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Russian oil industry ready to discuss oil output cuts

Russia’s oil industry argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can – as long as it has the political will. The days that oligarchs decided production levels ...

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Oil industry needs half a trillion dollars to endure price slump

Bloomberg reported that at a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it. The number of oil and ...

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Gas prices predicted to be below $2 a gallon by December

t’s estimated there are now more than 500 service stations across the country that sell gas for less than $2 dollars a gallon. Western Massachusetts Gas prices have been coming down after surging during the spring and summer. In hopes ...

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Oil industry experts testify on lifting oil export ban

Continental Resources CEO Harold Hamm responded to a question during a U.S. House Committee on Agriculture hearing Wednesday morning about how quickly the oil industry would pick up if the long-standing federal oil export ban were to be lifted tomorrow. ...

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