News

New Oil Reserve Could Hold 2B Barrels of Oil

Tuesday, September 20, 2016

New Oil Reserve Could Hold 2B Barrels of Oil

There are plenty of stories about oil fields in the news, but most of them concern well-known fields. Houston-based Apache Corporation, however, recently announced its discovery of a significant oil and gas resource play in West Texas. ...

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US Production Poised to Grow

Wednesday, August 17, 2016

US Production Poised to Grow

Amid ongoing news of low and stagnant oil prices, it is easy to assume that U.S. oil production will also remain in a slump. A recent analysis by Forbes reaches a different conclusion, however. That report actually forecasts that U.S. production is poised to grow...

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Industry Analysts Predict Oil Markets to Remain Flat

Wednesday, August 10, 2016

Industry Analysts Predict Oil Markets to Remain Flat

Oil prices have kept investors and oil companies on edge over the past months. Prices, while still volatile, have at least been climbing recently. The worst may be over for now, but industry analysts are still predicting that oil markets will remain flat for quite...

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While Oil Has Slumped, Oil Technologies Have Boomed

Monday, June 27, 2016

While Oil Has Slumped, Oil Technologies Have Boomed

There is a saying that a crisis is too good a thing to waste. That’s been true these days of the oil industry, which has taken the downturn in oil prices as a way to push operational efficiencies and new technologies to improve how they...

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No Changes Planned at OPEC Meeting

Tuesday, June 14, 2016

No Changes Planned at OPEC Meeting

The 13 members of OPEC decided against making any policy changes during its most recent meeting earlier this month, dismissing calls from some members to institute a production cap in an effort to get oil prices to climb once again. Instead, OPEC members will continue to...

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Oil Markets Rallying, Recovering from 2016 Lows

Thursday, March 24, 2016

Oil Markets Rallying, Recovering from 2016 Lows

Oil prices hit highs for the year last week as the price of a barrel climbed above $40, helping rally what has been a slumping oil market. The climb in price comes as suppliers are hopeful that foreign oil products will strike an agreement next...

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Oil, Oil Everywhere, but Where to Store It?

Monday, February 15, 2016

Oil, Oil Everywhere, but Where to Store It?

The dramatic drop in oil prices continues to cause problems for the industry as a whole, with the latest cause for concern centered on storage. As Market Watch reports, the storage tanks in Cushing,...

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Could the Oil Industry Get Bailed Out?

Tuesday, January 19, 2016

Could the Oil Industry Get Bailed Out?

If you gone to fill up your gas tank recently, you’ve surely noticed that gas prices are continuing to drop. This decline is tied to the dropping cost of oil, which has, in turn, started to put...

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