Hurricane Barry

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

August 6, 2019

From Reuters Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand. During the session, Brent traded at a low of $58.81 a barrel, down more than 22% from its peak in April. That decline puts the

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

July 31, 2019

From Reuters Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in U.S. inventories and after the Federal Reserve cut U.S. interest rates for the first time in more than a decade. The front-month Brent crude LCOc1 futures contract, which expired Wednesday, rose 45 cents to settle at $65.17 a barrel. Brent posted a monthly decline

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

July 30, 2019

From Reuters A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. BP’s second quarter contrasts with Total (TOTF.PA) and Norway’s Equinor (EQNR.OL), which posted sharp earnings drops, and builds on a steady recovery after deep cost cuts since the 2014 downturn,

Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

July 12, 2019

From Bloomberg Sabine Pass, Cameron terminals may be in Barry’s path, U.S. natural gas exports have soared amid shale boom Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity. Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

July 11, 2019

From Reuters An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s output, and 1.2 billion cubic feet

Brent Oil in Bear Market as China-U.S. Trade Tensions Mount

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

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