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Gasoline Contango And Crude Inventories Weigh On Oil Prices

Gasoline Contango And Crude Inventories Weigh On Oil Prices

Gasoline storage, typically in a state of backwardation during driving season, is now in contango due to unusually high supply, while floating crude storage hit its highest level since 2009

3 days ago
Why Is There A Gasoline Glut?

Why Is There A Gasoline Glut?

Gasoline demand for the summer of 2016, despite high temperatures and cheap prices is down from last year, which has sent stockpile soaring, but why?

3 days ago
‘’The Worst Is Behind Us’’ Schlumberger CEO Sees Reason For Optimism

‘’The Worst Is Behind Us’’ Schlumberger CEO Sees Reason For Optimism

Despite massive losses in Q2 2016 and an additional 8,000 layoffs, Schlumberger’s CEO sees a more positive future for oilfield services

2 days ago
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