Oil Companies Reining in Costs of Major Projects

Wood Mackenzie is forecasting lower costs, lower breakevens, higher prices and improved corporate finances all contributing to an upgrade in energy industry sentiment and more projects getting sanctioned in 2017.

However, the projects that did get the greenlight are notably smaller. The average capit...

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U.S. Likely Headed to Record Crude Production

Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 million b/d, the highest monthly level of crude oil produc...

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Factory Goods Orders Rose 1.2% in February

New orders for manufactured goods in February, up six of the last seven months, increased $6.0 billion or 1.2% to $498.0 billion, the U.S. Commerce Department reports . This followed a 1.3% January decrease. Shipments, up fourteen of the last fifteen months, increased $1.0 billion or 0.2% to $500.5 bi...

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Mid-America Economy Ends First Quarter Strong

The March Creighton University Mid-America Business Conditions Index, an economic indicator for the nine-state region stretching from Arkansas to North Dakota, jumped to a very strong reading pointing to healthy growth for the next three to six months.

The Business Conditions Index, which ranges betwee...

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