Tuesday, October 06, 2015
In the latest sentiment crude will plummet by over 100% from its current figure to below $20 per barrel, investors continued to sell of their shares in the commodity. In another blow to the already crippled market, producers are being advised to...
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Friday, September 04, 2015
“If oil prices stay low longer enough, supply will go down naturally.” This, according to Arkady Dvorkovich, Deputy Prime Minister of the Russian Federation, is the theory driving Russia’s decision to not cut oil production. Russia intends to continue to flood the...
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Wednesday, August 26, 2015
As you may know, the oil industry is a global one. When we’re paying rock bottom prices at the pump, not only are oil drillers in the US impacted by the pinch, so too are drillers in...
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Wednesday, April 08, 2015
Thanks to hydro fracking, the Texas oil industry turned out unprecedented volumes since 2010. Billions of dollars have been made, thousands of jobs were created and small town economies from Maverick to Leon counties have prospered over...
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