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.

Maritime transportation is moving toward LNG, Brookings speakers say

Mar 5, 2015 Maritime industries’ use of LNG instead of diesel to fuel its vessels is changing from potential to reality, speakers agreed at a Mar. 3 discussion at the Brookings Foundation. New ship, barge, and...

US Arctic priorities shortchange Alaskans’ needs, Senate panel told

Mar 5, 2015 As the US prepares to chair the Arctic Council later this year, it recognizes that international decisions can directly affect Alaska and its residents and plans to closely engage with them, Adm. R...

EIA: US petroleum product exports rise for 13th consecutive year

Mar 5, 2015 US exports of petroleum products averaged a record 3.8 million b/d) in 2014—an increase of 347,000 b/d from 2013—based on data from the US Energy Information Administration’s Petroleum Supply Month...

MARKET WATCH: NYMEX prices rise on easing oil storage concerns

Mar 5, 2015 Oil prices rose on the New York market Mar. 4 after a weekly US government oil and product report showed inventories at the Cushing hub in Oklahoma increased less than expected by some analysts for...

ExxonMobil spending down 12% to $34 billion

Mar 4, 2015

ExxonMobil Corp. plans $34 billion in capital spending during 2015, representing a 12% decrease from 2014.

MARKET WATCH: NYMEX, Brent crude prices settle higher on Saudi oil hike

Mar 4, 2015 Oil prices rose on the New York and London markets Mar. 3 after Saudi Arabia raised the official price for its oil by $1/bbl for US delivery and $1.40/bbl for delivery to Asia, suggesting firm dema...

EIA forecasts continued rise in US oil production from gulf

Mar 3, 2015 Crude oil production from the Gulf of Mexico will reach 1.52 million b/d in 2015 and 1.61 million b/d in 2016—or respectively 16% and 17% of total US crude production during each year—according to ...

Pennsylvania governor proposes natural gas severance tax

Mar 3, 2015

Pennsylvania Gov. Tom Wolf proposed a $29.9 billion budget on Mar. 3 that includes $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

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Oct 1, 2014
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Mar 16, 2011
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Market Connections

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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