Oil and Gas Prices
News
January 25, 2018
Africa’s top oil producer is learning to ignore crude prices, Nigeria’s Finance Minister Kemi Adeosun said.
News
January 25, 2018
Oil surged to the highest level in more than three years as investors cheered a record run of declines in American crude stockpiles, showing resolve in the face of surging U.S. shale output.
News
January 25, 2018
Saudi Arabia has insisted there’s no connection between plans to sell part of its state oil giant and an OPEC strategy that supports crude prices. But within days, it’s hesitated on the time-frame for both.
News
January 25, 2018
Oil extended its three-year high as a record stretch of declines in U.S. crude stockpiles added to signs that global markets are burning off a chronic surplus.
News
January 24, 2018
Crude popped above $65/bbl for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.
News
January 24, 2018
Twenty-seventeen was an important year of growth and recovery for the upstream oil and gas industry in Texas, according to the Texas Petro Index, which marked its 13th consecutive increase in December by improving to 188.8, nearly 25% higher than then December 2016 TPI of 151.2.
News
January 24, 2018
Oil’s advance slowed after prices hit a new three-year high amid signs that U.S. crude stockpiles increased last week.
News
January 23, 2018
The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve.
News
January 23, 2018
Oil traded near $64/bbl in New York after briefly spiking, ahead of data that may show a record run of U.S. inventory declines.
News
January 23, 2018
The world’s largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas, hoping they can deliver significant cost savings, said people familiar with the matter.
News
January 23, 2018
BBL Commodities believes Brent crude will climb to $80/bbl this year as stockpiles drop rapidly on production cuts made by OPEC and its allies.
News
January 23, 2018
The pledge Saudi Arabia and Russia made to keep working together on managing the oil market beyond 2018 shows the two energy giants are now looking to engineer an orderly exit from the deal.
News
January 22, 2018
Crude futures are little changed, toggling between gains and losses as hints that OPEC may extend its output cuts into 2019 opened concern the curbs may not be working quickly enough.
News
January 22, 2018
Brent crude declined even after Saudi Arabia and Russia pledged over the weekend to continue oil supply cuts.
News
January 21, 2018
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that.
News
January 19, 2018
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
News
January 19, 2018
Russia’s oil producers are enjoying near record crude prices -- in rubles -- and having their best start to the year since 2015. As the nation prepares to discuss its deal with OPEC allies in Oman this weekend, analysts say the good times will continue.
News
January 19, 2018
Plans to export natural gas from Iraqi Kurdistan got a boost after reserves were upgraded at two key fields. Yet successful development still hinges on the region’s turbulent politics.
News
January 18, 2018
Crude pared losses after U.S. government data showed inventories at the nation’s largest pipeline hub dropped by the most on record.
News
January 18, 2018
When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be working just a bit too well.
News
January 18, 2018
Oilfield-service providers are eyeing a rebirth with higher crude prices sowing the seeds for a prolonged period of growth.
