U.S. oil rig count falls to lowest since Feb 2018: Baker Hughes
(Reuters) – U.S. energy firms this week cut the oil rig count to the lowest since February 2018 as drillers follow through on plans to reduce spending with crude prices Continue Reading
Democrats Highly Divided On Climate Policy
The Democrat party is torn again between its more progressive members who want to make the Presidential election in 2020 all about the climate and those members who are more Continue Reading
Gazprom: Nord Stream-2 Danish part to be built in five weeks maximum – Ifax
Russian state gas giant Gazprom’s chief executive Alexey Miller said on Friday that construction of the Danish section of the Nord Stream-2 pipeline would take no more than five weeks, Continue Reading
Russia ‘fearful’ of America’s rising energy exports: U.S. envoy
Russia has criticized U.S. efforts to supply natural gas to Europe because it is “fearful” of free-market competition, Washington’s top energy diplomat said this week, in comments that reflect growing Continue Reading
European oil majors brave sanctions risk to sign new energy-cooperation deals with Russia
European oil majors including Shell and OMV signed new cooperation deals with Russian energy companies during the St. Petersburg International Economic Forum this week, in a sign that they were Continue Reading
Crude oil futures rise after news of possible Mexico tariff delay
Crude oil futures extended their gains in mid-morning trade in Asia Friday, after optimism emerged in the market following news of a possible delay in US tariffs on Mexico. At Continue Reading
Oil jumps 2% helped by Falih comment on prices
Oil prices jumped more than 2% on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers may extend their output reduction deal. Brent Continue Reading
Oil Industry Banks On Shaky Plastic Bet
Even as oil demand is beginning to weaken this year due to a brewing economic slowdown, the oil industry faces a longer-term threat to oil demand as bans on plastic Continue Reading
Oil Just Had Its Worst Run Since 2008
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is Continue Reading
Morgan Stanley sees lower oil prices on trade woes, economic slowdown
Increasing trade tensions and a broader economic slowdown, along with falling oil demand, will overtake supply shortages and lead to lower oil prices, Morgan Stanley said in a research note. Continue Reading