Forecast
News
December 15, 2015
The collapse of oil prices has claimed its first bankruptcy victim in Norway’s offshore industry, and analysts warn more may follow.
News
December 14, 2015
House Democrats are now open to lifting the 40-year-ban on U.S. crude-oil exports, negotiating with Republicans in hopes of extracting trade-offs in exchange for a top Republican priority, a Democratic leadership aide said Monday.
News
December 11, 2015
In September 2015, monthly U.S. crude oil imports from Mexico totaled 0.6 MMbpd, the lowest level since 1990, and a decrease of about 50% since January 2011.
News
December 10, 2015
Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of abating.
News
December 10, 2015
Five incidents of pipeline theft a day, a rate that’s almost doubled in the last two years, isn’t fazing potential bidders seeking to produce oil from onshore fields in five Mexican states.
News
December 09, 2015
CME Group, the world’s leading and most diverse derivatives marketplace, today announced it reached a trading volume record for combined NYMEX WTI futures and options yesterday, December 8, of 1,841,295 contracts compared to the previous record of 1,772,232 contracts on August 31, 2015.
News
December 09, 2015
The Canary Islands is working to further position itself as the most competitive alternative to operate in West Africa, especially in a context of crisis due to low oil prices.
News
December 08, 2015
Kinder Morgan Inc., the biggest North American oil pipeline operator, cut its 2016 dividend by 74% as the free-fall in crude markets reduced cash flow needed to cover payments on $41 billion of debt.
News
December 08, 2015
For Canada’s oil industry, the bad news won’t stop.
News
December 08, 2015
Just when it seemed things couldn’t get worse for debt-laden energy companies, a renewed rout in oil prices is deepening their distress.
News
December 08, 2015
China’s exports fell for a fifth month while a slump in imports moderated, as policy makers seek to spur domestic spending amid tepid global demand.
News
December 08, 2015
The global oil industry is set to repeat this year’s $200 billion of investment cuts in 2016, raising even more concerns than the current slump in crude prices, according to the CEO of Italy’s Eni SpA.
News
December 03, 2015
U.S. demand for oilfield chemicals is forecast to increase to $10.3 billion in 2019, with healthy growth overcoming declines expected in 2015 and 2016.
News
December 03, 2015
Oil rebounded from the lowest price in more than six years in London as the Organization of Petroleum Exporting Countries prepares to meet on Friday.
News
December 02, 2015
Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 MMbpd as the cost of fighting Islamic State militants saps resources.
News
December 01, 2015
Oil was little changed after its biggest monthly decline since July as OPEC ministers arrive in Vienna ahead of this week’s policy meeting.
News
November 30, 2015
Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.
News
November 30, 2015
For Russia, $30 is the number to watch.
News
November 25, 2015
Oil retreated after a government report showed that U.S. crude, gasoline and distillate fuel stockpiles increased.
News
November 25, 2015
As oil and gas facilities in the Middle East are aging and approaching their anticipated design life, operators are asking whether the end is really near, and whether a new lease on life is possible.
News
November 23, 2015
Canada’s oil sands are about to be put on a carbon diet as the country strives to overcome the “dirty oil” label used by President Barack Obama in rejecting the Keystone XL pipeline.
