News

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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CNC Machining Versus Manual Machining

Wednesday, December 30, 2015

CNC Machining Versus Manual Machining

Machining helps make everything from prototypes to brand new parts. When it comes to how it’s done, however, there are some differences in opinion. While most people think that CNC machining is better, others say that manual machining is still supreme. So who’s right? There is no definite...

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Another Month of Ups and Downs for Oil

Wednesday, December 16, 2015

Another Month of Ups and Downs for Oil

As we all know when it comes to the oil market, things change quite frequently. One week filling up your gas tank can cost $4 per gallon, while it can be less than $2 for a gallon...

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