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.

MARKET WATCH: Crude prices surge again amid tensions in Yemen

Mar 27, 2015 Crude oil prices in New York and London jumped again on Mar. 26 after Saudi Arabia and its allies launched airstrikes in Yemen to neutralize Iranian-backed Shiite Houthi rebels. However, crude pric...

Schlumberger subsidiary pleads guilty to violating US sanctions

Mar 26, 2015 Schlumberger Oilfield Holdings Ltd. (SOHL) agreed to plead guilty and pay a fine of more than $232.7 million for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by wil...

Analysts: Oil industry dealing with downturn better than years’ past

Mar 26, 2015 Investment bankers and analysts entrenched in the oil and gas industry say US companies have so far staved off the major negative impacts of the current industry downturn better than previous downt...

Canadian oil industry jobs, revenues plunge

Mar 26, 2015

The Canadian oil industry will shed nearly 8,000 jobs this year as revenues fall by $43 billion (Can.) in response to the plunge in oil prices, predicts the Conference Board of Canada.

MARKET WATCH: Oil prices surge on Saudi airstrikes in Yemen

Mar 26, 2015 US light, sweet crude oil prices settled more than $1 higher on the New York market in Mar. 25 trading and then surged in early Mar. 26 trading on reports that Saudi Arabia and its allies launched ...

PIRA: US shale oil production to slightly decline during second quarter

Mar 25, 2015

US shale oil production will flatten and slightly decline during the second quarter, PIRA Energy Group of New York said in an Energy Market Recap.

Ending crude exports ban would help US security, Rice study finds

Mar 25, 2015 Lifting the 40-year-old US crude oil export ban would benefit pricing, energy security, and petroleum investment, according to a new study issued by the Center for Energy Studies at Rice University...

MARKET WATCH: Oil markets volatile pending inventory report

Mar 25, 2015 Oil markets remained volatile Mar. 24 while analysts anticipated a weekly government inventory report showing another climb in US oil and product supplies. US light, sweet crude prices edged up on ...

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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...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

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NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
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