EIA: US oil production growth could slow in second half

Drilling activity in the US, as measured by the Baker Hughes active oil rig count, increased by 10 rigs in July—the fewest monthly oil rig additions since the rig count began increasing in June 2016. Some US exploration and production companies recently announced less investment spending for the rest of the year, suggesting the current […]


IOC approves capacity expansion of Gujarat refinery

Indian Oil Corp. Ltd. (IOC) is moving forward with the first phase of a long-planned project to expand crude oil processing capacity of its 13.7 million-tonne/year Koyali refinery at Vadodara in India’s western state of Gujarat. Source: News