Oil Rigs

A pumpjack drills for oil in the Monterey Shale

Early Market Review: Oil prices fell as on Monday reversed increases last Friday

19/03/2018(0)
Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply. U.S. West Texas Intermediate (WTI) crude ... Read More
Oil Prices, A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

Oil recovers lost ground, but market remains under pressure

24/04/2017(0)
Oil prices recovered ground on Monday following last week’s big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although ... Read More
Oil-prices-petrol-pump

These factors will affect the oil price in the future

03/04/2017(0)
When oil price bottomed around $27 per barrel last year in February, many predicted a major reversal and the dark days for producers to be over. Yet, more than ... Read More
shale drillers

Shale Drillers Add Oil Rigs for Longest Streak in a Year

08/08/2016(0)
Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs U.S. oil producers bring back rigs for sixth consecutive week U.S. oil drillers added rigs for the ... Read More
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