EIA Says US Domestic Oil Production Rising Despite Lower Prices
Tuesday December 11, 2018 - The US government left its forecast for domestic crude production unchanged for 2019.
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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.
US Shale Becomes Oil Industry's Safe Haven
Tuesday, December 11, 2018 Big oil is investing more in U.S. shale, not less, after the recent tumble in crude prices.
Sleepless Nights for US Gas Traders
Tuesday, December 11, 2018 Welcome to the new world market for natural gas, where computers never sleep and, apparently, neither do traders.
Maiden LNG Cargo Leaves Corpus Christi
Tuesday, December 11, 2018 Cheniere reports that the first commissioning cargo of LNG has loaded and departed from its Corpus Christi liquefaction terminal.
Hundreds of Texas Oil and Gas Workers to Lose Jobs in New Year
Tuesday, December 11, 2018 Layoffs are on the horizon for hundreds of oil and gas workers in Texas.
Crude Oil Ends the Day Higher
Tuesday, December 11, 2018 Both the WTI and Brent posted gains Tuesday.
EIA Says US Domestic Oil Production Rising Despite Lower Prices
Tuesday, December 11, 2018 The US government left its forecast for domestic crude production unchanged for 2019.
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.
ConocoPhillips Plans for $6.1B Capital Spend in 2019
Monday, December 10, 2018 ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.
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.
Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.
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.
Jobs in Support Activities for Mining Dip in November
Friday, December 07, 2018 The BLS reported a dip in support activities for mining in November.
Louisiana Offshore Port Ships Most Oil Ever on Supertankers
Friday, December 07, 2018 The Louisiana Offshore Oil Port is pushing out the most crude it's shipped in any one month since the terminal began supertanker exports in February.
Louisiana LNG Contract Goes to Kiewit
Friday, December 07, 2018 Kiewit has won the EPC contract for Venture Global's Calcasieu Pass LNG export project.
US Oil Rig Count Drops by 10
Friday, December 07, 2018 US drillers cut 10 rigs this week.
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.
Bakken Refinery Contract Goes to McDermott
Thursday, December 06, 2018 McDermott International will finalize the FEED for the grassroots Davis Refinery in the Bakken formation.
Sanchez Energy Enlists Advice from Restructuring Firm
Thursday, December 06, 2018 Sanchez Energy has reached out to a restructuring firm as the company explores strategic alternatives.
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.
US Becomes a Net Oil Exporter for First Time in 75 Years
Thursday, December 06, 2018 America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal.
46.3B Barrels of Oil in Wolfcamp-Bone Spring
Thursday, December 06, 2018 New federal study estimates undiscovered, technically recoverable resources in Wolfcamp shale and Bone Spring Formation in Permian's Delaware Basin.
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.
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.
US M&A Activity is Red Hot, But Will it Continue?
Tuesday, December 04, 2018 Shale deals lead the way for current M&A activity, but what lies ahead?
Offshore Mexico Appraisal Well Spuds
Tuesday, December 04, 2018 The Zama discovery appraisal program will include three penetrations: two wells and one sidetrack.
Accenture Acquires Enaxis Consulting
Tuesday, December 04, 2018 Accenture acquired Enaxis Consulting to help grow its oil and gas business in North America.
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.
Schlumberger's Year-End Frack Forecast is a Lump of Coal
Tuesday, December 04, 2018 Schlumberger believes the North American fracking market - already expected to be a downer for the holidays - is turning out to be even worse than expected.
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.
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