BP CEO: Global oil markets in “better balance”
BP CEO Bob Dudley joined a growing chorus of oil leaders predicting the historic lows in crude prices over the past two years are nearing an end. “I’m happy to report that the global supply...
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Market Currents: US LNG exports heading far and wide
As the pound pushes on, equities rally, and bonds sell off, oil is being propelled higher by an expectation for a ‘remain’ vote coming through in today’s Brexit vote. With that out of the way,...
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California pipeline spill much smaller than reported earlier
VENTURA, Calif. — Southern California authorities have revised the estimated size of a crude oil pipeline spill down to 29,400 gallons. The spill early Thursday in Ventura County was initially projected to be as much...
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Drillers may return to dormant wells as confidence in recovery grows, Rystad says
HOUSTON – Crude prices have climbed high enough that drillers could soon tap into the big backlog of dormant wells left behind in the darkest days of the energy bust, energy experts say. Click through...
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Guest commentary: Independents’ day dawns for oil industry
By Ivan Sandrea A couple of weeks ago, Mexico continued the historic opening of its energy markets to the world with the signing of its 24th contract for exploration and production with companies other than government-owned...
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