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Oil Price

Stacked-OSVs-Amelia-La-KHocke — Stacked OSVs in Amelia, La. Ken Hocke photo.

Oil industry to cut $1 trillion in spending

WorkBoat Staff

Scalise-tour-Hess-TBells-GOM-ScaliseFacebook — Congressmen Steve Scalise and other lawmakers tour a Hess drilling platform in the Gulf of Mexico. Photo: Congressman Steve Scalise Facebook page.

Bucking Big Oil, Congress set to condemn carbon tax

WorkBoat Staff

Fort-McMurray-wildfire-oil-sands-2016-satellite-NASA-Earth-Observatory — The major force boosting oil prices recently was the shut-in of 1 million barrels of oil sands output due to the Fort McMurray wildfires. A NASA Earth Observatory satellite image shows the burn scar left by the wildfire on May 4, 2016.

Increasing rig count may cap rising oil prices

Guest Author

Alaskan_Frontier_Oi-Tanker_Port_Angeles_Washington_CC_Joseph-Novak — The VLCC tanker Alaskan Frontier. Creative Commons photo by Joseph Novak.

Oil glut may be shrinking, but tanker glut is just beginning

WorkBoat Staff