VIENNA, Austria (Bloomberg) -- A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step. OPEC members and rival produc......【More】
2016-03-11WASHINGTON, D.C. -- Women and minorities will fill an exceptional number of the nearly 1.9 million job opportunities projected in the oil and natural gas and petrochemical industries by 2035, according to a new IHS report, Minority and Fema......【More】
2016-03-10WASHINGTON, D.C. (Bloomberg) -- U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report. Producers from Texas to Alaska will pump 8.19 MMbopd......【More】
2016-03-09IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at home after a 40-year export ban was lifted.......【More】
2016-03-07CALGARY, Alberta (Bloomberg) -- Canadian Natural Resources Ltd. lowered its 2016 capital budget about 22%, joining peers in clawing back investments as price assumptions fall in the worst oil rout in a generation. Canadas largest heavy-crud......【More】
2016-03-04NORWICH, United Kingdom -- Oil Gas UK and East of England Energy Group (EEEGR) have signed a Memorandum of Cooperation (MoC) with the aim of developing a closer relationship, which better serves and promotes the interests of the organizatio......【More】
2016-03-03NEW YORK (Bloomberg) -- Oil climbed from the highest close in more than seven weeks as investors overlooked deteriorating Chinese manufacturing amid the first monthly decline in OPEC production since November. Futures advanced as much as 1.......【More】
2016-03-02NEW YORK (Bloomberg) -- Crude advanced as Saudi Arabia said it would work with other producers to curb market fluctuations and as Chinas central bank stepped up efforts to support the economy. WTI futures rose as much as 2.3%, trimming a fo......【More】
2016-03-01HOUSTON (Bloomberg) -- Explorers parked more drilling rigs in U.S. oilfields as the rest of the world looks to shale producers to arrest the worst crude downturn in 30 years with more cutbacks. Rigs targeting oil in the U.S. fell by another......【More】
2016-02-29HOUSTON (Bloomberg) -- Halliburton Co. said its cutting another 5,000 workers, or 8% of its global workforce, to cope with the worst crude market downturn in 30 years. The worlds second-largest oilfield services provider said last month it......【More】
2016-02-26