Industry News

EIA Raises U.S. Oil Production Growth Forecast for 2018

date October 12, 2017
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EIA Raises U.S. Oil Production Growth Forecast for 2018

Hellenic Shipping News | Staff According to the EIA, U.S oil production is forecasted to grow in 2018 more than expected. The U.S. Energy Information Administration said on Wednesday it expects U.S. crude oil production […]

Oil Prices Poised To Rise in Early 2018

date October 12, 2017
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Oil Prices Poised To Rise in Early 2018

Oil Price | Arthur Berman It is anticipated that oil prices will rise in the beginning of 2018 due to increased demand. Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, […]

US Crude Rises 38 Cents, Settling at $51.30, on Signs of Market Rebalancing 

date October 11, 2017
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US Crude Rises 38 Cents, Settling at $51.30, on Signs of Market Rebalancing 

CNBC | Staff Demand is expected to increase in the oil and gas industry in 2018 due to efforts to rebalance the market and eliminate oil glut. Oil prices rose for a third straight session […]

Drilling Permits Surge As Oil Hovers Above $50 a Barrel

date October 11, 2017
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Drilling Permits Surge As Oil Hovers Above $50 a Barrel

Houston Chronicle | Collin Eaton In September, the number of drilling permits rose above 2014 levels for the first time since January 2015. Oil companies took out a greater number U.S. drilling permits in September, […]

Oil Prices Climb After OPEC Signals Possible Deal Extension

date October 10, 2017
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Oil Prices Climb After OPEC Signals Possible Deal Extension

Reuters | Devika Krishna Kumar Between OPEC’s efforts to balance the market and the increase in U.S. crude exports, oil prices are climbing. Oil prices inched higher on Monday after one of the most bearish […]

API: American Made Energy Growing, As Estimated Completed Wells Up 63% This Year

date October 10, 2017
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API: American Made Energy Growing, As Estimated Completed Wells Up 63% This Year

World Oil | Sabrina Fang API announced that oil and natural gas development in the U.S. is steady and in a growth mode. API has announced that estimated wells completed in the third quarter of […]

Record U.S. Crude Exports Squeeze North Sea Oil

date October 10, 2017
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Record U.S. Crude Exports Squeeze North Sea Oil

Oil Price | Tsvetana Paraskova U.S. crude exports are at an all-time high. Record-high U.S. crude oil exports are putting pressure on North Sea oil as American oil is now flowing to Europe and to […]

Oil and Gas Industry Resilient Among Low Prices, Executives Say

date October 9, 2017
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Oil and Gas Industry Resilient Among Low Prices, Executives Say

San Antonio Express News | Jennifer Hiller Oil and gas executives are finding that oil prices are not holding innovation and progress in the industry back. Low oil and gas prices, the rise of electric […]

API: Increased U.S. Natural Gas Exports Boost Jobs, Accelerate Economic Growth

date October 3, 2017
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API: Increased U.S. Natural Gas Exports Boost Jobs, Accelerate Economic Growth

World Oil | Michael Tadeo Should US natural gas exports continue to grow, between 220,000 and 452,000 American jobs could be added. API today released a new study showing that increased exports of clean and […]

Natural Gas Abundance and LNG Exports

date October 3, 2017
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Natural Gas Abundance and LNG Exports

Energy Tomorrow | Mark Green U.S. LNG is expected to increase job growth and have a significant positive impact on the U.S. economy. A new look at the impacts of LNG exports by ICF International […]