In Units of Action, Not Just Talk, Oil Is Still King
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It should come as no surprise that a new forecast of United States energy use through 2030 shows that energy consumption is expected to rise.
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The offshore driller continues to battle a difficult foe.
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The price of oil rebounds despite data showing that US crude oil stocks have risen.
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The price of oil looks set to grab headlines as analysts forecast that its record-breaking run may well continue.
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This oil thing is just temporary, Wall Street has been figuring, and figuring and figuring. The surge in prices is a temporary phenomenon that&#39;s lasted for two years now.
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VIENNA: Oilâs record price surge has thrust the Organisation of Petroleum Exporting Countries (Opec) into the political spotlight more than any time since the 1970s.
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Over the last year, Saudi Arabia has quietly endorsed a shift in strategy of pushing for oil prices higher than those of the last two decades.
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While the rest of the country frets over surging energy prices, a small but growing group of businesses is fueling a boom of sorts in the US oil patch.
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MAKE hay while the sun shines, they say. Or, in the oil majorsâ case, pump oil while the price rockets. BP yesterday, and no doubt Shell tomorrow, are doing just that, with profits going through the roof
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The world's giant oil companies, flush with cash, find themselves in a paradoxical position - they are making more money than they can comfortably spend.
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Profit margins should continue to expand at Oil-Dri.
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Saudi Arabia, Kuwait and the United Arab Emirates, which account for almost half of OPEC&#39;s oil output, said they&#39;re committed to boosting capacity to meet soaring demand that has driven prices to a record.
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High oil prices, which have been a factor in virtually all US recessions over the past three decades, are surging again this year.
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Although oil prices have remained at historically high levels for a while, market watchers and government officials said that complications might not be overwhelming due to an upgrading of the country&#39;s industrial structure.
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Seismic firms come in handy with the cyclical nature of the energy industry.
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OPEC producers can agree on one thing: High crude oil prices are not their fault. But on Tuesday there were indications that leading members of the oil cartel were looking
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Despite a huge run-up in oil prices this year, the resilient American economy has continued to grow at brisk pace, defying predictions of an oil-related slowdown.