u.s. oil industry

As anticipated and expected, OPEC has voted to cut world oil production by more than 2 million barrels of crude a day. This is not good news for American drivers. Led by Saudi Arabia, the UAE, Kuwait, Kazakhstan, Algeria, Oman, Iraq, and Russia, OPEC’s move to cut oil production can be seen as a significant blow to the […]

As oil prices continue to plummet, the U.S. oil industry is facing significant pressure and has already seen the loss of tens of thousands of jobs in Texas alone.