Oil & Gas

In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles.

U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting the government to cut crude output growth forecasts.

U.S. Crude Oil Inventories Fell by 3.9M Barrels Last Week: EIA

Move over, Saudi Arabia. America is about to steal the kingdom's energy exporting crown.

U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months as independent producers follow through on plans to cut spending even though oil majors plan to spend more.

U.S. Crude Oil Inventories Rose by 7.07M Barrels Last Week: EIA

U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.

U.S. Crude Oil Inventories Fell by 8.65M Barrels Last Week: EIA

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The API reported a small decrease in both gasoline and distillates inventories for the week ending Friday February 15th