Forecast
News
November 10, 2015
Anadarko Petroleum Corp. approached Apache Corp. about a combination that would be the largest for an independent U.S. oil and gas producer this year and would create an explorer that pumps more crude than OPEC member Ecuador.
News
November 06, 2015
U.S. crude explorers pulled back drilling rigs for a 10th straight week as conviction grows that the worst oil downturn in decades is nearing its bottom.
News
November 05, 2015
In a record downturn for the oil industry, cash is everything to companies and dividends are everything to their investors.
News
November 04, 2015
Mexico isn’t breaking up with U.S. oil refiners, but it sure seems like it wants to see other people.
News
November 04, 2015
An unusually high number of rigs are competing for a Det Norske Oljeselskap ASA drilling contract on the Alvheim oil field in the North Sea, an illustration of how companies are desperate for business as producers slash spending amid a crude-price slump.
News
November 02, 2015
Crude declined from its highest closing level in two weeks as a measure of manufacturing activity signaled contraction for a third straight month in China, the world’s second-biggest oil consumer.
News
October 30, 2015
Iran may roil global oil markets with plans to sell about 45 MMbbl of fuel stored in tankers in the Persian Gulf within three months of the removal of sanctions on its economy, according to analysts.
News
October 30, 2015
Chevron Corp. said its cutting about 10% of its workforce and scaled back its long-term production target amid the worst oil-market slump since the 1980s, even as the company posted third-quarter profit that surpassed analysts’ expectations.
News
October 30, 2015
Husky Energy Inc. plans to keep cutting jobs after eliminating 1,400 positions, the most disclosed by a Canadian energy company in the oil-price slump.
News
October 28, 2015
The decline in international oil prices handed Petroleos Mexicanos its biggest quarterly loss in company history.
News
October 28, 2015
The biggest oil explorers to post earnings so far are bracing for another year of deep spending cuts as the slump in energy markets shows no signs of abating.
News
October 28, 2015
Hess Corp. plans to cut spending by about 27% next year after its oil and natural gas business lost more than $2 million a day during the third quarter.
News
October 26, 2015
Cheniere Energy Inc. plans to ship the first liquefied natural gas cargo from the U.S. in January, joining a flood of supplies that’ll allow buyers access to cargoes from all corners of the world.
News
October 21, 2015
The U.S. Energy Department is offering another $1 billion to companies developing innovative energy systems, Secretary Ernest Moniz will announce Wednesday.
News
October 21, 2015
Oil fell after a government report showed U.S. crude inventories grew by the most in six months.
News
October 20, 2015
Iran will pay foreign oil companies larger fees than it did under previous buyback contracts to attract $100 billion of investments needed to rebuild its energy industry.
News
October 20, 2015
Oil rebounded from a two-week low as traders estimated a seasonal gain in U.S. crude inventories has already been priced in.
News
October 19, 2015
Hedge funds increased bullish oil wagers on speculation that falling investment will diminish the global supply glut.
News
October 16, 2015
Norway, western Europe’s biggest oil and gas producer, warned companies that failing to extract less profitable barrels could weaken their chances of getting exploration blocks in a new area of the Arctic Barents Sea.
News
October 16, 2015
Ten major energy companies declared their support for a global deal to prevent climate change, but stopped short of offering unanimous backing for carbon pricing.
News
October 13, 2015
Iran will need to import about 20% more gasoline to meet pent-up demand in the first year after economic sanctions are lifted, creating a market for some $1 billion in fuel sales from abroad, according to traders and analysts.
