2018 Oil & Gas Projects To Break Even At $44 Per Barrel
New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie Continue Reading
Feature: Summer demand pushes March USAC gasoline imports to seven-month high
An ongoing switch to the summer-grade product has helped push US Atlantic Coast gasoline imports to a seven-month in March, according to US Customs data. The USAC imported 11.92 million Continue Reading
NYMEX May natural gas futures down to $2.677/MMBtu on bearish outlook
The NYMEX May natural gas futures was down in morning trading on Thursday, as a mild weather outlook, an expectation for falling demand and continued strong production have put downward Continue Reading
Oil gains on U.S. crude drawdown, easing of tension in U.S.-China spat
Oil prices steadied on Thursday as an easing of trade tensions between the United States and China and a surprise draw in U.S. crude inventories last week supported the market. Continue Reading
Oil inches lower on expectations for U.S. crude stock build
Oil prices slipped on Wednesday on expectations for a build-up in U.S. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts Continue Reading
Oil Prices Inch Higher After API Reports Surprise Crude Draw
The American Petroleum Institute (API) reported a surprise draw of 3.28 million barrels of United States crude oil inventories for the week ending March 30, after analysts had anticipated a Continue Reading
Crude Toys With $64 in `Relief Rally’ as Equities Recover
Dow Jones Industrial Average, S&P 500 both climb higher U.S. crude inventories seen rising 2 million barrels: Survey Oil recouped some losses from this week’s equity-driven selloff as investor appetite Continue Reading
Oil poised near $70 as industry divided over breakout
Oil has started the second quarter at a crossroads after trading in a narrow range so far in 2018 with the industry split over whether crude can sustain any rise Continue Reading
Oil Markets Hit By Financial Turmoil
Over the past few months, a long line of U.S. shale companies has begun a “spring cleaning” of their portfolios, according to Rystad Energy. – U.S. onshore shale companies are Continue Reading
Deloitte: WCS-WTI Oil Price Gap Could Ease In 2018
The wide discounts to which Canadian oil benchmarks are priced to WTI could diminish later this year as increased refinery capacity on both sides of the border would give more Continue Reading