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Quote of the Week “”The industry is under so much pressure that you need to have a clear plan. You need to balance capital expenditure against production. Our capex in 2015 will be around 30 percent lower than in 2014.” BG Group CEO Helge Lund [Q: how...

NOTE: With the demise of The Oil Drum I’ve decided to put a current event feed here under the name, “Monday Mayhem” which will run once or twice a week … not just on Monday. If there is interest and after the burial of TOD, the...

US refiners have been blessed with growing domestic and Canadian crude supplies and low operating costs over 2012-13. Replumbing of the distribution system to get these supplies to market is nearing completion–aided by expedient use of rail and...

Here's a typical RCE daily mail. Quote: The Daily Bulletin - July 31, 2014 By Editors TODAY’S TAKEAWAY: SANCTIONS - THE STANDOFF IS ON Will the sanctions on Russian energy make a difference, even bringing Vladimir Putin to his knees as some have...

Concerns about global crude oil supplies running dry are receding, according to the US International Energy Administration. Massive new shale oil discoveries in the US have led to a “dramatic” change in global prospects. Antoine Halff, IEA...