EIA: US Crude, Gasoline Inventories Rise Unexpectedly

Inventories of U.S. crude oil rose in part due to a sharp hike in net crude imports. Exports fell last week after reaching a weekly record in the previous week.

May 24 2018 - 7:15am

Oil Falls As Concern Mounts Over OPEC Supply, Softer Global Growth

Oil fell on May 23, under pressure from a potential increase in OPEC crude output to cool the market’s recent rally and cover any shortfalls in supply from Iran and Venezuela.

May 23 2018 - 8:12am

Oilfield Service Companies Eye Growing Labor Shortage

An oilfield service worker shortage is helping drive up service costs for oil producers, especially in the hottest shale fields.

May 18 2018 - 8:30am

EIA: US Crude Stocks Fall; Exports Hit Record High

Crude production in the U.S. continued to grow to record highs, rising 20,000 bbl/d to 10.72 million bbl/d last week, the EIA said.

May 16 2018 - 11:15am

For Big Oil, Reserve Size Matters Less Than Ever

The cost of developing existing reserves and the amount of carbon those reserves produce has now become more important, they said. This is leading to a profound shift in company strategies.

May 16 2018 - 10:01am

Is Renewable Investment Ready To Step On The Gas?

If American investors hesitate, Europeans are likely to move quickly on the promising U.S. wind and solar market.

May 16 2018 - 9:18am

IEA Warns Global Oil Demand May Suffer As Crude Nears $80

Oil inventories in the world's richest nations have now fallen below the five-year average at a level targeted by OPEC and its partners as the group restrains crude output for a second year.

May 16 2018 - 7:45am

Permian Isn’t Falling Off ‘Trending’ Any Time Soon

Meanwhile, RS Energy Group's Trevor Sloan said he has found fluid intensity in Permian Basin completions to be moderating to declining—counter to other plays.

May 15 2018 - 2:11pm

OPEC ‘Stands Ready To Support Oil Market Stability’

Statement leads to questions about whether OPEC will back off from its production limits.

May 15 2018 - 8:00am

EIA: US Shale Output To Rise To Record 7.18 MMbbl/d In June

U.S. shale production is expected to rise by about 145,000 barrels per day (bbl/d) to a record 7.18 million barrels per day (MMbbl/d) in June, the U.S. Energy Information Administration (EIA) said on May 14.

May 14 2018 - 2:17pm