Smart Technology Transforming Oil & Gas Industry

“A new cadre of services companies, trying to sell the energy industry on the promise of a more efficient digital age, is fighting to get smart technology onto pipes, tanks, platforms and drills, in some cases deeply discounting prices to gain market share,” the Houston Chronicle reports .

C...

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U.S. Refineries Running at Peak Levels

Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 million barrels per day (b/d) for the week ending May 26, before dropping slightly to 17.5 million b/d for the week ending June 2 and 17.6 million b/d for the week ending June 9. According to th...

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Economic Indicators Index Rises for Fifth Straight Month

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.3% in May to 127.0, following a 0.2% increase in April, and a 0.4% increase in March.

“The U.S. LEI continued on its upward trend in May, suggesting the economy is likely to remain on, or perhaps even moderately above, its...

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U.S. Manufacturing Technology Orders Continue Strong Recovery

Manufacturing technology orders made year-over-year gains in April according to the latest U.S. Manufacturing Technology Orders report from The Association For Manufacturing Technology (AMT). It was also the first month that orders showed gains year to date for 2017.

Monthly orders were up 12.3% compar...

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