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Oil Eases as Investors Monitor Trade War
Thursday, November 21, 2019 Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war.
OPEC+ Likely to Retain Output Targets in Dec
Thursday, November 21, 2019 OPEC+ seems 'increasingly likely' to retain its production targets at its next meeting, according to a new research note from Jefferies.
Oil Holds Near 2-Week Low as Supplies Swell
Wednesday, November 20, 2019 Oil held losses near a 2-week low on signs of swelling American crude inventories.
Asia's Richest Man Breaks into Oil Elite Club
Wednesday, November 20, 2019 Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.
Petrofac Breaks Into Permian Shale Market with Latest Acquisition
Wednesday, November 20, 2019 International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
Canadian Heavy Crude Weakens Amid Worker Rail Strike
Wednesday, November 20, 2019 The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.
Oil Rises as Key US Storage Hub Shows Biggest Draw in Months
Wednesday, November 20, 2019 Oil jumps the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August.
Oil Down as US Crude Supply Seen Rising
Tuesday, November 19, 2019 Oil dropped for a second day on indications American crude stockpiles and shale output will keep expanding.
EIB to End Fossil Fuel Financing From 2021
Tuesday, November 19, 2019 The European Investment Bank will end financing for fossil fuel energy projects from the end of 2021.
Salaries Growing Faster in Texas Than NY
Tuesday, November 19, 2019 The New York city area may boast the largest share of personal income in the U.S. but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland.
Baker Hughes, C3.ai, Microsoft Team up to Boost Energy AI
Tuesday, November 19, 2019 The JV will help customers adopt scalable AI solutions for the energy industry that promote safety, reliability, and sustainability.
Oil Falls Most in Seven Weeks
Tuesday, November 19, 2019 Oil drops the most in seven weeks as American crude stockpiles are forecast to rise and U.S.-China trade talks stall.
Who Actually Controls the World's Oil?
Monday, November 18, 2019 Regardless of control, new investments in finding and producing more oil are required.
Oil Holds Near 8-Week High on Trade Deal Optimism
Monday, November 18, 2019 Oil held gains near the highest close in eight weeks on signs of progress toward a breakthrough in the prolonged U.S.-China trade war.
Supermajor Asset Sale Could Fetch $27B
Monday, November 18, 2019 Oil and gas supermajors are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy.
Oil Short-Selling Unwinds
Monday, November 18, 2019 Hedge-fund managers unwound bets that crude will fall at the fastest pace in 16 months.
Paulson No Longer Opposes Callon-Carrizo Deal
Monday, November 18, 2019 Hedge fund Paulson & Co. Inc. is dropping its opposition to U.S. shale producer Callon Petroleum Company's buyout of rival Permian player Carrizo Oil & Gas.
Exxon Says NY Used Fraud Claims to Land Political Points
Monday, November 18, 2019 You'd expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon.
Oil Falls as Pessimism Clouds Chance of Trade War Settlement
Monday, November 18, 2019 Oil falls the most in about two weeks from an eight-week high amid dimming prospects for resolution to the long-running U.S.-China trade war.
Oil Up as Market Weighs Trade Deal Against Supply
Friday, November 15, 2019 Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories.
3D Printing On Track to Become Vital in Oil and Gas
Friday, November 15, 2019 3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.
Russia Makes More Money from OPEC+ Deal than Saudis
Friday, November 15, 2019 Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.
US Drops Eleven Oil, Gas Rigs
Friday, November 15, 2019 The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
Oil Prices Higher for the Week
Friday, November 15, 2019 WTI and Brent finished higher Friday, also showing week-on-week increases.
Oil Up After Report Points to US Inventory Drop
Thursday, November 14, 2019 Oil rose for a second day after an industry report pointed to a drop in U.S. inventories.
EIA Raises Oil Price Forecast
Thursday, November 14, 2019 The U.S. Energy Information Administration has raised its Brent oil price forecast.
