Report: LNG Project Sanction Uptick in 2018
There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and Continue Reading
Higher Oil Prices Widen U.S. Trade Deficit
The U.S. trade deficit increased to $48.7 billion in October from $44.9 billion in September amid rising imports and higher crude oil prices, increasing the value of U.S. oil imports, Continue Reading
Oil Slips as OPEC Deal Seen Leading to Potential Shale Surge
U.S. rig count at highest since September, output at record Shale drillers will boost spending 20% in 2018: Evercore Oil retreated amid worries that OPEC’s deal to extend production cutbacks Continue Reading
Oil Prices Wane After Output Cap Extension
Oil prices fell Monday, as the market appeared to look past OPEC’s agreement late last week to extend its crude production cuts through the end of 2018 . U.S. crude Continue Reading
Gasoline Prices Begin To Fall As Demand Tapers Off
Gasoline prices in the United States are slowly falling after a Thanksgiving high, according to emerging data on the fuel’s price points. But drivers should enjoy the current falling prices—because Continue Reading
U.S. energy sector gains drag on oil prices
Steady improvements in the North American energy sector and a forecast about a geopolitical risk premium sent crude oil prices lower early Monday. Members of the Organization of Petroleum Exporting Continue Reading
Oil Falls Below $58 as Rig Count Counters OPEC Curbs Extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. drilling rigs against OPEC’s promise to extend output cuts through the end of next year. Futures fell as Continue Reading
Oil settles up but off highs as Flynn news spooks Wall Street
Oil prices settled up slightly on Friday, but came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump’s exposure Continue Reading
OPEC Extension Sends Oil Prices Soaring
OPEC followed through on its promise, extending the production cuts through the end of 2018, bringing relief to an oil market that had grown jittery in recent days. Oil prices Continue Reading
Oil Price to Rise in 2H18 with OPEC, NOPEC Cut Extension
Supply-demand balance expected to tighten in second half of 2018. The OPEC and NOPEC agreement to keep current production restraints in place through 2018 will contribute to an oil price Continue Reading