by robertbensh | Jan 7, 2020 | blog, Oil and gas, Robert Bensh
New international oil shipping regulations and rising demand for crude in Europe and the Mediterranean drove oil freight rates up to record levels in late 2019, according to Reuters. US Gulf Coast Aframax crude tankers, which are medium-sized delivery ships, have been...
by robertbensh | Jan 5, 2020 | blog, Oil and gas, Robert Bensh
Despite rapid growth of oil production in the United States the past decade, an unexpected rise in mergers and bankruptcies are in the energy sector’s forecast. New drillers that entered the hydraulic fracturing (aka fracking) market in the 2010s are now facing...
by robertbensh | Dec 21, 2019 | blog, Oil and gas, Robert Bensh
The IEA, or International Energy Agency, is predicting that the United States of America will become a sustained net exporter of oil in 2020. This forecast by the IEA is based on information that was recently published in December of 2019. It is worthwhile to note...
by robertbensh | Dec 12, 2019 | blog, Oil and gas, Robert Bensh
2019 was an exciting and consequential year for the oil and gas industry. Major stories included records in domestic production, increased exports, financial developments, and a reduction of oil rigs by privately held energy companies. A major financial story of 2019...
by robertbensh | Dec 11, 2019 | blog, Oil and gas, Robert Bensh
Renewable energy is a popular topic these days. Solar power and wind power get favorable press and are frequently touted as the undisputed future of energy. Natural gas, however, is making a big entrance onto the world stage. The United States is leading the charge as...
by robertbensh | Nov 30, 2019 | blog, Oil and gas, Robert Bensh
The Gulf of Mexico is the second most prospective region in the world for offshore oil drilling. The region is set to break another record for the amount of oil that it will produce in 2020; production in the region has been steadily rising every year since 2013,...
