Industry Headlines News for Caspian/Central Asia


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Oil Climbs After Record Run of Losses
Monday, November 12, 2018 Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

Analysts Not Surprised by Move into Bear Territory
Monday, November 12, 2018 Analysts at Cantor Fitzgerald Europe are not surprised by the move into bear territory.

Digitalization Can Save Upstream Sector $75B Each Year
Monday, November 12, 2018 A new study by Wood Mackenzie shows how the US Lower 48 has led the way in utilizing technology to transform their business.

Unconventional Wells Getting Early Win from Predictive Analytics
Monday, November 12, 2018 More than one-half of the world's top 100 largest oil and gas companies are now using digital tools to predict the future.

Oil Teeters Near Record Losing Streak
Friday, November 09, 2018 Oil's set for its longest stretch of declines on record after entering a bear market.

Time Has Come for OPEC to Start Worrying
Friday, November 09, 2018 The time has come for OPEC to start worrying, according to the founder of Vanda Insights.

Oil Trades Near $62
Thursday, November 08, 2018 Oil was steady after 8 days of losses.

Oil Market Faces Precarious Few Months
Thursday, November 08, 2018 The oil market faces a precarious few months, according to Wood Mackenzie.

Big Oil Tells Big Tech Being Arrogant Will Backfire
Thursday, November 08, 2018 One of the biggest oil bosses in the world has a message for hotshot young tech stars.

Oil Poised for Longest Losing Run Since 2014
Wednesday, November 07, 2018 Crude's set for the longest losing streak since 2014 as concerns of a supply crunch ease.

OPEC Eyes Yet Another U-Turn
Wednesday, November 07, 2018 OPEC is enduring one of the most head-spinning years in its history.

Oil and Gas Recruiting to Rise in Coming Months
Wednesday, November 07, 2018 Rigzone's recent survey finds that oil and gas recruiting is expected to increase in coming months, on the heels of a better market climate.

WTI Settles Below $62
Wednesday, November 07, 2018 Both the WTI and Brent contracts ended the day lower during midweek trading.

Oil Trades Near 7-Month Low
Tuesday, November 06, 2018 Oil held near the lowest level in 7 months as concerns over a supply crunch eased after the U.S. granted waivers to 8 governments to continue buying some Iranian crude.

Oil Could Hit $100 If Supply Crunch Worsens
Tuesday, November 06, 2018 Oil prices are likely to be 'biased to the upside' for the rest of the year, according to Citigroup Inc.

Start of Very Strong Cycle for Oil and Gas
Tuesday, November 06, 2018 We're at the beginning of a very strong cycle for oil and gas, according to Halliburton's CEO.

ExxonMobil's Wood Says Size Doesn't Matter in M&A Deals
Tuesday, November 06, 2018 The world's biggest public energy company doesn't worry about size when it comes to potential deal-making.

Crude Oil Settles Lower
Tuesday, November 06, 2018 Both the WTI and Brent crude oil prices ended the day lower.

Crude Extends Decline
Monday, November 05, 2018 Oil extended its decline to a sixth day.

Oil Majors See Roaring Profits During 3Q
Monday, November 05, 2018 Oil companies saw soaring profits during 3Q as they emerge worst-in-a-generation crude slump.

Sunday Midnight Will Mark Dividing Line in Oil World
Friday, November 02, 2018 Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

Oil Set for Worst Week Since February
Friday, November 02, 2018 Oil's set for the biggest weekly loss since February.

ExxonMobil and Chevron Report Strongest 3Q Results in 4 Years
Friday, November 02, 2018 ExxonMobil and Chevron deliver their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude.

Crude Oil Down Six-plus Percent for Week
Friday, November 02, 2018 The ongoing slump in global and US stock markets has dampened the energy demand outlook, and a stronger US dollar earlier this week hasn't helped.

Oil Extends Losses Near $65
Thursday, November 01, 2018 Oil extended losses near $65 a barrel after the worst month in more than 2 years.

