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U.S. Shale Faces A Workforce Shortage

U.S. Shale Faces A Workforce Shortage

The workforce shortage in the…

Energy / Crude Oil

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Goldman Sachs: Global Oil Inventories To Continue Dropping

Feb 23, 2017 at 14:15 | Tsvetana Paraskova

Although crude oil inventories in the U.S. are expected to rise, the global oil market is showing signs of tightness and will continue to see crude stocks draw down, Goldman…

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EIA Reports Minor Build In Crude Inventories, Draw In Gasoline Stocks

Feb 23, 2017 at 10:22 | Irina Slav

After three straight weeks of builds in commercial oil inventories, today, the EIA had some more bad news for traders. The authority reported a build of 600,000 barrels, a…

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Non-OPEC Compliance Rate Rises To 60%

Feb 23, 2017 at 09:50 | Tsvetana Paraskova

The non-OPEC producers that have signed up to the supply-cut deal forged by OPEC to boost oil prices and rebalance the market have been improving on their initially low compliance…

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Record Gasoline Glut Is Causing Problems On The East Coast

Feb 22, 2017 at 14:13 | Tsvetana Paraskova

The U.S. East Coast traditionally relies on imports from east Canada and Europe to fill in its gasoline demand. However, these days the gasoline glut in the New York area…

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Oil & Gas M&A Just Broke All Records

Feb 22, 2017 at 12:01 | Dave Forest

I talked yesterday about prime oil and gas assets coming for sale in Asia. And some new data this week shows it’s not just that part of the world…

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Something Has Got To Give In Oil Markets

Feb 17, 2017 at 16:48 | SCS OTC Corp

- Oil wrestled with positive fundamental expectations and bearish present circumstances this week to remain glued to the $53 mark. In the present, stress of record high crude oil and…

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Trade Wars Or New Oil Markets – Trump’s Asian Dilemma

Feb 16, 2017 at 16:02 | Irina Slav

President Donald Trump has been vocal in referring to China as an unfair rival to the U.S. on global markets. The media has been only too happy to report on…

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OPEC Ready To Cut Deeper

Feb 16, 2017 at 09:22 | Irina Slav

OPEC is finding itself backed into a corner: the group, it appears, is prepared to extend the oil production cut agreement that is set to expire at the end of…

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U.S. Crude Inventories Reach Record High After EIA Reports Significant Build

Feb 15, 2017 at 09:52 | Irina Slav

For the third week in a row the Energy Information Administration (EIA) has reported an increase in commercial crude oil inventories of 9.5 million barrels, to a total of…

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Iraq Plans For Enormous Boost To Refining Capacity

Feb 14, 2017 at 14:59 | Irina Slav

Iraq’s government is ambitious and it wants to make the most of the country’s oil and gas reserves. Plans for an expansion of the country’s refinery network have been circulating…

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