UK’s Tullow to halt UK natural gas production in Q3 as fields reach life-end
The UK’s Tullow Oil said Wednesday it would cease all natural gas output from its assets in the UK Southern North Sea in the third quarter of this year in Continue Reading
UK Needs A Fracked Well A Day To Reduce Gas Imports
The UK will need to have one well per day fracked in the period between 2021 and 2035 if it wants to reduce its natural gas imports by 50 percent, Continue Reading
French oil major Total’s first-quarter profits lifted by record production
Record output and high oil prices helped French oil and gas major Total ( TOTF.PA ) report a consensus-beating rise in net adjusted profit during the first three months of Continue Reading
Oil dips away from late-2014 highs as rising U.S. supply clouds bull-run
Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Brent crude Continue Reading
Higher Oil Prices Could Unleash Market Turmoil
While traders have been closely following the push higher in 10Y yields, which rose as high as 2.996 percent on Monday, as well as the dramatic short squeeze in the Continue Reading
Oil Prices Tumble After Brent Breaks $75
Natural gas production in Pennsylvania topped 15 billion cubic feet per day (Bcf/d) in 2017, a 3 percent increase from the year before. – The Marcellus and Utica shales are Continue Reading
Goldman: Oil Demand Will Continue To Soar
Oil demand is growing, and production is falling. This is the message we have been receiving for a few weeks now with increasingly frequency, especially after OPEC’s leader Saudi Arabia Continue Reading
High gas prices not yet crimping demand
Higher retail gasoline prices in the United States aren’t doing much yet to crimp demand, which is testing multi-year highs, a market reports find. Motor club AAA reported a national Continue Reading
Surprise Build In Crude Oil Stocks Rattles Market
The American Petroleum Institute (API) reported a surprise build of 1.099 million barrels of United States crude oil inventories for the week ending April 20, contrary to analyst expectations that Continue Reading
Is This The Most Bullish Oil Market Of All Time?
Money managers are overwhelmingly betting that oil prices will continue to rise in the short term as geopolitical wild cards trump concerns that U.S. shale and other non-OPEC supply growth Continue Reading