The US Energy Information Administration has sharply cut its crude oil price forecasts through 2016 in its latest Short-Term Energy Outlook for January, which is the first to include a forecast for 2017. The cut is because of the continuing threat of a prolonged oversupply of crude as well as global inventory builds. Source: […]

In his farewell state-of-the-union speech Jan. 12, US President Barack Obama used the word “oil” four times-two of them ominously for the petroleum industry. Source: News

During the final day of a year in which depressed crude oil prices and depressed moods gave US industry professionals plenty of reasons to drown their sorrows, a freshly loaded tanker sloshing around the Port of Corpus Christi, Tex., represented something of a glimmer of hope. Source: News

Fox Business snubbed wealthy climate activist Tom Steyer in its selection of questions for the Republican presidential debate Jan. 14. Source: News

A week after beginning the year with its largest decline in months, the US drilling rig count dropped 14 units to 650 during the week ended Jan. 15, according to data from Baker Hughes Inc. Source: News

Despite low oil prices, the director general of the Norwegian Petroleum Directorate is urging companies to keep a long-term perspective. Source: News