Thursday, January 23, 2025
Cushing oil storage tanks -oilandgas360

Oil Supply is Rebalancing Now: SG, RBC

More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by Societe Generale and RBC Capital Markets. When OPEC first agreed to cut production in November, it was hoped that six months of reduced production would be enough to rebalance the oil market and draw down

Cabot Oil and Gas Adding 60 Marcellus, 30 Eagle Ford Wells in 2017

Cabot Oil and Gas (ticker: COG) is building steadily within its core Marcellus and Eagle Ford assets, through cost reduction in drilling and completions and through the addition of wells in both areas. In its Marcellus play, Cabot expects to drill 60 wells and complete 51 over the course of 2017. This development is on top of an existing 517

Saudi Arabia Cuts Ties with Qatar

Egypt, UAE, Bahrain, Yemen, Libya, Maldives join in Several major powers in the Middle East cut diplomatic ties with Qatar today, including fellow OPEC members Saudi Arabia, the UAE and Libya, citing the country’s support of terrorism. Saudi Arabia, Egypt, UAE and Bahrain each ceased relations with Qatar in an arranged diplomatic move, which was later echoed by Yemen, Libya