Game May Not Be Over For Barnett Shale
Barnett Shale France’s Total has beaten a private equity firm to Chesapeake Energy’s Barnett shale assets. The energy major last week said it had exercised its pre-emptive right to acquire Continue Reading
Oil extends decline amid projected rebound in U.S. stocks
Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact Continue Reading
Oil Bears Dominate Market as Doubt Grows Over Output Limits
Speculators boost bets on lower WTI crude prices by 37%: CFTC OPEC, Russia, other producers meet in Algiers on Sept. 26-28 The longer OPEC and other producers talk about a Continue Reading
Why OPEC Will Put The Brakes On At $60 Oil
OPEC says a price near $60 will avoid added shale production Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster Continue Reading
Oil Prices Fall on Dollar Strength, Continued Concerns About Glut
Oil prices fell Friday on a stronger dollar and skepticism that a large drop in U.S. inventories last week marks the beginning of a trend. But prices still posted a Continue Reading
Oil prices plummet after Thursday’s spike
A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia’s energy minister pushed production talks off the table. Data from the U.S. Energy Continue Reading
Natural Gas Rises on Shrinking Surplus
Natural gas prices rose Friday on indications that the glut of the fuel is shrinking. The natural-gas market is oversupplied following a winter of sluggish demand and robust production. However, Continue Reading
Oil Trims Weekly Gain as U.S. Stockpile Plunge Seen as One-Off
EIA data Imports cut as Tropical Storm Hermine entered Gulf of Mexico Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a Continue Reading
Oil pulls back after big jump on U.S. crude stock draw
Government data confirmed a surprisingly huge drawdown in U.S. crude inventories. London Brent crude for November delivery LCOc1 was down 36 cents at $49.63 a barrel by 0023 GMT. It Continue Reading
Oil Rises on U.S. Inventory Data
Oil prices rose Thursday as markets braced for potentially hectic trading after an extremely bullish U.S. inventory forecast from industry body the American Petroleum Institute late Wednesday. The November contract Continue Reading