In: News

U.S. Oil Rig Count Increases For 6th Time In 7 Weeks
July 18, 2016

The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to…

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Citibank: We’re nearing a bull market for oil
July 16, 2016

Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the…

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IEA releases Oil Market Report for July
July 15, 2016

Record pumping rates in the Middle East and recovering flows in Nigeria consolidate OPEC market share Global oil supplies rose by…

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BHI: US oil rig count records another double-digit increase
July 11, 2016

Again boosted by oil-directed units, the tally of active US drilling rigs gained 9 units to 440 during the week ended…

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TAEP: Upstream job losses in Texas eclipse 100,000 despite rising oil prices
July 6, 2016

HOUSTON, June 27 06/27/2016 ByOGJ editors An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t…

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Raymond James: Get Ready for $80 Oil
June 29, 2016

“When oil drilling activity collapses, oil supply goes down too!” Rebounding after a two-year collapse, it’s only this month that oil’s…

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Oil jumps on large US crude drawdown, fading Brexit fears
June 29, 2016

Oil prices jumped more than 2 percent on Wednesday after the U.S. government reported a larger-than-expected weekly drawdown in crude inventories,…

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World Economic Order Shaken- Oil Prices Dive After UK Votes To Leave EU
June 24, 2016

The world economic order has been shaken. Oil prices are plummeting Friday morning after the UK on Thursday voted to leave…

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U.S. Oil Production Fell 150,000 Barrels Per Day in May
June 22, 2016

Posted in The Petroleum Truth Report on June 8, 2016 U.S. crude oil production fell 150,000 barrels per day in May and the…

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Oil at $85 by the end of the year: Rothman
June 20, 2016

While market watchers exclaim there’s a crude glut, that excess oil is nowhere to be found, according to Cornerstone Analytics’ founder….

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