Tag Archives: United States of America

U.S. Shale Slowdown Weighs on Oilfield Services

The first signs of a slowdown in activity in the U.S. shale patch emerged earlier this year as declining oil prices prompted drillers to reduce the number of active rigs. Then data suggested that well yields were also dropping—a sign of potential natural depletion that would make drillers think twice …

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U.S. Crude Oil Inventories Drop amid Oil Price Slide

Crude oil inventories in the United States decreased this week by 2.408 million barrels, the American Petroleum Institute (API) data showed on Tuesday, after falling by 1.246 million barrels in the week prior. Analysts were expecting a smaller 1.467-million-barrel draw in U.S. crude-oil inventories. The total number of barrels of …

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India’s Rising Role in U.S. Commodity Trade

In a recent interview, Gideon Rachman, Chief Foreign Affairs Commentator at the Financial Times, explored the growing relationship between the U.S. and India. The article primarily targets a British audience, but still playfully mock the Brits’ obsession with the “special relationship” between the UK and US. Most people acknowledge that …

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U.S. Oil Drilling Slow down Continues

The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months. The total rig count fell to 682 this week—71 rigs below this time …

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Iraq Becomes 4th Largest Oil Supplier to U.S.

The Energy Information Administration (EIA) announced on Sunday that Iraqi oil exports to the United States have surpassed 250,000 barrels per day, establishing Iraq as America’s fourth-largest source of oil in the past week. In a report, the administration stated, “The average U.S. imports of crude oil from eight countries …

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