Govt & Regulatory News


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Oil Halts Gains Near 2-Month High
Tuesday, January 22, 2019 Oil halts gains near a 2-month high as investors weigh concerns over outlook for the global economy against the OPEC+ coalition's performance on pledged output cuts.

Canadian Oil Surge Fails to Lift Producers
Monday, January 21, 2019 Alberta's crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil.

Oil Hits Two-Month High
Friday, January 18, 2019 Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.

Oil is Going to be Very Much Demand Driven
Friday, January 18, 2019 Oil is going to be very much demand driven, according to Arqaam Capital.

Traders Sold German Gas That Never Showed Up
Friday, January 18, 2019 Several natural gas traders last year sold the fuel into Germany's pipeline network, but now an investigation is under way.

Oil Retreats Near $52
Thursday, January 17, 2019 Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world's top suppliers.

US Will Likely Grant Fewer Waivers in May
Thursday, January 17, 2019 The United States will likely grant fewer waivers to buyers of Iranian oil when they're up for renewal in May, according to IHS Markit.

US Crude Oil Exports Continue to Grow
Thursday, January 17, 2019 The US DOI now reports that domestic crude production could surge to 14 MMbpd by 2020.

Oil May Bring 400,000 Jobs and $258B in Investments to Brazil
Thursday, January 17, 2019 The secretary general of the Brazilian Institute of Petroleum, Gas and Biofuels said that in the next few years, the oil industry will bring more jobs and investments to Rio de Janeiro.

Oil Holds Gain Near $52
Wednesday, January 16, 2019 Oil held gains near $52 a barrel on optimism the OPEC+ coalition's production curbs will clear a supply glut.

Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

Canadian Oil Grades Weaken
Wednesday, January 16, 2019 Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory production curtailments in April.

Canadians Back Trudeau's Pipeline
Wednesday, January 16, 2019 A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau's government is pushing to build.

Oil Halts Drop Near $51
Tuesday, January 15, 2019 Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.

Oil Demand to Grow Steadily in 2020s
Tuesday, January 15, 2019 Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy's current long-term outlook.

Policy Creating Hurdles for Canada's Oil Patch
Tuesday, January 15, 2019 The goal of Premier Rachel Notley's mandated production cut is to reduce the storage glut and get oil prices back to profitable levels.

Libya's Haftar Plans to Secure Oil Areas
Tuesday, January 15, 2019 Forces allied to Khalifa Haftar have entered the city of Sebha as part of a campaign to secure the country's lawless south and protect its oil-producing infrastructure, his spokesman says.

Oil Retreats as Risk Appetite Shrinks
Monday, January 14, 2019 Oil extended its retreat as investor appetite for risk assets shrank.

Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Monday, January 14, 2019 Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

Demand Biggest Psychological Headwind for Oil
Monday, January 14, 2019 Demand is the biggest psychological headwind for oil right now, according to RBC Capital Markets.

Sinopec Said to Get Retail IPO Green Light
Monday, January 14, 2019 Sinopec's retail operations include more than 30,600 fuel stations and nearly 27,000 convenience stores.

Oil Set for Biggest Weekly Gain in 2 Years
Friday, January 11, 2019 Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the US and China will ease.

Analysts Outline Latest Oil Price Forecasts
Friday, January 11, 2019 Analysts at Fitch Solutions Macro Research forecast that the price of Brent will average $75 per barrel in 2019, a new report has revealed.

US 10th Dist. Energy Firms Less Optimistic about Future Drilling
Friday, January 11, 2019 The Kansas City Fed's fourth quarter energy survey reveals a negative drilling and business activity index - the first in almost three years.

Oil Takes Breather After Bull Market Breakout
Thursday, January 10, 2019 Oil's taking a breather after bursting into a bull market.

Truce Reached over Canadian Shell Pipeline
Thursday, January 10, 2019 A truce was reached in a dispute over a natural gas pipeline in western Canada.

Norway Cuts Production Forecast to Lowest in 30 Years
Thursday, January 10, 2019 Norway's oil regulator reduced its forecast for production this year.

Oil Extends Longest Rally in 1.5 Years
Wednesday, January 09, 2019 Oil rose back above $50 a barrel, extending its longest rally in 1.5 years.

Oil Holds Above $48
Tuesday, January 08, 2019 Oil held gains after its longest rally in almost 1.5 years.

Proper Oil Price Rebound May Come by 1Q-End
Tuesday, January 08, 2019 A proper oil price rebound may come by the end of the first quarter.

TransCanada Hopes to Start Construction on Keystone by Summer
Tuesday, January 08, 2019 TransCanada is hoping to start construction by June on its decade-old Keystone XL oil pipeline project.

Critics Say Trump Is Giving Oil Industry a Bye in Shutdown
Tuesday, January 08, 2019 The Trump administration is working overtime to make sure the shutdown doesn't halt oil drilling too - in ways critics say may flout federal law.

Oil Extends Gains
Monday, January 07, 2019 Oil is headed for its longest rally in more than 17 months as the U.S. Federal Reserve sought to soothe investor concerns and on signs of slowing American production.

OPEC Strategy Still a Winner for Members
Monday, January 07, 2019 Given oil's plummet at the end of last year, OPEC's strategy to stabilize the market might look a bust - but it's still a winner where it matters most for the cartel's members.

Oil Market is Oversold
Monday, January 07, 2019 At current levels, the oil market is oversold.

Oil Heads for Biggest Weekly Gain Since 2017
Friday, January 04, 2019 Brent crude heads for its biggest weekly gain since July 2017 as OPEC's production cuts outweigh concerns over the health of the global economy.

New Petrobras CEO Rejects Government Intervention
Friday, January 04, 2019 The new head of Brazil's state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit.

Trump Credits Own 'Talent' for Oil Prices
Friday, January 04, 2019 President Donald Trump said OPEC 'is essentially a monopoly,' even as he credited his own 'talent' for having brought down oil prices.

The State of Oil in 2019
Thursday, January 03, 2019 So, what will be the state of oil in 2019? Executives, money managers and analysts weigh in.

Natural Gas Market Braces for Slump
Thursday, January 03, 2019 European natural gas prices look set to fall for the first time in four years in 2019.

Venezuela Oil Exports Slump to 28-Year Low
Thursday, January 03, 2019 Venezuela ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades.

Bonds Beckon OPEC's Top Arab Producers in 2019
Monday, December 31, 2018 Gulf Arab energy companies are expected to borrow more in 2019 to finance expansion plans after rising oil prices triggered a sharp retreat from debt markets in 2018.

Amid Export Boom, US Continues Importing Natural Gas
Friday, December 28, 2018 The US may be exporting natural gas at a record clip, but that hasn't stopped it from accepting new imports.

US Oil Delivers One-two Punch to Middle East Producers
Thursday, December 27, 2018 The US oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices.

IMF's Lagarde Urges Angola to Lower Dependence on Oil
Thursday, December 27, 2018 Angola should lower the economy's dependence on oil, International Monetary Fund Managing Director Christine Lagarde says.

Oil Sands Rebound in 2019
Thursday, December 27, 2018 The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out.

Venezuela Unites (For Once) Around Guyana
Thursday, December 27, 2018 The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country.

Canada's Energy Policy Creates Structural Problems for Oil and Gas Industry
Wednesday, December 26, 2018 As the US oil industry reels from the oil prices collapse, Canada's oil business is seeing its oil prices rallying.

Oil Set for Weekly Drop
Friday, December 21, 2018 Oil's poised for its biggest weekly drop in a month.

What is Driving the Oil Price Down?
Friday, December 21, 2018 What is really driving the price movement?