Latest Oil News
Walker Lane Exploration will provide the latest stories as the media reports what is happening in the oil and gas industry as well as the progress of our company. Check back regularly to view our updates.
Oil expert Tom Kloza’s bearish days are behind him. Kloza, who’s known for calling the 2015 crude collapse, isn’t ruling out triple digit a barrel oil this year. “Anything that’s between $70 and $100 [a barrel] right now doesn’t represent hyperbole,” he said recently on CNBC’s “Futures Now.” The veteran oil market watcher added: “The bulls […]
After the much-awaited news regarding U.S. sanctions on Iran today, the American Petroleum Institute (API) reported a draw of 1.85 million barrels to the U.S. crude oil inventories for the week ending May 4, compared to analyst expectations that this week would see a smaller draw in crude oil inventories of 719,000 barrels. Last week, […]
Published in Oil Industry News on Wed. April 25th 2018 Over $142bn will be spent on 97 upcoming oil and gas fields between 2018 and 2025. Capital expenditure (capex) into North America’s conventional oil and gas projects will add up to $91bn and $2.9bn, respectively over the eight-year period, with $82.6bn of capex contributing from […]
By Olga Yagova and Libby George MOSCOW/LONDON (Reuters) – As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million […]