Tag Archives: crude oil price per barrel

Norway to Step Up Oil Exploration to Counter Future Oil Dilemma

Statoil says Norway must strike huge oil finds every two years at the very least, amid rapid domestic oil decline foreseen in 2020.

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Australian Shale Explorers Prefer Oil to Gas

Australia’s shale explorers target oil instead of gas, citing low demand, cost issues, and plans to revitalize the oil industry as influential factors.

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Low Crude Oil Prices Favor Mid-to-Southwest Refiners

Oil refiners doing business in Southwest and Midwest of the US post significant gains from oversupply and cheap crude.

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Transocean Preps Up for Big Business in the GOM

Transocean preps up to cash in on potential demand for oil exploration rigs in the GOM as its BP oil spill legal woes are permanently cast aside.

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OPEC Wary of US Oil Output Estimates

OPEC says America’s oil projections for 2013 are very contingent on shale. Shale longevity issues could be a downside.

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Rock-bottom Prices of Canadian Crude Trigger Budget Cuts

Alberta stands to lose C$6 billion in revenues as the Canadian crude price plunges further. Surging U.S. oil output cited as main cause

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