Oil prices stabilize, worries rise over storage build at CushingMay 13, 2016 // 5 CommentsOil prices stabilized but futures remain under pressure on signs of another storage build at the hub for US crude futures. [...]
US EPA finalizes rules to cut methane, other emissions from gas and oil sitesMay 13, 2016 // 3 CommentsNew rules to regulate methane and other emissions from new natural gas and oil drilling sites have been completed by the US [...]
Saudi Aramco plans to grow production and expand operationsMay 11, 2016 // 3 CommentsSaudi Arabia’s state-run oil company said that production will increase slightly this year. It has also detailed plans on [...]
Oil price rises 2% in Asia as supply is threatened by Canadian wildfireMay 9, 2016 // 3 CommentsAt the start of Asia’s Monday oil trading session, oil prices increased more than 2% as supply outages persisted over the [...]
US output drop, Canadian wildfire increase crude oil priceMay 6, 2016 // 3 CommentsFor a second day, oil prices increased as Canada’s oil sands region wildfire cut production and US output declined the [...]
Thousands affected by Canada oil sands wildfireMay 4, 2016 // 3 CommentsEighty thousand people are forced toevacuate as Alberta authorities fight an uncontrolled wildfire burning near Fort [...]
Oil industry bankruptcy approaches magnitude of US telecom bustMay 4, 2016 // 6 CommentsThis week, a total of 59 oil and gas companies are now bankrupt after Midstates Petroleum MPOY.PK and Ultra Petroleum UPL.NL [...]
Oil price falls after Iraq exports rise to near record in AprilMay 2, 2016 // 2 CommentsOil price declined a second day after Iraq’s oil exports approached a record high in April, adding barrels to a worldwide [...]
India ready to pay off US$6.5 billion Iranian oil debtMay 2, 2016 // 1 CommentIndia is eager to step up their engagement with Iran in the hydrocarbon sector and so, has conveyed its intention to clear [...]
Halliburton, Baker Hughes terminate US$34.6 billion mergerMay 2, 2016 // 2 CommentsHalliburton Company and Baker Hughes Incorporated announced on May 1 that they have terminated the US$34.6 billion merger [...]