West Texas Intermediate Reaches $75
Crude oil prices in the U.S. continued to show strength this week while demand for petroleum products remains strong and crude oil inventories continue to...
Alex Mills
Oil Inventories Drop Sending Prices Higher for Fifth Straight Week
by Alex Mills
Crude oil and natural gas prices continue to show strength for the fifth consecutive week as the global economy rebounds. Crude oil prices on the...
U.S. Oil Producers Face New Challenges
by Alex Mills
Change is nothing new for the oil and gas industry. Every time there has been a major change in price since 1973, the industry has...
EIA: Energy Consumption Rises as Recovery Continues
by Alex Mills
The price of crude oil continued to rise this week surpassing $70 as the economies of the world break out of a recession created by...
Crude Oil Prices Show Strength as Economy Recovers
by Alex Mills
The price of crude oil has made back all that it lost during the Covid-19 pandemic of 2020 as demand for petroleum products has returned....
Gasoline Prices Rise as Demand Increases
by Alex Mills
Demand for petroleum products continues to expand into the Memorial Day holiday sending gasoline prices over the $3-per-gallon mark for the first time in seven...
IEA Says ‘No New Oil and Natural Gas Fields are Needed’
by Alex Mills
The oil and natural gas industry in Texas and globally has for several years battled volatile prices, a coronavirus pandemic, declining demand, an oversupply of...
Cyberattack on Pipeline Creates Gasoline Shortage
by Alex Mills
On Friday, Colonial Pipeline, which transports refined petroleum products (gasoline, jet fuel, etc.) from Texas to New Jersey, halted operations because of a cyberattack on...
Carbon Capture Technology Could Play Key Role in Meeting Climate Goals
by Alex Mills
As President Biden tries to move his massive energy/environment agenda forward, he must come up with programs appealing to Democrats and Republicans, which may prove...
Texas Petroleum Industry Reverses 23 Months of Decline
by Alex Mills
Data from a variety of sources indicate the cycle of contraction in the oil and gas industry has reversed and demand for petroleum products is...