The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 9.517 million barrels for the week ending September 11. Analysts had predicted an inventory draw of 1.271-million barrels. In the previous week, the API reported a build in crude oil inventories of 2.970 million barrels, after analysts had predicted a […]
Analysts at Fitch Solutions Country Risk & Industry Research have outlined in a new report that they do not expect 5G to have a significant role in oil and gas operations in the next five years, as low oil prices have reduced the capital expenditure outlook. In the report, which was sent to Rigzone on […]
Oil producers in the western Gulf of Mexico are bracing for yet another storm this week as Tropical Storm Beta is moving toward west and northwest, threatening storm conditions along the south Texas coast later on Monday. As early as on Saturday, Royal Dutch Shell said it had evacuated all personnel from the Perdido platform […]
