Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.…
JERUSALEM – Israel’s $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.
Natural gas began flowing from Israel’s largest field despite regulatory …
Oil in New York headed for its biggest annual increase since 2016, as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China buoyed the outlook for demand.
West Texas Intermediate futures have climbed …
West Texas Intermediate crude futures have rallied 13% this quarter and nearly 35% this year, putting oil on track to post its best annual performance since 2016. And now big investors are starting to get on board with the …
BASRA, Iraq – Operations resumed at Iraq’s southern Nassiriya oilfield on Monday, the oil ministry said, but it will take up to two days for output to be fully restored, two oil sources said.
Protesters broke into the oilfield, …
Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.
Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data …
Fuel prices rose last week for the first time in several weeks, but that doesn’t mean gasoline costs are back on the rise for long.
The cost of a gallon of regular unleaded jumped nearly 4 cents up to $2.19, while …
NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in …
NEW YORK/SINGAPORE – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of …
Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean.
Exxon Mobil, which made a …
Asian shares were mixed Monday as investors awaited updates on the signing of a trade deal between the U.S. and China and kept a wary eye on North Korea.
Tokyo’s Nikkei 225 index
fell 0.7%, while Hong Kong’s …
There have always been question marks over how OPEC and non-OPEC oil producers would exit their strategy of joint production cuts that have been in place since December 2016, in some form or the other with the participation of …
What’s New This Quarter
Special questions this quarter focus on capital spending in 2020, the price of oil needed to cover firms’ capital spending plans next year and the main causes of flaring in the Permian Basin.
Activity …
Diamond S Shipping Inc. Announces Closing of New $525 Million Credit Facility
…
HOUSTON – Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade …
Oil prices moved higher on Friday following a larger-than-expected drop in U.S. crude inventories, although gains were capped as Russia downplayed output cuts.
Brent crude futures gained 23 cents to trade at $68.15 per barrel, its highest level since mid-September. …
This week’s Baker Hughes rig count shows that U.S. numbers decreased by 8, resulting in the total count decreasing to 805 rigs. Canada decreased over last week by 50 rigs, resulting in a total Canadian count of 99 rigs.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.5 million barrels from the previous week. At 441.4 million barrels, U.S. crude oil inventories …
Oil held above $60 a barrel before U.S. government data forecast to show that crude stockpiles declined again, mitigating concerns that global markets face a renewed surplus next year.
Futures rose 0.4 percent in New York. American crude …
Newsfile Corp
Calgary, Alberta and Houston,Texas— PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“), the Peruvian focused E&P company, is pleased to announce an oil sales contract with PETROPERU S.A. (“Petroperu”), a state owned …
Saudi Arabia and Kuwait signed an agreement on Dec. 24 that ended a five-year-old dispute over two shared oil fields in neutral territory. The deal is likely to benefit American oil giant Chevron.
The agreement that divides the neutral …
TheNewswire
Calgary, AB – Zenith Energy Ltd., (“Zenith” or the “Company”), (LSE:ZEN); (TSXV:ZEE); (OSE:ZENA-ME), the international oil & gas production company, is delighted to announce that it has signed a conditional share purchase agreement (“SPA”) with AIM quoted Anglo African Oil & Gas …
London — Iranian proxy militias are thought to be smuggling crude oil from western Iraq to Syria, picking up a lucrative business left behind by the Islamic State, according to witnesses and people with knowledgeof the illicit …
The agreement over a shared region could bring more oil to the global market and benefit Chevron.
Saudi Arabia and Kuwait said Tuesday that they were ending a long-running dispute over oil fields in a strip of land …
BEIJING/SINGAPORE – China and the United States have agreed terms of a Phase 1 trade deal under which the United States reduced some tariffs and Beijing canceled retaliatory duties that were scheduled to take effect on Dec. 15.
Before …
Business Wire
The Lisa field off shore Guyana has a multi-national group of corporations starting production including ExxonMobil (NYSE:XOM), Esso Exploration, Hess Corporation (NYSE: HES) and CNOOC Limited. -Oil&Gas360.
ExxonMobil today announced that oil production has started from the Liza field …
This week’s Baker Hughes rig count shows that U.S. numbers increased by 14, resulting in the total count increasing to 813 rigs. Canada decreased over last week by 4 rigs, resulting in a total Canadian count of 149 rigs.
Shares of Royal Dutch Shell dipped 0.7% in trade Friday after the firm announced that it will book additional charges against its income in the fourth quarter.
The Anglo-Dutch energy giant said it expects to log a fourth-quarter …
