Thursday, January 30, 2025

Producers Brace for 21% Higher Oil Field Costs in 2018: Barclays

That’s on top of 35% rise in 2017; 51% of surveyed oil and gas companies thought rising oil field costs would erase at least 75% of their hard-won efficiency gains achieved during downturn From the Houston Chronicle Oil producers are convinced they’ll have to pay more to drill wells and pump oil next year as crude prices surge toward the

WTI Touches $60 Tuesday, Falls Off 2-Year High Wednesday

From Reuters/St. Louis Post Dispatch NEW YORK • Oil prices surged to 2½-year highs and U.S. crude touched $60 a barrel in light trading volume on Tuesday, boosted by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply cuts. Armed assailants blew up a pipeline pumping crude oil to the port of Es Sider on Tuesday,