American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group. “The main reason that hiring […]
Source: U.S. Energy Information Administration, Drilling Productivity Report (DPR), based on data from Enverus In 2020, U.S. initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to our Drilling Productivity Report (DPR), […]
Source: U.S. Energy Information Administration, Southern California Daily Energy Report We provide daily information on the Southern California energy market in our Southern California Daily Energy Report, which uses several of our data sources as well as third-party […]
It is widely expected that the price of petrol will be hiked across the emulation in the coming months as a result of the growing political and economic tension between Saudi Arabia and the UAE. While the […]
Writing back in January about President Joe Biden’s order to kill the Keystone XL Pipeline, I warned that that action was just an opening volley in a war on the domestic oil and gas business […]
Just as natural gas has competed with coal as the prime fuel for electricity in the last decades, renewables are putting pressure on the blue, clean-burning source of energy. The competition is fierce and will likely […]
A recent survey indicates that the coal industry in the United States is showing a marked upsurge in demand. In fact, it has been revealed that the nation’s output of this fossil fuel is expected […]
Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season. Futures edged up after earlier falling as much as 2% in […]
Source: U.S. Energy Information Administration, Refinery Capacity Report As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to […]
Source: U.S. Energy Information Administration, based on U.S. Drought Monitor Most of the western United States is experiencing intense and historic drought conditions. California is one of the most severely affected states. As of June 22, 2021, 100% […]
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