Industry Trends
News
July 08, 2022
Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,999 jobs to 633,198 in June, according to preliminary data.
News
July 08, 2022
This year, the number of new petroleum-engineering graduates in the U.S. is expected to total about 400 -- an 83% decline from 2017, when they peaked at more than 2,300.
News
July 08, 2022
The heart of the U.S. physical oil markets is screaming for supplies even as headline prices swing due to worries about a global recession.
News
July 07, 2022
Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas
industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry.
News
July 07, 2022
The U.S. and its allies have discussed trying to cap the price on Russian oil between $40 and about $60 a barrel, according to people familiar with the matter.
News
July 07, 2022
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries.
News
July 05, 2022
For over 20 years, the World Oil Awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized changes in technology that have made a lasting impact. Nominations for this year's awards will be accepted through this Saturday, July 9, at midnight CST.
News
July 05, 2022
Abu Dhabi National Energy Company PJSC (TAQA), one of the largest utilities in Europe Middle East and Africa, completed the strategic review of its oil and gas business announced in September 2021.
News
July 01, 2022
It may not be quite throwing caution to the winds, but the prospect of hefty profits and supply that may not stretch to meet consumer demand is enticing U.S. refiners to run at a 21-month high, testing equipment limits to sustain high rates without breakdowns.
News
June 30, 2022
The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day.
News
June 30, 2022
President Joe Biden said he’ll ask U.S. allies in the Persian Gulf region to boost oil production when he meets with them during a trip to Saudi Arabia next month, one of the key avenues he has to address surging inflation costs at home.
News
June 28, 2022
OPEC+ is more than half a billion barrels behind on its pledge to supply world markets with oil, exacerbating concerns about the group’s ability to balance the global market.
News
June 28, 2022
The OPEC+ alliance is set for an easy meeting this week as it cruises to the conclusion of a two-year pact on oil supplies. The respite won’t last long.
News
June 24, 2022
Russia’s invasion of Ukraine has dominated headlines in terms of being a humanitarian crisis in Eastern Europe, which it is, first and foremost. It also continues to have sweeping implications for the global energy industry, the global economy, and everyone on the planet.
News
June 22, 2022
Oil leaders and their allies on Capitol Hill are panning the approach, saying it does nothing to address more fundamental problems holding back U.S. crude and gasoline production.
News
June 17, 2022
The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question.
News
June 16, 2022
Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambasts the industry for closing plants.
News
June 15, 2022
Billionaire Harold Hamm is poised to throw off the shackles of shareholder discipline so that Continental Resources Inc. can maximize windfall profits.
News
June 14, 2022
The American Petroleum Institute on Tuesday released a “10 in 2022 plan”—10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security.
News
June 14, 2022
World oil consumption will expand by 1.8 million barrels a day, down from the 3.4 million a day anticipated this year, the group’s preliminary projections show, according to a delegate. The outlook will be reviewed by representatives from the group’s member states next week.
News
June 13, 2022
Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields.
