- It’s a whole new oil world for the U.S.
After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared by millions of barrels a day. This surge has been a key factor driving oil prices down.
Recent industry news
One day, crude oil will lose its grip on cars and trains and ships, but with costs to produce alternative energy still high, a change that big will likely take many decades. How long is anyone’s guess, says one man with a head start on ... [11/24/2014 2:36:53 AM]
Prince Saud bin Naif, governor of the Eastern Province, will patronize the sixth Saudi International Exhibition for Oil and Gas, starting in Dhahran on Monday.
Dhahran International Exhibitions Company is organizing the event on Monday ... [11/24/2014 2:23:12 AM]
Demona Regallado happily filled the gas tank of her minivan at a Shell station Friday morning with $2.51-a-gallon regular unleaded. It was the lowest she remembered paying for gas in years.
Regallado couldn't say what, precisely, was ... [11/24/2014 1:35:55 AM]
ALGIERS, Oct 29 (Reuters) - Algeria is preparing a new auction of oil and gas blocks, an official said on Wednesday, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011. [10/30/2014 1:09:17 AM]
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