New Exploration and Production Company Created
Wednesday December 12, 2018 - Eni announces the creation of Var Energi AS.
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Oil Stays Below $52
Thursday, December 13, 2018 Oil traded below $52 a barrel after U.S. crude inventories slid less than expected and added to concerns that the OPEC+ coalition's output cuts won't be enough to avert a supply glut.
Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.
OPEC Deal Solid Step in Right Direction
Wednesday, December 12, 2018 The OPEC deal was a solid step in the correct direction, according to Genscape.
Oil Extends Gain
Wednesday, December 12, 2018 Oil extended an advance after a U.S. industry report signaled a bigger than expected draw in nationwide crude inventories and as trade tensions eased between the world's two largest economies.
New Exploration and Production Company Created
Wednesday, December 12, 2018 Eni announces the creation of Var Energi AS.
Oil and Gas Futures Edge Downward
Wednesday, December 12, 2018 Oil and natural gas futures ended the day lower during midweek trading.
Oil Holds Drop
Tuesday, December 11, 2018 Oil held its biggest loss in 2 weeks.
Biggest Negative Risk for Oil Price
Tuesday, December 11, 2018 The biggest negative risk for the price of oil after the OPEC+ decision is a larger slowdown in the world economy.
Cyber Attack Targets Oil and Gas Services Company
Tuesday, December 11, 2018 Saipem suffers a cyber attack on its servers.
Crude Oil Ends the Day Higher
Tuesday, December 11, 2018 Both the WTI and Brent posted gains Tuesday.
US House Opposes Russian Gas Pipeline
Tuesday, December 11, 2018 The US House of Representatives approved a largely symbolic resolution expressing opposition to Gazprom PJSC's Nord Stream 2 natural gas pipeline.
Oil Extends Gain
Monday, December 10, 2018 Oil in London extended gains near $62 a barrel on prospects for a shrinking glut.
OPEC Cut Wrong-Foots Short Sellers
Monday, December 10, 2018 OPEC's surprise output reduction has wrong-footed short-sellers.
OPEC Cut Was Not Easy
Monday, December 10, 2018 The move to cut 1.2 million barrels per day from the market was not easy, according to UAE Minister of Energy Suhail Mohamed Al Mazrouei.
Oil Prices Settle Lower
Monday, December 10, 2018 Crude oil futures start the week on a lackluster note.
OPEC Is Alive and Highly Relevant
Monday, December 10, 2018 OPEC has been described as alive and well and highly relevant following the announcement of its latest output cut deal.
Loews CEO Tisch Eyes $75 Oil in Two Years
Monday, December 10, 2018 The head of one US conglomerate is eyeing a rebound that'll bring crude back to $75 a barrel.
Oil Extends Losses
Friday, December 07, 2018 Oil extended losses near $51 a barrel after OPEC ended talks without a deal on production curbs.
OPEC Goes Back into Crunch Talks
Friday, December 07, 2018 OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal.
Reversing the Bearish Price Sentiment
Friday, December 07, 2018 Jefferies says reversing the overwhelmingly bearish price sentiment will likely require a credible and cohesive message from the OPEC meeting.
OPEC Agrees Larger Than Expected Oil Cut
Friday, December 07, 2018 OPEC finally broke an impasse over production curbs, agreeing on a larger than expected cut with allies after 2 days of fractious negotiations in Vienna.
Struggling OPEC Agrees on Cuts, Crisis Not Over
Friday, December 07, 2018 After two days of heated internal discussions, OPEC seems to have reached a production cut agreement.
Crude Oil Up for the Week
Friday, December 07, 2018 Crude futures rose amid a 'plethora of conflicting market signals.'
Thursday, December 06, 2018 Oil veers between gains and losses.
OPEC Talks End Without Oil-Cuts Deal
Thursday, December 06, 2018 OPEC ended talks in Vienna without a deal on oil production cuts as the size of Russia's contribution remained a sticking point before further talks.
What OPEC+ Must Do for Oil to go Above $70 in 2019
Thursday, December 06, 2018 Rystad Energy outlines what OPEC+ must do for oil to climb above $70 per barrel next year.
