Crude Oil News

Source: Federal Reserve Bank of Dallas

Dallas Fed: Oil Companies Need $50 per Barrel to Break Even

Source: EnerCom Analytics, Baker Hughes

U.S. Rig Count Drops by Nine This Week

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

U.S. Restricts Exports of Oil Diluents to Venezuela

U.S. Restricts Exports of Oil Diluents to Venezuela

June 7, 2019 - 2:39 pm 360 Articles, Closing Bell Story, Crude Oil News, Law, Trade
Taking questions after OPEC/non-OPEC joint production cut announcement on Dec. 7, 2018: left to right - Alexander Novak, Minister of Energy for the Russian Federation, Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry & Mineral Resources, Suhail Mohamed Al Mazrouei, the UAE Minister of Energy & Industry and president of the conference. Far right: OPEC Secretary General Mohammad Sanusi Barkindo of Nigeria.

World’s Daily Crude Oil Production Up to 75.8 Million Barrels in 2018 while OPEC Output Dips 

June 7, 2019 - 11:52 am 360 Articles, Closing Bell Story, Crude Oil News, E&P, OPEC
Source: Hurricane Exploration

Hurricane Exploration Achieves First Oil at 20,000 BOPD from Two Wells

Geopolitics are Bringing Together Russia and China for Oil Trade

Geopolitics are Bringing Together Russia and China for Oil Trade

AMLO’s Pemex Gamble Gets a Warning

AMLO’s Pemex Gamble Gets a Warning

Saudis, Russia Determine the Future of OPEC+ Cuts this Month

Saudis, Russia Determine the Future of OPEC+ Cuts this Month

Crude Oil Inventories Surge

Crude Oil Inventories Surge

Photo by Mike Goldwater"

Russia’s May oil output hits 11-month low on dirty oil crisis

Brent Oil Sinks Under $60 as U.S. Storage Jumps Most in 30 Years

Brent Oil Sinks Under $60 as U.S. Storage Jumps Most in 30 Years

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

Total declares force majeure on jet fuel at Germany’s Leuna refinery

Total declares force majeure on jet fuel at Germany’s Leuna refinery

A Rough Day at the Park for Crude Oil

A Rough Day at the Park for Crude Oil

Gulf of Mexico in 2019: Some Months May ‘Touch the 2 MMBOPD Ceiling’ – Rystad

Gulf of Mexico in 2019: Some Months May ‘Touch the 2 MMBOPD Ceiling’ – Rystad

Saudi Arabia is Burning Less of its Crude Oil for Power

Saudi Arabia is Burning Less of its Crude Oil for Power

Source: Apollo Portfolio Management

Apollo Portfolio Company Announces Bakken Acquisition

Continental Resources to Shareholders: ‘This is For You’

Continental Resources to Shareholders: ‘This is For You’

Oil Teeters on Edge of Bear Market

Oil Teeters on Edge of Bear Market

Source: Sentinel Midstream

Another Deepwater Port to Export Crude

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Source: Baker Hughes

U.S. Adds One Rig for a Total Rig Count of 984

Finding Costs Drop to 10-Year Low

Finding Costs Drop to 10-Year Low

Crude Oil Inventories Decrease

Crude Oil Inventories Decrease

Rig Count Drops to 983

Rig Count Drops to 983

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks

Here is How Iran Would Carry Out a Plan to Disrupt Global Oil Trade

Here is How Iran Would Carry Out a Plan to Disrupt Global Oil Trade

Rough Day for Oil: Crude Plunge Approaches 6%

Rough Day for Oil: Crude Plunge Approaches 6%

Crude Oil Inventory Build Continues

Crude Oil Inventory Build Continues