India, Korea, US Said to Agree Iran Oil Waiver Outline
Thursday, November 01, 2018 India and South Korea agreed with the U.S. on the outline of deals that would allow them to keep importing some Iranian oil, according to Asian officials with knowledge of the matter.

WTI Falls Below $64
Thursday, November 01, 2018 Thursday was another down day for crude oil futures.

Oil Set for Biggest Monthly Slide Since 2016
Wednesday, October 31, 2018 Oil's set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market.

Crude Oil Extends Downward Trend
Wednesday, October 31, 2018 Crude oil continued its downward momentum that began at the beginning of this week.

Oil Holds Losses
Tuesday, October 30, 2018 Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the United States and China will dampen global growth at a time when American crude inventories are growing.

BP Unleashes Cash Bet That Oil Will Stay High
Tuesday, October 30, 2018 BP is gearing up to leave European competitors in the dust, at least when it comes to spending the industry's enormous cash pile.

Oil and Gas Optimism Rises for 2019
Tuesday, October 30, 2018 All subsectors of the industry expressed confidence going forward during the industry's continued recovery, according to a Deloitte survey.

Crude Oil Settles Lower
Tuesday, October 30, 2018 The WTI and Brent crude oil benchmarks ended the day lower Tuesday.

Oil Trades Below $68
Monday, October 29, 2018 Oil traded below $68 a barrel as traders assessed mixed supply signals from producers.

Nigeria Sees OPEC Holding Firm in December
Monday, October 29, 2018 OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says.

Why Majors Will Take a Bigger Role in US Shale
Monday, October 29, 2018 As plays mature, expect major oil companies to play a growing and critical role in its future development.

Crude Oil Falls on Glut Fears
Monday, October 29, 2018 The two key crude oil benchmarks settled lower amid fears of a potential supply glut.

Oil Set for Another Weekly Loss
Friday, October 26, 2018 Oil is poised for the longest weekly losing streak since August.

Big Oil Resists Urge to Spend
Friday, October 26, 2018 The world's biggest oil companies aren't returning to their spendthrift ways, despite crude's recovery.

Oil Looks Vulnerable from Short Term Perspective
Friday, October 26, 2018 From a short-term and technical perspective, oil looks vulnerable.

Peak Oil or Peak Demand?
Thursday, October 25, 2018 As peak oil interest faded, a new hypothesis began to take its place.

Oil Resumes Slide
Thursday, October 25, 2018 Oil fell near the lowest level in 2 months as a rout in U.S. stocks prompted investors to flee risk assets and as American crude inventories continued to rise.

Oil and Gas Travel to Pack More Tech in 2019
Thursday, October 25, 2018 Efforts to protect the safety of workers traveling to and from oil and gas installations worldwide should become more technologically sophisticated in 2019.

Oil Prices Edge Upward Amid Tug-of-War
Thursday, October 25, 2018 The slight uptick occurred as various factors continue to pull the oil market in different directions.

Oil Holds Loss Near Lowest Level in Over 2 Months
Wednesday, October 24, 2018 Oil held losses near the lowest level in more than 2 months as Saudi Arabia pledged to offset any supply shortfalls and as global investors shunned risk assets.

Upstream Players Must Boost Spending
Wednesday, October 24, 2018 Global oil and gas development spend needs to increase by around 20%.

Big Oil's Big Payday Finally Arrives
Wednesday, October 24, 2018 Big Oil's big payday has finally arrived. The question now is how to spend the extra cash.

WTI Settles a Tad Higher
Wednesday, October 24, 2018 WTI crude oil futures contract reversed its recent downward course Wednesday – at least to a small degree.

Oil Falters Below $70
Tuesday, October 23, 2018 Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.

Four Things to Do with $100+ Oil
Tuesday, October 23, 2018 How can oil companies apply in a boom period what they were forced to learn in the most recent bust?

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