Wednesday, February 19, 2025
ConocoPhillips

Oil Price Recovery Would Take 18 Months if it Started Today – Continental Resources VP

An Oil & Gas 360® exclusive interview with Kirk Kinnear, vice president of crude logistics and hedging at Continental Resources Market volatility has crude oil prices making huge swings, both up and down, with markets reacting to even just a hint of production cuts with a 10% spike in the price of U.S. benchmark WTI crude oil. Many are predicting

Iraq Valve- oilandgas360

WTI Up 12% on Further Speculation of OPEC Cuts

Hopes of a coordinated cut from OPEC continue to spur WTI prices Prices for U.S. crude oil benchmark WTI were up over 12% at 1:20 p.m. EST today on continued hopes that OPEC would cut production in order to bolster prices. WTI approached 12-year lows yesterday as the global supply cut persisted, until news that OPEC was ready to consider

Rig Count Down 39% Past Six Months

U.S. rig count falls to 541 The U.S. rig count continued to fall in the week ended February 12, 2016, according to the latest information from Baker Hughes (ticker: BHI, BakerHughes.com). In the last six months, the total number of rig counts has fallen 39% to 541 this week. The number of rigs drilling for oil took the brunt of