An official with Exxon told Reuters that the global oil giant has plans to expand its Beaumont refinery as well as boost refining capacity at other US Gulf Coast plants. The Examiner photo. Exxon plans [Read more]
Oil prices fell over one per cent on Tuesday as investors grew more concerned about rising US production wiping out OPEC’s efforts to cut the global crude glut. Anadarko photo. US oil prices impacted by [Read more]
Increased US shale production is expected to overwhelm refining capacity. Last October, the Port of Corpus Christi signed an agreement with the US Army Corps of Engineers to expand the shipping channel to accommodate larger [Read more]
New synthetic oil provides protection guarantee for 15,000 miles or 24,000 kilometers between oil changes ExxonMobil is introducing a new high performance synthetic motor oil, . The new oil is specifically designed for high mileage [Read more]
US shale production is set to rise by 131,000 barrels per day next month to a record high of 6.95 million b/d, according to the US Energy Information Administration. Anadarko photo. US shale output gains [Read more]
The Trump administration plans to broadly expand US offshore drilling, but is facing opposition from many coastal states and indifference from oil majors. US Coast Guard photo. Current US offshore drilling rules in place from [Read more]
Hedge funds, other money managers cut their combined net long position in six most important futures and options contracts linked to petroleum prices by 50 million barrels last week. Shell photo. Hedge funds liquidation mostly [Read more]
Oil prices fell over one per cent on Monday on waning enthusiasm for crude due to increasing US crude supply. Anadarko photo. Oil prices pressured by higher US supply Oil prices fell on Monday, dropping [Read more]
Energy IPOs could reach their highest in four years and with pressing financial needs, oilfield services companies will likely lead the recovery. Dome Energy photo. Canadian energy IPOs could include Canbriam Energy, Velvet Energy According [Read more]
Oil prices jumped over 2 per cent on Friday after strong US jobs data boosted Wall Street and investors found hope in the proposed meeting between President Trump and Kim Jong Un of North Korea. [Read more]
The longer the Saudi Aramco IPO decision is delayed, the more likely it is that the sale will not occur, or will be scaled back to a listing on the domestic stock market. AFP/Getty Images [Read more]
Oil prices fell on Thursday. Benchmark Brent dropped below $64/barrel and US WTI settled the day at just over $60/barrel. Anadarko photo. Oil prices down over 1 per cent On Thursday, oil prices fell and [Read more]
A number of Canadian First Nations are using their clout with regulators to make inroads in oil and gas projects in an effort to enrich their bands and help their people get good jobs and [Read more]
The recent oil rally has been replaced by caution that has started to flow through into prices and fund manager positions. Anadarko photo. Oil rally on pause, most portfolio managers still believe prices will rise [Read more]
Tim McKay, President of CNRL says his company may also reduce its heavy oil drilling program in the second half of this year, and instead, drill more light oil. CNRL photo. CNRL is delaying completion [Read more]
Oil prices fell on Wednesday, matching a trend on Wall Street after President Donald Trump said he planned to implement tariffs on steel and aluminum which many analysts believe could lead to a trade war. [Read more]
Oil prices gained slightly on Tuesday, mostly supported by a weaker US dollar but analysts are concerned that data released on Tuesday afternoon and Wednesday morning will show a rise in US crude inventories. Anadarko [Read more]
Saudi Aramco’s CEO Amin Nasser told an audience at CERAWeek in Houston on Tuesday that to keep pace with expected growth in demand and make up for declining fields, the gas and oil industry needs [Read more]
US domestic market can only absorb 1/4 of extra 4 million b/d of US light crude expected to enter market in 2023 As tight-oil production continues to grow, the US is positioning itself as a [Read more]
In Venezuela, oil production has fallen by over half in past 20 years Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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