How the Texas Power Crisis Has Affected Oil & Gas

How the Texas Power Crisis Has Affected Oil & Gas

Statistics from relevant authorities show that millions of Texas homes and businesses have been living without power for about a week. Winter storms and low temperatures have disrupted the local power system and refineries. The problem is also affecting other areas....
An Expected Change in Oil and Gas in 2021

An Expected Change in Oil and Gas in 2021

The 2020 pandemic had a damaging effect on many businesses. The oil and gas industry was particularly negatively impacted. Energy consumption dramatically decreased, prices dropped, and producers were left with product oversupply. As the world moves past the pandemic,...
All About Oil

All About Oil

      For most of the world, oil is a necessary part of life. The United States imports much of its oil and the majority of it is converted into other products for people to use, such as gas or heating oil. On average, the U.S. consumes about 19.4...
Kenya is Set to Become a Big Producer in Oil

Kenya is Set to Become a Big Producer in Oil

  When we think about the countries that produce oil, Kenya is not typically the country that comes to mind. But after a recent discovery of oil in the Turkana region, Kenya is joining the ranks. Kenya’s government has approved of a plan to extract up to 4,000...
Oversupply of Oil Continues to Hobble Oil Prices

Oversupply of Oil Continues to Hobble Oil Prices

Just this week, oil futures fell again after the United States Energy Information Administrations reported an unexpected build in weekly crude inventory. There was a “surprise” build of 1.671 million barrels, to a total of 521.1 million barrels in a time when...