From time to time new oil resources come online — like Canadian oil sands or US crude oil from oil shale — these add to the global supply. New sources can exert a downward force on oil prices, even in ...
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees ...
Kazakhstan to start producing shale oil The first production of shale oil in Kazakhstan is expected this year, Kazakh Prime Minister Olzhas Bektenov announced at a government meeting, La Tribune ...
Oil marketing companies have revised the prices of commercial LPG gas cylinders, reducing the cost of a 19 kg cylinder in Delhi by Rs 7 to Rs 1,797. This marks the second consecutive month of price ...
The oil industry is driven by booms and busts. Prices rise during periods of global economic strength during which demand outpaces supply. Prices fall when the reverse is true. Meanwhile ...
A moisture equilibration test has been designed to study the pore structure and adsorption capacity of organic-rich shale with different moisture contents. Five humidity environments were artificially ...