EIA raises crude oil price outlook
The U.S. Energy Information Agency’s (EIA) May “Short-Term Energy Outlook’’ (STEO) predicted Brent crude oil prices would average $71 per barrel this year, $7 higher than what was forecast in April. C…
Tagged: Oil&Gas
Oil and gas firms plan leaner projects worldwide
Wood Mackenzie (WoodMac) About 30 upstream oil and gas projects are expected to be approved around the world this year, similar to 2017, as operators stay focused on less capital-intensive projects wi…
U.S. Driving World’s Oil Market
World’s Oil Market – IEA Outlook FILE – In this April 24, 2015 file photo, pumpjacks work in a field near Lovington, N.M. The boom in US oil production is expected to satisfy most of the world’s growi…
Oil creating Saudi – Russia link
Oil creating Saudi, Russia link Saudi Arabia’s oil production agreement with Russia was opportunistic at first, but it is now the foundation for a broader relationship that has the potential to reduce…
Oil & Gas Exploration to Draw $811 billion, Data Firm Predicts
More than $811 billion will be spent on 615 upcoming oil and gas fields between 2018 and 2025 according to data and analytics company GlobalData. Globally, capital expenditure (capex) into conventiona…
Fracking Expected to Bring Oil-Field Record
Fracking & Oil-Field Poised to Break Records This spring America’s oil companies are expected to produce a record 10 million barrels of American crude a day, largely due to another record that is…
Driver Shortage Hindering Oil Production
Permian’s production growth – the main driver of the second shale revolution as oil prices crept higher over the past 12 months — may be limited not by geological or technological constraints, but by…
Diesel Prices to Rise, Agency Says
A federal outlook for national average on-highway diesel prices predicts they will be higher this year and in 2019 than they were last year and in 2016. However, they should at least be fairly stable…
Chemical market up, data show
Chemical market up T The American chemical industry began the third quarter on a positive note, with growth in U.S. specialty chemicals market volumes expanding 0.4 percent in July, following an upwar…
