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March 9, 2015

US Continues Surplus Production

March 9, 2015 // 0 Comments

The story continues. Most new crude production in the US is not utilized and ends up in storage. The new EIA data show almost 1.5 MMB/D of crude went into storage last week [...]

Encana Plans To Raise $1bn In Stock Offering

March 9, 2015 // 0 Comments

Canada-based E&P Encana announced Wednesday it plans to raise C$1.25 billion ($1 billion) in a share sale as it seeks to address the drop in oil prices. The company will [...]