Pemex confirms Gulf oil platform accident, impact unclear June 24, 2015 // 2 Comments Mexico’s state-run oil company, Pemex, confirmed on Monday there was an accident on an oil platform at one of its [...]
Oil up as US crude contract expires; eyes on gasoline, Greece June 24, 2015 // 3 Comments NEW YORK – Oil reversed losses to end slightly higher on Monday as short-covering ahead of the expiry of the [...]
Oil down 2 % on Greek worries, weaker products markets June 22, 2015 // 1 Comment NEW YORK – Crude oil fell about 2 % on Friday, the first decline after three days of gains, as worries over the Greek [...]
U.S. oil rigs decline, but up in Permian, Bakken: Baker Hughes June 22, 2015 // 0 Comments U.S. oil drillers this week added one rig each in the Permian and Bakken shale basins, data showed on Friday, another sign [...]
Nigeria’s Buhari advised to end fuel subsidy – sources June 22, 2015 // 5 Comments Nigeria’s new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy [...]
Asia Pacific oil & gas companies to offer improved incentives despite budget cuts June 19, 2015 // 2 Comments In the face of declining oil prices forcing oil & gas companies around the world to trim budgets, the majority of Asia [...]
Oil supplies reach historic levels June 19, 2015 // 4 Comments Crude oil supplies are on pace to reach their longest surplus since 1985 and are just one quarter away from meeting the [...]
Norway oil rig workers threaten strike if wage talks fail June 19, 2015 // 3 Comments Some 574 Norwegian rig workers could go on strike from next Thursday, potentially reducing oil production, unless a wage [...]
Analysts predict continued high margins in Indian refining, petrochemicals June 19, 2015 // 2 Comments Reliance Industries headed for its biggest gain in more than four years on optimism improved refining margins witnessed in [...]
Small U.S. frackers face extinction amid drilling drought June 18, 2015 // 1 Comment WEATHERFORD, Texas (Reuters) – Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet [...]