Oil and Gas News
Natural Gas Oversupply Results in Exceptionally Low Prices
Natural gas, the nation’s largest source of electricity, has been in a growth mode during the last 40 years. “Demand for natural gas has been...
COVID-19 Pandemic Curtails the Investment Wave in Petrochemical Industry
With the impact of COVID-19 outbreak globally and the downturn in oil and gas market prices, companies are announcing project delays. The U.S. had the...
Jason Modglin Is the New President of the Texas Alliance of Energy Producers
AUSTIN, Texas – Boosting its advocacy powers during these historic times, the Texas Alliance of Energy Producers (the Alliance) has hired Jason Modglin as its...
Refiners Worldwide Hit Hard by Fuel Demand Destruction Caused by Lockdowns and Stringent Travel Restrictions
Stringent travel restrictions worldwide have wiped out the market for fuel transportation and long storage durations have led to the deterioration of products such as...
Martin Gilbert Announced Chair of The Oil & Gas Technology Center (OGTC)
The Oil & Gas Technology Centre (OGTC) has today {1 June, 2020} announced the appointment of Martin Gilbert as Chair of the Aberdeen-based research and...
Oil Prices Recover as Demand Rises
The decline in the demand for petroleum products worldwide has delivered a severe blow to the oil and gas industry in Texas as companies are...
Tale of Two Vessels: Hedging Freight to Control Costs
Find out why the combination of the Saudi/Russian oil price war and the global COVID-19 pandemic has demonstrated a greater need for hedging freight costs. ...
DOE Will Buy Additional Oil for Strategic Petroleum Reserve
WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today released a Request for Proposals (RFP) to purchase up to one million barrels of sweet crude...