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Results 50 articles shown
Shell is Wrong: Global Oil Demand Can Only Increase
Wednesday, November 21, 2018 The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.'
Brent Will Recover Towards Year-End
Wednesday, November 21, 2018 Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.
China's Tariffs: A Headache for the Next Wave of US Natgas Export Projects?
Tuesday, November 20, 2018 What effect will Trump's tariffs have on US LNG exporters in particular and LNG trade?
Oil Holds Near $57
Tuesday, November 20, 2018 Crude markers in New York and London have both fallen more than 20% from their October highs.
Deep Divisions Hinder Canadian Oil Patch
Tuesday, November 20, 2018 The Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions.
Why US Oil Production Won't Peak Anytime Soon
Monday, November 19, 2018 The US shale oil revolution continues to defy the skeptics.
Global FPSO Market Set to Rebound
Monday, November 19, 2018 The global floating production market has stirred back to life, according to Rystad Energy.
Russian Stance on OPEC+ Cuts Shows Gap with Saudis
Monday, November 19, 2018 Russia's energy minister insists the country and its allies in OPEC need to watch the oil market in the coming weeks before making any decisions to cut output.
Crude Oil Down for the Week but Gas Rebounds
Friday, November 16, 2018 The December WTI remained flat on Friday.
Oil Poised for Sixth Weekly Loss
Friday, November 16, 2018 Oil is poised for a sixth weekly loss, trading near $57 a barrel.
Finding Oil Floor Is Going to Take More Time
Friday, November 16, 2018 Finding a floor for oil is going to take more time, according to CIBC Private Wealth Management Senior Energy Trader Rebecca Babin.
US Adds Oil Rigs for Fifth Out of Sixth Weeks
Friday, November 16, 2018 This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.
Oil Trades Near $56
Thursday, November 15, 2018 Oil traded near $56 a barrel after snapping a record losing streak.
OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.
The Market is Overreacting
Thursday, November 15, 2018 The market is overreacting, according to Nasdaq IR Intelligence Energy Director Tamar Essner.
Lagging Gas Storage Finally Triggers Market Reaction
Thursday, November 15, 2018 The reality of the low level of supplies has suddenly awoken gas prices from their months-long slumber.
Big Oil Reuses Platforms in Latest Cost-Cutting Trick
Thursday, November 15, 2018 Oil companies have pushed through draconian cost cuts during the recent industry slump, but they're not quite done yet.
Crude Oil Up and Gas Continues Wild Ride
Thursday, November 15, 2018 Crude oil futures continued to recover Thursday while natural gas' robust rally reversed course.
NOPEC to Take Gloves Off, Production Cuts In 2019?
Wednesday, November 14, 2018 OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place.
How Will Oil's Freefall End?
Wednesday, November 14, 2018 Oil's record losing streak has plunged prices into a bear market and is reverberating around the globe.
Oil's Collapse Deepens
Wednesday, November 14, 2018 Oil showed little sign of recovering from its unprecedented decline.
IEA Welcomes Return of Oil Surplus
Wednesday, November 14, 2018 The IEA welcomes the oil market's return to surplus.
Drop in Crude to Test Big Oil's Devotion to Spending Discipline
Wednesday, November 14, 2018 The world's biggest oil companies have been saying that by keeping a tight rein on spending today, they'll be fortified against the next crude-price collapse.
US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.
US Set to Export Petroleum Like It's 1949
Wednesday, November 14, 2018 IHS Markit contends that the total 2017 US merchandise trade deficit was nearly $250 billion lower than it would have been otherwise had the petroleum trade deficit remained at the 2007 level.
Crude Oil Recovers and Natural Gas Roars
Wednesday, November 14, 2018 One day after tumbling more than 7%, the December WTI crude oil futures price recovered slightly.
GE's Knack for Bad Timing Strikes Again
Tuesday, November 13, 2018 General Electric Co.'s plan to unravel its Baker Hughes stake smacks of desperation.
Oil Extends Record Losing Streak
Tuesday, November 13, 2018 Oil fell for a 12th consecutive session in its longest losing streak on record.
Market Balanced, No Cause for Alarm
Tuesday, November 13, 2018 The market is still relatively in a state of balance and there is no cause for alarm, the OPEC Secretary-General tells Bloomberg.
Permian Pipes Are Coming, But The Workers Aren't
Tuesday, November 13, 2018 'It's frankly today a bigger concern than oil prices, because oil prices are fine where they are. The availability of labor is not,' says analyst.
Crude Oil Futures Plunge
Tuesday, November 13, 2018 Surging US crude oil output and worries about an economic slowdown contribute to a steep decline in crude oil futures.
Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.
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.
Less Appetite for Exploration Drilling
Monday, November 12, 2018 There's less appetite for exploration drilling, according to Rystad Energy.
EOG Join Oil's $1 Billion-a-Quarter Club
Monday, November 12, 2018 The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.
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.
Crude Oil Benchmarks Set Record
Monday, November 12, 2018 The WTI and Brent crude oil benchmarks set records - but not the kind that oil producers typically like.
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.
Welcome to a Renter's World
Friday, November 09, 2018 One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.
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.
UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.
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.
Permian Best Place to be in Shale Oil Business
Wednesday, November 07, 2018 The Permian Basin continues to be the best place to be in the shale oil business, according to Timothy L. Dove, president and CEO of Pioneer Natural Resources.
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.