Sunday, October 09, 2016
It has been a roller coaster ride for everyone involved with or invested in the oil industry this year. Oil prices have dropped as low as $27 per barrel earlier this year, about one-fourth of the price in 2008 during the boom. Now oil prices have once again...
Read more
Monday, September 19, 2016
There are plenty of stories about oil fields in the news, but most of them concern well-known fields. Houston-based Apache Corporation, however, recently announced its discovery of a significant oil and gas resource play in West Texas. The new play is being called Alpine High, and it may...
Read more
Tuesday, August 16, 2016
Amid ongoing news of low and stagnant oil prices, it is easy to assume that U.S. oil production will also remain in a slump. A recent analysis by Forbes reaches a different conclusion, however. That report actually forecasts that U.S. production is poised to grow in the coming...
Read more
Tuesday, August 09, 2016
Oil prices have kept investors and oil companies on edge over the past months. Prices, while still volatile, have at least been climbing recently. The worst may be over for now, but industry analysts are still predicting that oil markets will remain flat for quite a while to...
Read more
Sunday, June 26, 2016
There is a saying that a crisis is too good a thing to waste. That’s been true these days of the oil industry, which has taken the downturn in oil prices as a way to push operational efficiencies and new technologies to improve how they operate. As S&P Global...
Read more
Monday, June 13, 2016
The 13 members of OPEC decided against making any policy changes during its most recent meeting earlier this month, dismissing calls from some members to institute a production cap in an effort to get oil prices to climb once again. Instead, OPEC members will continue to produce as...
Read more
Wednesday, April 20, 2016
Despite efforts to reach a deal for a worldwide supply cap, the absence of a key country at a recent OPEC meeting created a meltdown in negotiations, causing the price of oil to remain on the low end. All parties were on board to support the deal, which...
Read more
Monday, March 28, 2016
The past year has seen the lowest gas prices in more than a decade as some areas have seen prices well below $2 a gallon. As spring approaches, though, the price of gas is expected to climb again, regardless of the supply and demand factors that originally drove...
Read more
Wednesday, March 23, 2016
Oil prices hit highs for the year last week as the price of a barrel climbed above $40, helping rally what has been a slumping oil market. The climb in price comes as suppliers are hopeful that foreign oil products will strike an agreement next month to reach...
Read more
Sunday, February 14, 2016
The dramatic drop in oil prices continues to cause problems for the industry as a whole, with the latest cause for concern centered on storage. As Market Watch reports, the storage tanks in Cushing, Oklahoma, which serve as a delivery point for the New York Mercantile Exchange crude...
Read more