Saturday, July 18, 2026

Concho Resources Said to Pursue Rival Clayton Williams

From Bloomberg Concho Resources Inc., one of the top energy explorers in the oil-soaked Permian Basin beneath Texas and New Mexico, is seeking to buy Clayton Williams Energy Inc., people with knowledge of the matter said. Concho is bidding for Clayton Williams, said the people, who declined to be identified because the matter is not public. Clayton Williams has drawn

Russia to launch trading of new oil class in rubles

From Russia Beyond the Headlines The Russian government is shortly to start selling a new benchmark oil in rubles, priced in a similar range to the popular Brent sort. However, analysts doubt that it will be possible to achieve high sales volumes in a short period of time. In November 2015 Russia will begin selling a new benchmark oil class,

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

WTI Slips to 2.5 Month Low as Oil Inventories Climb for Seventh Straight Week

$40 Oil Prices Coming into View Once Again An inventory build of 4.2 million barrels (MMBO) pushed down the price of West Texas Intermediate (WTI) by nearly 3% in Thursday trading, increasing the United States’ crude stockpile to more than 487 MMBO overall. Crude oil inventories have now increased on a weekly basis for the last seven reporting periods, adding

45% of U.S. Crude Oil Imports Come from Canada

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped into the United States. As of August, imports from Canada were almost three times as much as imports from all