Vista Oil & Gas seals $700m Argentina deal
Six months after bursting on to the Mexican stock market with the third-biggest initial public offering since 2015 and the promise to become a Latin American energy champion, Vista Oil Continue Reading
Refiner goes belly-up after big payouts to Carlyle Group
Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little Continue Reading
Oil hits highest in nearly two weeks on Asian equity recovery
Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew Continue Reading
Riding the Wave The Dated Brent benchmark at 30 years old and beyond
Global crude markets are changing at an unprecedented pace. Across all key oil-producing regions, markets look vastly different today than they did even three years ago, and it has become Continue Reading
OPEC And Shale Keep Oil Prices Between $60-$75
The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices Continue Reading
Oil Closes at One-Week High
Oil prices closed at a one-week high on Friday, recouping losses as optimism over the crude market rebalancing outweighed concerns about shale production. Light, sweet crude for March delivery rose Continue Reading
Oil gains in weekly recovery on equities rebound, weak dollar
NEW YORK (Reuters) – Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude’s recovery from last week’s slide. Global Continue Reading
Oil futures settle higher on equities strength
Oil futures settled higher Friday, lifted by the resurgence of equities and pressure on the US dollar against other major currencies. NYMEX March crude settled 34 cents higher at $61.68/b. Continue Reading
Italy’s Eni setting production records
Italian energy company Eni said Friday its production level in December reached an all-time high, attributing much of its gain to offshore Egypt. Eni reported December production of 1.92 million Continue Reading
Texas Oil Economist Predicts Record Output in 2018
Oil production in 2018 is set to break records, according to oil economist Karr Ingham. There were talks of record-breaking oil production in 2018 during the Texas Petro Index (TPI) Continue Reading