Forty-one percent of executives said their operations have been impacted by theft in the oil field in the past year, the Federal Reserve Bank of Dallas said in a third quarter Dallas Fed Energy Survey page posted on its website recently.
Oil prices were little changed on Thursday as investors weighed a ceasefire deal in Gaza that could ease tensions in the Middle East against stalled peace talks in Ukraine that could sustain sanctions on Russia and curb its exports. Brent crude futures were down 12 cents to $66.13 a barrel at 0943 GMT. U.S. West Texas Intermediate crude dropped 14 cents to $62.41.
Curious Minds Corner
What is the name of a well drilled without previous nearby oil or gas production?