IRAN-BACKED Yemeni rebels aligned have launched an attack on two oil tankers passing through the strategically important Red Sea shipping lane of Bab al-Mandeb – prompting Saudi Arabia to announce that w […]
The biggest weekly drop in U.S. crude supplies couldn’t halt the drop in oil prices Wednesday as traders chose to focus on expectations for higher global output.
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U.S. households are feeling the pinch and are expected to have around 0 less disposable income as higher gasoline prices are offsetting part of the tax cuts from earlier this year
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Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S. crude to levels not seen since late 2014.
Crude prices surged by more than 3 percent on Tuesday after the U.S. State Department said it will require companies to cut all oil imports from Iran to zero by November.
The announcement exacerbates concerns […]
The swings in recent days are a bit surprising, as all of the factors that are being used as the “reason” for the swings are all known data points. We knew that Iran imports were going to zero, and we all had a really good idea that OPEC, Russia and others would increase output to pick up the slack left by Venezuela… Can someone explain to me why the traders react to heavily on this news?
Oilconvo News wrote a new post, Oil and gas industry is coming for Colorado’s sand dunes 1 year ago
Alana Miller writes that the Great Sand Dunes, a national treasure, may be compromised if the Trump administration goes forth with a plan to allow oil and gas drilling nearby.
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Oilconvo News wrote a new post, E&P Salary Report Matches Growing Stability In Industry 1 year ago
The oil and gas industry is making a strong recovery from the downturn and an indication of the bounce back is the uptick in salaries, according to CSI Recruiting’s 2018 E&P Salary Report.
The salaries, p […]
June has been a crazy month for market-moving global events, and the tail end of this week is shaping up the same way, if OPEC succeeds in shaking up the status quo.
The next 24 to 48 hours could turn […]
A new study shows that Canada’s energy sector workforce became larger and more diverse from 2006 to 2016, but remains predominantly the domain of older, white men.
PetroLMI says the number of people […]
Oilconvo News wrote a new post, Energy camp fuels interest in oil and gas industry 1 year ago
For the fourth year high schoolers from the area have gained knowledge on the inner workings of the oil and gas industry at the Shell Energy Venture Production Camp hosted by Fletcher Technical Community […]