Oil fell to near $95 a barrel Friday as investors waited to see if Iran will get sanction relief in exchange for curbing its nuclear program.
Crude had its highest closing price this month.
The minutes indicated that policymakers intend to soon begin winding down the central banks’ economic stimulus.
It’s true that for many undergraduates out of petroleum engineering programs, the goal is to land a spot at an operating company. Surely, these are excellent places to work, though I’d like to share today why I think that starting with a service company is an equally great way to launch a career in oil & gas. I’ve touched on this a few times without going into great detail, so today I’d like to flesh out that argument. More »
The price of oil remained above $93 a barrel Wednesday amid expectations U.S. crude stockpiles fell last week for the first time in nearly two months in a possible sign of improving demand. More »
Removing the current ban on crude oil exports would lower consumer prices and stimulate further tight oil production, the chief executive officer of ConocoPhillips said at an energy conference Tuesday morning. More »
Oil has traded between $93 and $96 a barrel for more than two weeks. More »
Oil was little changed below $93 a barrel Tuesday, awaiting new cues from U.S. economic indicators and the resumption of negotiations in Geneva meant to curb Iran’s nuclear program. More »
Oil prices were subdued Monday ahead of the resumption of negotiations in Geneva to curb Iran’s nuclear program. More »
Oil is down 77 cents since Nov. 1.
The price of oil rose toward $94 a barrel Friday after incoming Federal Reserve chief Janet Yellen indicated that economic stimulus will remain in place pending further improvement in the U.S. economy. More »
There are 834 drilling rigs hunting oil and gas in Texas - 47.5 percent of U.S. rigs and 24 percent of drilling rigs worldwide, according to the latest Baker Hughes Rig Count. Most of the Texas rigs are working in five major fields. More »