Stockpiles at a key storage hub in Oklahoma probably rose 1.2 million barrels last week, according to a Bloomberg survey of analysts released Monday. Despite…
Tag: Oilfield
Crude Oil market volatility seen continuing into the New Year
The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising questions about crude demand in 2019.
Crude gets caught up in financial market weakness
Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.
Whiting Petroleum Corporation Stock is way down , Is it time to Buy?
Whiting Petroleum Corporation is an independent exploration and production company with an oil focused asset base. We are a top crude oil producer in North…
CANRIG ROBOTICS – The Electric Rig Hand
With a 1500 kilogram load capacity, the fully electric drill floor robot automates all pipe and tool operations to reduce the need for manual labor on…
Drillers added 10 oil rigs in the week to Dec. 21
U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures to their lowest since the summer of 2017.
The collapse in oil prices, now hovering around $45 per barrel in the U.S
Currently national gas prices at the pump average around $2.34 a gallon.