UK oil major Wood Group…
The US achieved record-breaking oil…
Last week West Texas Intermediate rallied 4.62 percent and was up for the second week in a row. It is important to note that the price…
The fourth quarter is shaping up to be one of the most painful in recent memory for the oil and gas industry. BP is the…
Short but potentially very important note for the oil market over the weekend. From a place that’s been one of the major focus points for the…
The U.S. land rig count fell 17 to 590 and the horizontal land rig count fell 13 to 487. Horizontal Land Rig Count Update This week, the Permian basin horizontal…
Discerning market pessimism from fundamental-based movements can be difficult, especially with all the moving oil has done in the last year plus. And to be sure,…
Russia’s LukOil may have dropped some of its other new exploration projects as sliding oil prices curtail spending, but the specter of declining Russian crude…
In today’s gloomy oil-price news cycle, it’s sometimes easy to overlook the fact that if not for the advent of hydraulic fracturing coupled with horizontal drilling…
Continental Resources (CLR) announced its 2016 guidance on January 26 (excerpts below). Essentially it confirms our theory of the new normal of seeking free cash…
The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak,…
Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion…
The head of OPEC called on oil producers around the world to work together to address the current state of oversupply. “It is vital the market…
The sharp rally in oil prices at the end of last week came to an abrupt halt on Monday, with WTI and Brent both trading down…
The U.S. land rig count for the week ending 22 January 2016 was 607, down 16, and the horizontal land rig count was 500, down 11…
Iraq has been one of the key contributors to the uptick in OPEC oil production over the past year and a half. Despite the fact that…
2015 was a surprisingly good year for British oil production; it was up on the year for the first time in more than 15 years. Global…
Oil prices dropped to fresh lows during midday trading on January 20, with WTI dipping below $27 per barrel and Brent trading under $28. The crash…
Oman wants to slash oil production in order to staunch the price slide and ease the supply glut—but it won’t move before OPEC does. It’s…
According to the Energy Information Administration’s Monthly Energy Review database, world field production of crude oil in September was up 1.5 million barrels a day…
Energy analysts Wood MacKenzie said last week that low oil prices have now caused the delay of 68 planned petroleum projects globally. Representing $380 billion in frozen capital expenditures. And…
The economic instability in China has raised concerns about the global economy, but the pain is already being acutely felt in Brazil, where economic success over…