Wall Street Pouring Money Back Into Oil And Gas
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders Continue Reading
Pipeline Approvals Could Put A Ceiling On Gas Prices
Two new pipelines to be built over the next 12-18 months are likely to bring down natural gas prices on the U.S. market just when they were starting to rise Continue Reading
Arctic Oil Town Fears Future as Imperial’s 1920s Wells Shut
When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” Continue Reading
Suncor Output Hits Record With Oil-Sands Unit at Full Speed
Suncor Energy Inc.’s production rose to a record last quarter after the oil-sands giant took control of the Syncrude processing unit and put it at full throttle. Canada’s biggest energy Continue Reading
British grid drawing power from new offshore wind farm
While only a fraction of the total capacity is realized, Norwegian energy company Statoil said the British grid is getting power from its latest wind farm. Statoil announced its first Continue Reading
Oil stable after drop in U.S. gasoline stocks, but market remains bloated
Oil prices stabilized on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remained under pressure. Brent crude futures LCOc1, the Continue Reading
Oil Edges Higher on Signs of Gasoline Demand
Oil prices closed higher Wednesday as signs of rising gasoline demand negated a larger-than-expected build in inventory levels. Light, sweet crude for March delivery settled up 17 cents, or 0.3%, Continue Reading
OPEC Ministers Say the Market Might Need More Oil Cuts
Oil Declines on Projected U.S. Crude Stockpiles OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, Continue Reading
Some OPEC members bucking trend
An industry survey finds some OPEC members moving against the grain despite near-full compliance with managed production decline agreement. File photo by A.J. Sisco/UPI Feb. 8 (UPI) — Members of Continue Reading
Are These OPEC Members Sabotaging The Output Deal?
OPEC provide a shot in the arm for oil prices this week when S&P Global Platts reported a much higher than expected compliance rate for the month of June. So Continue Reading