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March 7, 2016

Anadarko Cuts US Onshore Rig Count By 80%

March 7, 2016 // 0 Comments

Anadarko on Tuesday announced it is lowering its 2016 US onshore rig count by 80% and cutting 2016 Capex by 50% from last year. It is now $2.6 billion to $2.8 billion. The [...]

What Really Controls Oil Prices?

March 7, 2016 // 0 Comments

World oil prices are controlled by the amount of crude oil stored at Cushing, Oklahoma. That’s because Cushing is the pricing point for WTI (West Texas Intermediate) oil [...]