Oil Prices Slip As Rig Count Inches Higher
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs , according Continue Reading
Oil prices fall with stock market; Brent marks weekly gain
Oil prices fell on Friday, weighed down by a drop in the U.S. equities market, but Brent still marked a weekly increase, supported by easing trade tensions and a temporary Continue Reading
Price of oil unfazed by strong U.S. GDP figures
Crude oil prices ahead of the start of U.S. trading on Friday were unmoved by strong GDP figures as market watchers wait for the next shoe to drop. The U.S. Continue Reading
Global Oil Discoveries See Remarkable Recovery In 2018
Global discoveries of conventional oil and natural gas are seeing an exciting recovery with discovered resources already surpassing 4.5 billion boe in H1 2018, Rystad Energy analysis shows. The average Continue Reading
Iran Offers India Insurance, Tankers To Keep Oil Shipments
Iran has started to offer India cargo insurance and tankers operated by Iranian companies as some Indian insurers have backed out of covering oil cargoes from Iran in the face Continue Reading
Washington Pressing Tel Aviv For Gas Pipeline To Jordan
The Trump administration is pressing Israel to go ahead with a gas pipeline deal it signed with Jordan a few years ago, writes Israeli reporter Barak Ravid for Axios, citing Continue Reading
Venezuelans become Latin America’s new underclass.
Free-spending Venezuelans once crammed store aisles in foreign countries famously uttering “dame dos” — “I’ll take two.” But the citizens of what was once South America’s richest nation per capita Continue Reading
Lopez Obrador seeks to boost Mexico oil output to 2.5 million bpd from 1.9 million
Mexican president-elect Andres Manuel Lopez Obrador said on Friday his administration will look to boost the country’s crude oil production to 2.5 million barrels per day (bpd) from 1.9 million Continue Reading
Mexico’s Pemex posts $8.2 billion net loss in second quarter
Mexican state-owned oil company Pemex on Friday reported a 163.16 billion peso ($8.2 billion) net loss for the second quarter due to foreign exchange losses and higher costs, according to Continue Reading
Big Oil Profits Fall Short of Crude-Price Rally
The world’s largest oil companies continue to disappoint investors with limited cash payouts and profits that have failed to match the rally in crude, reflecting the fragile nature of a Continue Reading