Even though some economic indicators in the oil and natural gas industry were flat this week, the chief executives of many companies are pessimistic about the…
Since the coronavirus pandemic disrupted worldwide economic activity this year, global energy markets have been in a “delicate re-balancing” situation. Two reports issued this week indicate…
Crude oil and natural gas prices stabilized in August, but the future looks uncertain, according to a recent report from the Energy Information Administration (EIA). EIA…
A recent report by the International Energy Agency (IEA) entitled “Gas 2020: Analyzing the Impact of the COVID-19 Pandemic on Global Natural Gas Markets” was published…
The Crude Life engages with industry experts and energy enthusiasts every day with interviews, radio programs, social media posts, print features, video content and podcasts. These…
“I am not banning fracking,” Democratic Presidential candidate Joe Biden said in Pittsburg on Aug. 31. “Let me say that again: I am not banning fracking…
Just when the petroleum industry thought things were really bad (oversupply of crude oil and natural gas, bad global economy, a worldwide pandemic, and record price…
The debate over energy policy has changed. A short time ago the debate’s primary element was reducing America’s dependence on foreign oil. Democrats, who concluded their…
The global COVID-19 pandemic has created an incredible economic decline in Texas, the U.S. and throughout the world. However, two new reports this week indicated the…
Financial analysts within the petroleum industry suspected that the news was going to be bad, but the severity of the downturn has been overwhelming. The financial…
Demand for energy dropped to historic lows across the United States in April, according to a new report from the Energy Information Administration. The COVID-19 pandemic…
Crude oil prices are making a comeback, but natural gas has the summer blues. Crude oil prices on the New York Mercantile Exchange closed Wednesday at…
Presidential candidate Joe Biden released his very ambitious, and expensive, energy plan this week. The cost is an estimated $2 trillion, and the 23-page plan does…
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The recent tough times in the oil patch began in 2015 when rising oil and natural gas production, primarily in the United States, began to outstrip…
Most oil company leaders, who traditionally are very optimistic, have a pessimistic opinion about the future, according to a recent survey by the Dallas office of…
As the first half of 2020 comes to a close, the oil and gas industry has been on a historic rollercoaster ride with peaks and valleys…
Just about everybody knows that crude oil produced in the U.S. from extremely tight formations, called shale, is just about the most expensive worldwide today because…
Small Business Suffering Signs According to energy author and expert Art Berman, small business is in for a rough second half of 2020. And he’s not alone either.…
Consumption of oil and natural gas in the U.S. will increase during the remainder of this year, according to a new study by the Energy Information…
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 growing…
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 forced…
Crude oil prices have firmed up from its crash one month ago, but the industry’s reduction in capital expenditures and decline in future drilling will negatively…
Gov. Doug Burgum and U.S. Senator John Hoeven met with President Donald Trump at the White House, highlighting the benefits of state-federal partnerships to North Dakota’s COVID-19 response and recovery efforts…
Next week will be critical for the oil industry as the June contracts expire on Thursday, May 19, for West Texas Intermediate traded on the New…
Just a few years ago the head of ExxonMobil had to appear before a Congressional committee to explain their billions of dollars in profits that some…
Gasoline prices from coast-to-coast have declined more than $1 per gallon this year as a result of a massive oversupply of petroleum products. AAA reported the…
Senator John Hoeven (R-ND), a member of the Senate Energy and Natural Resources Committee, made the case to U.S. Treasury Secretary Steven Mnuchin, U.S Energy Secretary…
Lynn Helms, Director, Department of Mineral Resources, recalls what life was like during the last bust when rig counts reached zero in the Bakken. Helms was…
“Classic supply and demand imbalance.” “Perfect storm.” “Insane.” That’s how government and oil industry officials described the historic collapse of crude oil prices this week. On…
The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. This week Spiess recaps a week of interviews…
“Oil ain’t pork bellies.” That was a comment made during the debate in the early 1980s regarding the decline in crude oil prices and the implementation…
Even though crude oil prices rebounded about 15 percent this week, oil inventories continued to rise as energy demand and economic conditions declined. Spot crude oil…
The economic chaos facing the oil and natural gas industry in the United States is real and it is coming fast like a runaway locomotive blasting…
Sometimes it is difficult to understand the actions of world leaders. A perfect example is the recent decision by Russia to not agree with a proposal…
William Prentice, CEO, Meridian Energy Group gives an update on the Davis Refinery and Walton Refinery. Prentice discusses the next step in financing and construction. Prentice…
