Oil Prices Surging to $200 Is Possible, According to Experts
Is it possible for the energy crunch to worsen that the prices of oil could hit $200 per barrel? Experts – including top oil traders think so. Owing to a lack...
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Memorial Day Weekend Gasoline Prices Hit New Record
As millions of people in the U.S. hit the road for the Memorial Day weekend – also seen as the official start of summer - gasoline prices hit an all-time high. The demand...
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EIA’s Summer Fuels Outlook Predicts Gas and Diesel Prices to Be the Highest Since 2014
In its Summer Fuels Outlook, The U.S. Energy Information Administration predicts that real diesel and gasoline prices will be at their highest levels since 2014, to average at $3.84 per gallon...
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Worldwide Supply Shortages Result in Rising Oil Prices
Once more, oil prices are rising, driving up inflation and casting a shadow over the global economy. This renewed anxieties over worldwide supply shortages. The U.S. Energy Information Administration revises its oil price...
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The Demand for Oil & Gas Will Continue to Rise
Compared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
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International Events Could Keep Oil Prices Remain Above $100 For Months
The US Energy Information Administration (EIA) forecasted that the price of oil will remain higher than $100 per barrel in the coming months. These announcements could impact energy markets, particularly the increase in oil...
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How is Oil Measured?
Once oil is extracted by the ground, oil and gas exploration and production firms need to accurately measure how much they have extracted. The process of oil and gas measurement involves quantifying...
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Refining Crude Oil
Crude oil is one of the most essential energy commodities worldwide. Once oil is extracted, it has to be transported and refined into products for it to have value. Refining crude...
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Oil and Gas Valuation Methods
The energy industry is composed of oil and gas, nuclear, utilities, coal, as well as alternate energy firms. However, for many, it’s the oil and gas exploration, drilling, and refining...
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The Oil and Gas Industry: Determining the Financial Performance of a Drilling Company
Qualified investors looking to diversify their portfolio can discover many opportunities within the oil and gas industry – specifically, through the oil and gas drilling sector. However, it would be...
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