OPEC oil production at nearly 8-year high, Platts says
HOUSTON – The Organization of Petroleum Exporting Countries pumped the most oil in almost eight years last month, a sign producers are still trying to carve out a bigger piece of the global market, S&P...
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Gasoline prices continue monthlong slide
The summer demand for fuel is expected to remain near record levels, but gasoline prices likely maxed out in June and could keep falling, according to daily survey data collected by GasBuddy.com Source: FuelFix
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Future shale production will hinge on technology, EIA says
HOUSTON – After the energy bust, the future of U.S. shale oil will depend greatly on how quickly drilling technology can evolve over the next 25 years, the Energy Information Administration says. Rapid technological change...
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Energy ‘death list’ proves prescient
Warren also represented another target on a so-called “oil company death list” published in early 2015 by the Baltimore-based Oxford Club investors’ network. Out of the list of 19 companies with allegedly “toxic” debt-to-equity ratios,...
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Drillers put 10 oil rigs back to work this week
HOUSTON – U.S. drillers dispatched 10 more oil rigs back to the field this past week, bringing the nation’s overall rig count to its highest point in four months, Baker Hughes data showed Friday. The...
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