Friday’s jobs numbers threw everyone for a loop. But they were unambiguously good for the oil and gas business: Payrolls jumped by more than 12,000 in March, the biggest monthly gain in more than 30 years of […]
The main fuel supply line to the U.S. East Coast has shut down indefinitely after the pipeline’s operator suffered what is believed to be the largest successful cyberattack on oil infrastructure in the country’s history […]
Houston — Marathon Oil is returning to limited operations in Oklahoma and the Permian Basin’s western Delaware Basin in New Mexico before ramping up next year, the company’s top executives said May 6. The company opted […]
New Delhi: Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and […]
U.S. crude oil imports from OPEC are down, but imports from Canada remain high Source: U.S. Energy Information Administration, Petroleum Supply Monthly Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far […]
New Delhi: It is safe to say that the oil markets are on the way to recovery, despite still-widespread Covid-19 infections, notably in India, Europe and the US, after suffering what has been its worst year ever. […]
New Delhi: OPEC‘s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a […]
Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and a pickup […]
Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]
Crude oil imports into the United States reached a peak in 2005, but they dropped 42% between 2005 and 2020 to an average of 5.9 million barrels per day (b/d), the lowest level since 1991. […]
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