects for crude supply disruptions…
A Huge Decline In Oil Replacement Ratio
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy’s latest global discoveries report. This means that…
For eighth straight session U.S. crude oil keeps going lower
Equities have snapped back from sharp early losses but not so much for crude oil (USO -1.1%), as WTI is on track for its eighth…
U.S. economic data not looking good – Oil prices sink
Oil prices sink as weak U.S. economic data dims demand outlook. – cnbc.com Brent crude futures lost 49 cents, or 0.8%, to $58.76 a barrel,…
South Korea Oil Tanker Blast Sparks Fire Injuring 18
A mushroom cloud of fire erupted from Stolt Groenland, the Blaze spread to South Korean-flagged oil tanker Bow Dalian – which was docked nearby Some…
Crude oil prices could plunge lower
Saudi Arabia has restored half of the crude product that was lost to devastating attacks on its oil industry, and the kingdom said output will…
No need to tap into Strategic Petroleum Reserve
Harold Hamm, chairman, and CEO of Continental Resources on the drone wars and oil volatility.
So much for that $100.00 a barrel oil
Brent crude futures, the international benchmark, fell $4.41 or 6.39%, to $64.61 after Saudi Dictators in the desert said oil output will be fully back…
China has begun imposing new tariffs to crude oil from the U.S
China has begun imposing new tariffs to crude oil from the U.S. In the continued escalation to Trump’s trade war, China also filed a complaint…
Have We Reached Peak Production?
In less than eight years, U.S. oil production climbed from under 6 million barrels per day (BPD) to more than 12 million BPD. This surge…