Saturday, August 8, 2026

Unfazed by OPEC, Libya and Nigeria seek to boost oil output

From Reuters Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signaling their intent to raise output next year. While several ministers at the Nov. 30 meeting of the Organization of the Petroleum Exporting Countries suggested the two nations had joined the output-curbing

EQT Sets a Record in the Marcellus

EQT announces $2.4 Billion CapEx which it expects to fund entirely from cash flow Earlier this week Pittsburgh-based EQT Corporation (ticker: EQT) turned in line the longest lateral completed to date by any operator in the Marcellus. The Haywood H18 well in Washington County, PA has a completed lateral length of 17,400 feet and will develop 42 Bcfe of reserves.

Advantage Oil & Gas: $175 Million 2018 Budget from Cash Flow

Advantage Oil & Gas Ltd. (ticker: AAV) said that the company’s board of directors has approved a 2018 capital budget of $175 million. The budget is funded through cash flow and will advance the Montney development and increase liquids production growth through 2018. Other assets at Glacier, Valhalla, Wembley, and Progress will also be developed. Advantage recently developed a four

Weekly Oil Storage: Another Crude Draw, Gasoline Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 5,117 MBBL last week to 442,986 MBBL, from 448,103 MBBL. This is 8% below the 483,193 MBBL that was in storage at this point last year, and is 12% above the five-year