Category: Crude oil

OPEC production surges as Iraq pumps most in 35 years

OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency.  More »

IEA raises 2014 oil demand estimate as world economy recovers

Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.  More »

Senator: Energy technology needed to combat climate change

The U.S. has made progress at addressing climate change, but additional technologies are needed to promote the use of abundant energy resources while combating emissions, Sen. Lisa Murkowski, R-Alaska.  More »

US to tap strategic petroleum reserve

The Obama administration will release 5 million barrels of sour crude from the United States’ emergency stockpile in what officials described as a “test” of the nation’s capability to respond to oil supply disruptions around the globe.  More »

Oil drops to below $98 on China economy

China’s drop in exports in February fueled worries of a further slowdown in the world’s second-largest economy.  More »

Oil drops below $99 on China slowdown jitters

The price of oil dropped below $99 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand.  More »

Keystone XL southern leg having major effect on US oil hub

The southern leg of the Keystone XL pipeline has drained supplies of oil at the hub of Cushing, Okla., to their lowest levels in more than two years, according to a federal report released Tuesday.  More »

Oil falls to near $101 on China data

China’s customs data showed over the weekend that exports plunged by an unexpectedly large 18 percent last month.  More »

U.S. more energy secure because of shale, chamber says

The United States became more energy secure in 2013 as the shale boom continued to pad domestic resources, according to an analysis by the U.S. Chamber of Commerce.  More »

Official: Canadian oil won’t hurt ND production

The director of the North Dakota Pipeline Authority says proposed increases of crude from Canada’s oil sands likely won’t have an impact on the state’s soaring oil production.  More »

The Dallas Fed says energy industry remains ‘solid’

The latest Beige Book from the Federal Reserve Bank of Dallas is out, and it said the energy industry “remains solid” with healthy demand for oil field services.  More »

Marrying tablets and Google Glass to increase the efficiency of oil & gas field operations (video)

For these reasons, I have started to program what I’m calling for now a “Digital Tally Book”; eventually it will be a standalone application for field engineers, as well as an easy way to send relevant content to the Google Glass device.  More »