Economics Markets

Study: Upstream project delivery improving

Execution of upstream oil and gas projects is improving, says a new study by Wood Mackenzie. Midsize to large projects in growing numbers have been delivered on target during the past 12 months.

What OPEC counterweight?

With sound governance and a little cooperation, Canada, the US, Mexico, Colombia, Brazil, and Argentina once might have envisioned formation of a Western Hemisphere counterweight to the Organization of Petroleum Exporting Countries. So much for…

Deciphering Cushing’s draw

According to the US Energy Information Administration’s weekly data, crude inventories at Cushing, Okla., were 22.4 million bbl as of July 27. Cushing crude inventories have fallen continually since they peaked at 69 million bbl…

IEA: Oil demand growth cooling, but might not last

Brent crude oil prices on London’s International Commodity Exchange fell in July on higher global output, while West Texas Intermediate crude prices on the New York Mercantile Exchange rose on strong US refining and exports….