Category: Oil News

U.S. to Overtake Russia as Top Oil Producer by 2019 at Latest: IEA

TOKYO (Reuters) – The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest,

NEW YORK/LONDON/SINGAPORE (Reuters) – In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity

Canadian oil and gas drillers are moving their rigs to the United States in response to greater demand for their

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the

WTI prices haven’t settled at $80 since Halloween 2014 Tightening global supplies and rising demand for crude oil helped prices

“We’re excited to be working with such a strong energy lender as Washington Federal that endorses our plans to grow

ALBUQUERQUE — Thanks to more barrels of oil being pumped monthly from the Permian Basin, New

Weatherford has sold its US pressure pumping and pump-down perforating assets to Schlumberger for $430 million in cash, abruptly ending

Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs