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Though crude is cheaper than during the financial crisis seven years ago, global oil prices haven’t fallen far enough yet to force oil producers to shut in more than 0.1 percent of the world’s daily supply.
Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
Thirty-two years after Cyndi Lauper released one of her most popular hits (how scary is that?!), and yep, the weekly EIA inventory report heralds a bearish tone for the crude complex….time after time. Last night’s API report yielded a whopping 11.4 million barrel build to crude stocks, as a combination of planned and unplanned refinery […]
New rules proposed move Friday will seek to reduce waste and harmful methane emissions as President Barack Obama addresses climate change.
‘”The dramatic fall in prices has led to the disappointing writedown,” Chief Executive Officer Andrew Mackenzie said.
The lawsuit alleges that the companies were negligent in disposing of saltwater waste from their drilling activities in the area without considering the risks of inducing seismic activity.
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
The year fittingly ended with the oil rig count declining by two rigs for a 2015 defined by energy austerity as the price of oil plummeted beginning in the latter half of 2014, according to weekly data released by oil field services firm Baker Hughes.
BP didn’t disclose the purchase price, but said its expansion in the San Juan Basin includes 480 wells over 33,000 gross acres on federal land in the first quarter of next year.
U.S. oil producer Halcón Resources says it’s planning to cut its investment spending in half next year in a “tempered approach” amid low crude prices, driving its energy output down.