News
Inventories fall for fifth straight week, pushing crude near $50 a barrel
Oil climbed, approaching $50 a barrel in New York, after government data showed that U.S. crude stockpiles dropped last week. Inventories slipped 2.98 million barrels in the week ended Sept. 30, according to the Energy...
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Drones are coming to squeeze more savings from oil patch
General Electric Co. has a solution for U.S. oil and natural gas explorers struggling to save more money after squeezing drilling costs by more than a third during the past two years. Raven, a helicopter...
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Market Currents: Saudi oil exports to U.S. are at a 5-month high
Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric….refreshing!). As further distractions await in the coming days via data deluges, hark, here are five things to...
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U.S. drillers, investors, carefully watching Russian oil production
Russia is smashing post-Soviet oil records, producing more crude in September than it has in decades. As U.S. drillers and investors wait impatiently on OPEC plans to cut production, analysts are carefully watching the cartel’s...
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The “Deepwater Horizon” Scene That Should Be Required Viewing for Engineers
If professors and managers don’t want to devote the entire length of the film to training, I believe one scene (only a few minutes long) in particular needs to be highlighted. Source: FuelFix
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