Shell Affirms Commitment to Canada as Other Oil Majors Flee
Thursday, November 14, 2019 Royal Dutch Shell Plc is reassuring investors, workers and anyone else who will listen that it's the international oil major that's staying in Canada as others pull up stakes.
Total and ADNOC Plan Seismic Drone Project
Thursday, November 14, 2019 The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.
Billionaires Circle Distressed US Oil, Gas Patch
Thursday, November 14, 2019 Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.
Oil Prices Stay Range-Bound and Boring
Thursday, November 14, 2019 WTI and Brent crude oil prices showed some positive momentum early Thursday but ultimately posted day-on-day-losses.
Oil Down After Trump Damps Trade-Deal Optimism
Wednesday, November 13, 2019 Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China.
Oil Demand to Hit Plateau Around 2030
Wednesday, November 13, 2019 Global oil demand will hit a plateau around 2030, the International Energy Agency predicts.
Oilfield Hired Hands Seek CFO Heft to Sustain Downturn
Wednesday, November 13, 2019 The hired hands of the oil patch are demanding a tighter rein from the CFO suite in order to survive lower oil prices.
Oil Prices Finish Higher at Midweek
Wednesday, November 13, 2019 The WTI and Brent crude oil benchmarks traded higher Wednesday.
Hacker Wants Near $5MM Ransom from Pemex
Wednesday, November 13, 2019 The hacker behind a cyberattack that has crippled Petroleos Mexicanos's computer systems since the weekend is hoping to squeeze almost $5 million out of the company.
OPEC+ Risks Oil Slump Below $50
Tuesday, November 12, 2019 With their next meeting just weeks away, OPEC and its partners are showing no impetus for stronger action to support oil prices.
2019 Marks Nadir of Oil Demand Growth
Tuesday, November 12, 2019 This year will mark the nadir of oil demand growth over the next five years, according to a new report from Fitch Solutions Macro Research.
Offshore Oil to Peak in 2020, Then Slow Down
Tuesday, November 12, 2019 Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.
Oil Prices Edge Downward Amid Ongoing 'Distraction'
Tuesday, November 12, 2019 West Texas Intermediate (WTI) and Brent oil futures posted slight losses during Tuesday's trading.
Oil Bulls Make Shy Comeback
Monday, November 11, 2019 Hedge funds are showing cautious optimism that oil has room to rally.
Oil Down on Mixed Trade-War Signals
Monday, November 11, 2019 Oil retreated from a 7-week high as investors weighed mixed signals on the progress of U.S.-China trade talks.
Mexico Votes in New CNH President
Monday, November 11, 2019 Rogelio Hernandez Cazares has been voted in as the new president of the National Hydrocarbons Commission.
Oil Prices Falter and Gas Futures Tumble
Monday, November 11, 2019 WTI and Brent crude oil futures edged downward Monday.
Oil Down as Investors Weigh Trade Deal Progress
Friday, November 08, 2019 Oil pared a weekly gain as investors weighed signs of progress in the prolonged U.S.-China trade war that's undermined global crude demand.
Trump Nominates New Energy Secretary
Friday, November 08, 2019 U.S. President Donald Trump has formally nominated Dan Brouillette to serve as the next U.S. Secretary of Energy.
Exxon Blasts NY for Walking Back Claims at Trial's End
Friday, November 08, 2019 The New York AG's office dropped its claim that Exxon intentionally misled investors about how it accounts for the financial risks of climate change.
ExxonMobil Awards Guyana FPSO Contract
Friday, November 08, 2019 SBM Offshore has won FEED contracts for the Payara development vessel.
US Rig Count Continues its Decline
Friday, November 08, 2019 The nation dropped seven oil rigs while the number of gas rigs remained flat.
Icahn to Plan Proxy Fight at Occidental
Friday, November 08, 2019 Carl Icahn plans to launch a proxy fight at Occidental following cuts to the company's budget that may put its dividend at risk because of debt incurred in its $37 billion takeover of Anadarko.
Oil Prices Up for the Week
Friday, November 08, 2019 The WTI and Brent crude oil benchmarks finished the day and the week in positive territory.
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