When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But his next jobs brought one mishap after another. He was hospitalized for almost a week following a shift at a chemical manufacturing faci...
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The Texas Railroad Comission has updated their Oil & Gas Production Data Query to include the production numbers for October. The Texas data is always incomplete so the charts all look like there is a big decline in the last few months. This is not the case, the charts only reflect the d...
- One-third of the U.S. trade deficit over the past 30 years, over $1.16 trillion, has gone to oil-producing countries. The DOE estimates that each $1B in trade deficits cost 27 thousand U.S. jobs. That calculates out to 31.3 million jobs! - 19 of the 20 hottest summers on recor...
The application of a sequence stratigraphic approach to the study of the Middle and Upper Jurassic of the Moray Firth has enabled the stratigraphy of disparate onshore and offshore successions to be linked and clarified. The results allow for the construction of region...
With coach Wooden’s advice in mind, let’s think positive. Let’s review the upside of the resource news flow. Hey, oil prices are stable. The Brent crude oil price is hovering in the low $100 range, while North American oil prices — embodied in the price for West Texas Intermediate...
The literature has largely investigated oil price reactions in the aftermath of these events. For instance, ref. [1] examined the volatility of the Brent, Dubai, and West Texas Intermediate (WTI) crude oil returns by means of the logistic smooth transition autoregressive-generalised autoregressive ...
Table 1 provides the descriptive statistics of West Texas Intermediate (WTI) crude oil price, U.S. crude oil terminal inventory, and SP 500 stock market index, as well as the descriptive statistics of variables in different sample intervals. It can be seen that the average price of crude oil...
Brent, next to West Texas Intermediate (WTI), is one of the lightest crude oils. With a low content of sulfur, it is ranged among the so-called sweet crude oils. Most of the Brent crude oil is refined into gasoline and middle distillates in Northwest Europe. Benchmark oil prices Other...
oil industry was one of the first to recover. This was in no small part due to extensive cooperation with foreign firms. In fact, by 2014 up to 80% of the needs of Russian oil industry were covered by imports (Molodtsov, 2018), thus, international cooperation appeared as a go-to solut...