oil and gas
oil and gas Articles
ThinkstockTwo oil field services companies announced on Tuesday that they plan to spin off parts of their businesses into separately traded companies. National Oilwell Varco Inc. (NYSE: NOV) will...
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ThinkstockNo new oil refinery has been built in the U.S. in more than 35 years. Now there are two in the works. A 20,000-barrel a day refinery in North Dakota is already under construction and on...
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ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week,...
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thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 46 billion cubic feet last week, compared with an expected build of 55...
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ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 4.4 million barrels last week,...
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ThinkstockIn 2012, the U.S. imported nearly 3 million barrels of oil a day from Canada. The Keystone XL pipeline, if it is approved, would increase that total by 830,000 barrels, but without a change...
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ThinkstockGlobal oil markets never seem to sit still. Crude oil prices, of course, vary minute by minute nearly 24-hours a day, but that is only the most visible manifestation of the action. A...
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courtesy of Chevron Corp.Following a November 2011 leak of about 3,600 barrels of oil from a rig offshore of Brazil, Chevron Corp. (NYSE: CVX) and driller Transocean Ltd. (NYSE: RIG) were slapped...
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ThinkstockThe run-up in crude oil prices that got rolling in mid-April has pushed West Texas Intermediate (WTI) crude prices from around $87 a barrel to almost $110 a barrel. That is a gain of more...
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thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 65 billion cubic feet last week, compared with an expected build of about 67 billion...
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ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 200,000 barrels last week,...
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ThinkstockCost-cutting and price-cutting have been the major trends in the oil field services sector for at least the past year. It is hard to know which is the chicken and which the egg, but...
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ThinkstockThe U.S. Energy Information Administration (EIA) released the September revision to its Short-Term Energy Outlook on Tuesday, and the major change is that the EIA now expects the average...
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ThinkstockThe Russian proposal to put Syria’s chemical weapons stockpile under international control has changed the calculus on President Obama’s intention to take military action against the...
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ThinkstockLast year U.S. drivers consumed about 50,000 barrels a day less gasoline than they did in 2011. In the first half of 2013, drivers have cut consumption another 50,000 barrels a day. The...
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