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How Is the US-China Trade War Affecting Oil?

Industry Headlines

Crude Oil Starts Week Mixed
Monday, June 24, 2019 The WTI edged upward while the Brent posted its first loss since June 19.

Trump Imposes Sanctions on Iran's Supreme Leader
Monday, June 24, 2019 President Donald Trump imposed sanctions on Iran's supreme leader, Ayatollah Ali Khamenei, and eight senior military commanders, a provocative step designed to increase pressure on the Islamic Republic.

How Is the US-China Trade War Affecting Oil?
Monday, June 24, 2019 How exactly is the trade war between the United States and China affecting the global oil industry?

Trump Questions US Defense of Oil Shipping Routes
Monday, June 24, 2019 President Donald Trump questioned U.S. protections of oil-shipping routes in the Strait of Hormuz.

Oil Price Risks Skewed to Downside
Monday, June 24, 2019 Oil price risks remain skewed to the downside but increasing tension in the Middle East could change that outlook quickly, according to Jefferies.

Oil Jumps as Gulf Tension Worsens
Monday, June 24, 2019 Crude kept rising following its biggest weekly gain since late 2016 after President Donald Trump said he would impose 'major additional sanctions' on Iran.

Light Crude Up More Than 9 Percent for Week
Friday, June 21, 2019 Both major crude oil contracts have posted healthy week-on-week gains.

US Has a Net Loss of Three Rigs
Friday, June 21, 2019 The nation's addition of one oil rig was offset by a loss of four gas rigs this week.


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Exploration

Lundin Makes 2 Oil Discoveries Off Norway
Friday, June 21, 2019 Lundin makes two oil discoveries on the eastern edge of the Edvard Grieg field offshore Norway.

Turkey Sends 2nd Ship to Drill Off Cyprus
Thursday, June 20, 2019 The Turkish government sent a second energy exploration vessel to contested waters off Cyprus, defying European Union threats of retaliation.

New Total Supercomputer to Help Exploration
Tuesday, June 18, 2019 Total has brought its new Pangea III supercomputer online.

New Oil and Gas Discovery in Norwegian Sea
Monday, June 17, 2019 Equinor, along with its partners, makes an oil and gas discovery in the Norwegian Sea.

Austin Chalk Seismic Survey Planned
Thursday, June 06, 2019 A large-scale, multi-client Austin Chalk seismic survey is set to begin this September.

W&T, Kosmos Strike Oil in US Gulf of Mexico
Tuesday, June 04, 2019 W&T Offshore (operator) and project partner Kosmos Energy have made an oil discovery at the Gladden Deep exploration well in the U.S. Gulf of Mexico.


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Production

OPEC on Track to Extend Cuts in July
Thursday, June 20, 2019 OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month.

UKCS Production Efficiency Rises Again
Thursday, June 20, 2019 Production efficiency on the UK Continental Shelf improved for the sixth consecutive year in 2018.

Permian Oil Output Set to Keep Growing
Wednesday, June 19, 2019 Permian oil production is forecasted to hit 4.226 million barrels per day next month.

Gas Enjoys Bonanza Year in 2018
Wednesday, June 12, 2019 Natural gas had a bonanza year in 2018, according to BP's latest statistical review of world energy.

US 2018 Oil, Gas Output Surges Outpaced All Countries
Tuesday, June 11, 2019 U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country.

North Sea Culzean Field Starts Production
Tuesday, June 11, 2019 Total has started up production from the offshore UK Culzean gas condensate field.


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Finance and Investing

Aramco to Peel Back Financial Veil
Thursday, June 13, 2019 Aramco is preparing to host its first earnings call in August to discuss half-yearly results.

Will Occidental's $38B Gamble Be a Shale Win?
Friday, June 07, 2019 Oxy is aiming for billions of dollars' worth of cost savings and productivity gains from the Anadarko deal, but many investors remain skeptical.

Fitch Cuts Pemex to Junk
Friday, June 07, 2019 Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months.

Energy Stocks Hurt By Oil Slump Want Value Investors
Thursday, June 06, 2019 The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index.

Seadrill Plunges Again
Monday, May 27, 2019 Seadrill fell further in Oslo trading after Carnegie Investment Bank AB cut its target price by 88 percent.

Schlumberger Suffers Credit Hit
Monday, May 27, 2019 Schlumberger had its debt rating lowered by S&P Global Inc.


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Company Operations

Saudi Aramco Awards Offshore Contract
Monday, June 24, 2019 The work will take place in the Marjan and Zuluf fields.

Total to Lay Off 200 Workers in Denmark
Monday, June 24, 2019 French oil major Total will cut 200 jobs as it restructures its Danish North Sea operations.

NNPC Gets New Group Managing Director
Monday, June 24, 2019 Mallam Mele Kolo Kyari has been appointed as the new group managing director of the Nigerian National Petroleum Corporation.

Chisholm Oil and Gas and Gastar to Merge
Wednesday, June 19, 2019 Chisholm Oil and Gas, LLC and Gastar Exploration LLC have agreed to merge, just five months after Gastar emerged from bankruptcy.

Lime Rock to Buy Oklahoma Assets from BP
Wednesday, June 19, 2019 Houston-based Lime Rock Resources will purchase oil and natural gas properties in Oklahoma from BP America Production Company.

Hurricane Energy Sells First Oil from Lancaster Field
Tuesday, June 18, 2019 UK-based oil exploration company Hurricane Energy plc sold its first cargo from its Lancaster Field on Tuesday.

What Will Chevron Do Next?
Tuesday, June 18, 2019 Following Chevron's decision to walk away from its Anadarko bid, what will the company do next?


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