Archives for August 2016
Market currents: Nigerian oil challenges, Iraqi opportunities
Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih said Saudi would ‘take any action to help the market...
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IEA says global oil demand growth could sink
HOUSTON – The International Energy Agency says global markets have absorbed the excess oil that has weighed on crude prices for two years, but now oil demand growth, one pillar supporting prices, is in decline....
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Williams Partners has plan to bring back drilling to Barnett
Williams Partners has a plan to revive drilling in the birthplace of the U.S. shale boom. The Tulsa, Okla.-based pipeline giant has drafted a service contract with a private equity-backed company that’s taking over Chesapeake...
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Diesel oil spills from grounded rig on Scottish island
The Transocean Winner was being towed when it broke free of its tug and ran aground on the Isle of Lewis on Monday. A British official says thousands of liters (gallons) of diesel have likely...
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Texas oil regulator predicts $60 oil next year
Oil prices will rise to $60 a barrel next year, Texas oil commissioner Ryan Sitton told attendees Wednesday at NAPE, the nation’s expo for buying and selling oil and gas land. Sitton, one of several...
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