LNG Market Growth is Fueling Business Changes
Thursday, December 06, 2018 The LNG market is experiencing the same old song and dance that other commodity industries have experienced in decades past.
Crude Oil Down on OPEC+ and More
Thursday, December 06, 2018 Crude oil futures declined amid ongoing uncertainty regarding what action the OPEC+ group will take to bolster the oil market.
Oil Halts Advance
Wednesday, December 05, 2018 Oil retreated after the biggest 2-day gain since June.
OPEC Created A Mess
Wednesday, December 05, 2018 The Organization of Petroleum Exporting Countries created a mess, according to FGE founder and chairman Fereidun Fesharaki.
OPEC+ Recommends Oil Cuts, Defying Trump's Twitter Plea
Wednesday, December 05, 2018 Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea.
The EU Weighs Risks of Rising Gas Imports
Wednesday, December 05, 2018 At issue is mainly how output from the Groningen field will continue to decline, thus making the EU more dependent on both pipeline and LNG from outside the EU borders.
Transocean Acquires Ocean Rig
Wednesday, December 05, 2018 Transocean reports that it has completed its acquisition of Ocean Rig UDW Inc.
WTI Trades Above $54
Wednesday, December 05, 2018 Crude prices declined as OPEC+ members gathered in Vienna to determine whether to reduce production and by how much.
Oil Rides Biggest 2-Day Gain Since June
Tuesday, December 04, 2018 Oil headed for its biggest 2-day advance since June as concerns over a supply glut eased.
Qatar Exit from OPEC Largely Symbolic
Tuesday, December 04, 2018 Qatar's decision to exit OPEC represents a largely symbolic move for both Qatar and OPEC.
OPEC-Russia Inch Toward Output Cuts
Tuesday, December 04, 2018 OPEC and its allies gather in Vienna this week to discuss production cuts.
Macron Backtracks from Fuel Tax Hike
Tuesday, December 04, 2018 French President Emmanuel Macron blinked.
Big Oil Battles Prolonged Gender Problem
Tuesday, December 04, 2018 Globally, the oil and gas sector ranks second only to construction as the worst for gender equality, according to a study by Boston Consulting Group.
Crude Oil Uptick Continues
Tuesday, December 04, 2018 Crude prices posted more day-on-day gains as players in the oil market anticipate the Dec. 6 meeting in Vienna of OPEC and non-OPEC member nations.
Oil Jumps Most Since June
Monday, December 03, 2018 Oil was jolted higher by efforts across the globe to support prices.
Russia and Saudi Arabia Will Extend OPEC+ Oil Pact
Monday, December 03, 2018 Russia and Saudi Arabia agree to extend into 2019 their deal to manage the oil market.
Analysts Outline Most Likely OPEC Meeting Scenario
Monday, December 03, 2018 Just over 800,000 barrels per day will be removed from the market, according to Fitch Solutions Macro Research's most likely OPEC meeting scenario.
Volatile Prices Ahead?
Monday, December 03, 2018 Crude prices have suffered their steepest and fastest fall in a decade.
Shell Ties New Climate Targets to Exec Pay
Monday, December 03, 2018 Shell is introducing new, shorter-term climate change goals that will directly affect how much the company's executives will get paid.
Crude Oil Starts Week on Bullish Note
Monday, December 03, 2018 Bullish sentiment prevailed in oil markets Monday.
Oil Poised for Worst Month in 10 Years
Friday, November 30, 2018 Oil's on track for its worst month in a decade on growing fears over a global supply glut that's been exacerbated by American waivers to Iranian crude buyers.
Oil Market Hinges on Saudi Dilemma
Friday, November 30, 2018 The choice facing Saudi Arabia at next week's OPEC meeting is dramatic.
Production Cut Deal Expected at G20
Friday, November 30, 2018 A deal on cutting production will be made at the G20 summit in Argentina, according to KPMG.
Shell Completes Sales Worth up to Almost $2B
Friday, November 30, 2018 Shell has wrapped up sales deals worth up to $1.827 billion.
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