Economics & Oil Market News

Imbalances weakening oil prices remain in place at start of 2015

Jan 5, 2015

Crude oil prices plunged nearly 50% from June, 2014, to mid-December, driven by fundamental imbalances and market pessimism that remain ominously in place as 2015 begins.

Investors watch, wait as Mexico finalizes details of energy reform

Aug 13, 2014

For Mexico, constitutional reform was just the first step in the long process of opening up its energy industry to outside investment.

API: US petroleum demand up in December, oil production highest since 1972

Jan 23, 2015 Total US petroleum deliveries, a measure of demand, increased 5.1% last month from December 2013 to average nearly 20 million b/d, according to the American Petroleum Institute’s monthly statistics...

IMF: Most oil exporters facing deficits

Jan 23, 2015

Most oil exporting countries will run fiscal deficits this year if the crude price averages $57/bbl as currently indicated by markets, according to the International Monetary Fund.

MARKET WATCH: NYMEX oil price drops more than $1/bbl on bigger inventory

Jan 23, 2015 Oil prices dropped more than $1/bbl on the New York market Jan. 22 on a bigger-than-expected jump in US oil supplies, and traders on Jan. 23 said news of Saudi Arabia King Abdullah’s death brought ...

Pengrowth cuts capital spending due to declining oil prices

Jan 23, 2015 The recent “rapid” decline in world oil prices is the main reason given by Pengrowth Energy Corp., Calgary, for setting its 2015 capital budget at $200 million, 74% below its $770 million budget fo...

E&Y: Oil-price collapse to boost global M&A activity in 2015

Jan 22, 2015 The oil-price collapse will facilitate increased global transaction activity in 2015 as companies revise and implement new strategies, according to a quarterly report on the industry published by E...

Western Canada due output, spending cuts

Jan 22, 2015 The Canadian Association of Petroleum Producers has cut its expectations for oil-production growth and said it expects sharply lower capital spending by the oil industry in western Canada this year.

MARKET WATCH: NYMEX rises more than $1/bbl before inventory report

Jan 22, 2015 Oil prices rose by more than $1/bbl on the New York market Jan. 21 while traders awaited a weekly government report on US oil and product inventories as well as the European Central Bank meeting wh...

Treasury’s Lew lists oil, gas producers as prime tax-reform target

Jan 21, 2015 US Sec. of the Treasury Jack Lew signaled the Obama administration’s fresh intention to seek repeal of federal tax provisions US oil and gas producers consider essential to their businesses as part...

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Market Connections

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Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the duties of Director of Technical Services.  GPA is based in Tulsa, Oklahoma and has been the primary advocate for the midstream energy industry since 1921.  The position requires leadership of the technical and research activities of GPA and the midstream energy industry.  Knowledge of gas treating and processing together with good communication, writing and interpersonal skills is essential.  In addition, candidates must have analytical and technical aptitude for chemistry, math and physics.  A Bachelor of Science in chemical or mechanical engineering is preferred.

NOW HIRING: Director of Technical Services

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the du...
Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...

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Offshore Middle East Conference & Exhibition

January 26, 2015
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