Remove Crude Oil Remove Manufacturing Remove Petroleum
article thumbnail

The Tiber Prospect Well: BP Makes Giant Oil Discovery Deep in the Gulf

The Energy Law

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. Developing Thunder Horse required “countless” workers, and created increased business for shipyards, refiners, and manufacturers and retailers of industrial equipment.

Oil 40
article thumbnail

Oil prices keep falling even before the arrival of new US administration

Crude Oil Futures

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. If Iran's supply of crude oil is disrupted, by picking on both obvious and clandestine buyers, there will be a possibility of global crude stocks going down.

Oil 52