Oil Prices Hit High, Before Sliding, Amid Disrupted Supply Interruptions across the world and OPEC’s productions cuts buoy a beleaguered oil industry The Bashneft PAO oilfield, Russia. Oil-supply cuts and disruptions have coincided with healthy oil demand this year as the global economy enjoys a rare spurt of synchronized growth. PHOTO: ANDREY RUDAKOV/BLOOMBERG NEWS By : Georgi … Read more
Drilling Rigs There are many types of Drilling Rigs in the world today. Lets start by narrowing them down into at least two categories. We have offshore rigs and land rigs or onshore rigs. The picture above is an example of a land rig. This example is actually a National 2000 HP drilling rig that … Read more
Strong crude demand and signs of ebbing U.S. production led oil back into a bull market Demand was a bright spot, following worries that damage from major hurricanes in the southern U.S. would crimp consumption. Above, a refinery in Ohio. PHOTO: LUKE SHARRETT/BLOOMBERG NEWS By Alison Sider and Amrith Ramkumar Oct. 1, 2017 7:00 a.m. ET 15 COMMENTS Oil investors … Read more