Price Decline

Low Oil Prices Create Opportunity For Forward-Thinking Upstream Companies

By Derek Lowe

The Deepwater Gunashli platform, offshore Azerbaijan

The oil industry has seen many booms and busts in its history, and it’s common in times of low oil prices for companies to face significant pressure to cut spending.  This can lead to production slowdowns, decommissioned rigs, layoffs and other cuts with similar far-reaching consequences. It can even lead to unsafe working conditions if… Keep reading →

 /  Published May 22, 2015 at 1:15 PM

New Oil Economics Drive Export And Tax Debate

By Enerknol Research

Largest Crude-By-Rail Unloading Terminal In The U.S.

The more the 50 percent crude oil price decline since July 2014 has impacted oil and gas industries throughout the supply chain and reignited energy policy debates at federal and state levels. Light, sweet oil has accounted for the majority of the domestic production increase over the last eight years, but since U.S. refiners are… Keep reading →

 /  Published April 13, 2015 at 10:00 AM