U.S. Oil-Rig Count Rises by 6
The number of rigs drilling for oil in the U.S. rose by 6 to 747 in the past week, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading
No Respite For Oil Prices As U.S. Rig Count Gains, Canada Adds 27 Rigs
The number of active oil and gas rigs in the United States rose again this week by 6—making 22 weeks of gains, continuing the longest growth streak in oil and Continue Reading
Analysis: Rising US crude oil exports complicate rebalancing efforts
One reason for the bearish narrative gripping the oil market of late has been that draws in US crude stocks have essentially come at the expense of the rest of Continue Reading
Funds pull back from Permian as U.S. shale oil firms go into overdrive
Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest U.S. oilfield. But one group of investors is heading the Continue Reading
Russia’s Central Bank sees mid-term risk from oil prices
Russia’s Central Bank cuts its key lending rate, saying there are mid-term risks present from lower-than expected crude oil prices. File photo by DyMax/Shutterstock June 16 (UPI) — Crude oil Continue Reading
Russia’s Central Bank Sees Oil Prices Down To $40 In 2018-2019
In view of the current price movements and the oil market outlook, Russia’s central bank is keeping its oil price forecast for this year at US$50 per barrel, and still Continue Reading
Solar Power Will Kill Coal Faster Than You Think
Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than Continue Reading
Big Oil Firms Are Exploring a New Frontier in Shale: Profits
For Bruce Niemeyer, the Chevron Corp. executive overseeing the company’s $15 billion expansion here, one question looms above all: Will we make money? Big oil companies including Chevron, Exxon Mobil Continue Reading
Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut
U.S. supplies remain 100 million barrels above 5-year average Libya sees its output reaching 1 million b/d by end of July Oil headed for the longest run of weekly losses Continue Reading
Oil Falls to New Seven-Month Low on Surplus Stocks
Oil prices slipped again Thursday, guided lower for a second-straight session by an unexpected increase in gasoline stockpiles. Light, sweet crude for July settled down 27 cents, or 0.6%, at Continue Reading