Offshore Oil & Gas Poised For A Major Rebound

Offshore Oil & Gas Poised For A Major Rebound

In a year marked by huge spending cuts across the oil and gas industry amid urgently revised budgets and slashed investments, some analysts are now expecting a light at the end of this tunnel, at least offshore. From next year, Rystad Energy expects offshore oil and gas investments to rebound, but there will be a […]

The Next Couple Of Months Are Crucial For U.S. Oil

The Next Couple Of Months Are Crucial For U.S. Oil

The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.  Oil demand in the United States and elsewhere is still trailing below last year’s levels, while a growing number of indebted shale producers struggle to refinance debts at these low oil prices and file for bankruptcy […]

Key Indicator Shows Signs Of Oil Market Recovery

Key Indicator Shows Signs Of Oil Market Recovery

The North American Frac Spread Count has increased to triple digits this week, according to big data company Primary Vision.  The Frac Spread Count, which calculates the fracking completion crews currently finishing off wells, increased this week to 101, up by 12 from last week, the data released on Wednesday shows.  This is likely attributed, according […]

Oil prices accelerated growth due to hurricane threat in the USA

Oil prices accelerated growth due to hurricane threat in the USA

The rise in oil prices accelerated on the news that Hurricane Delta is approaching the United States. Hurricane Delta reached Category II on Tuesday and could hit the US Gulf Coast on Thursday night or Friday, according to the National Hurricane Watch Center. Earlier, S&P Global Platts reported that oil companies began to evacuate personnel […]

Oil prices rise on signs an industrial recovery is underway

Oil prices rise on signs an industrial recovery is underway

Oil rose after economic data from China to the U.S. sparked optimism that an industrial recovery is underway, offsetting a bleak assessment of demand by another top energy organization. Futures gained as much as 2% in New York, alongside a rally in U.S. and European equities. Chinese retail sales rose for the first time this […]

Mexico Introduces Permits on Steel Exports As Trump Cracks Down

Mexico Introduces Permits on Steel Exports As Trump Cracks Down

Mexico is setting up a pre-approval process on some steel exports to the U.S. in a bid to prevent its products from being targeted, even as President Donald Trump seeks to protect the U.S. steel industry with new quotas for Brazil. The permits that take effect Sept. 4 would establish that Mexican steel exports haven’t […]