The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin …
North Dakota’s State Industrial Commission has released new production numbers for 2018, covering the months of January and February.
In January the state produced 36.6 MMbbls of oil, or 1.2 MMBOPD, and 64,226,435 Mcf, or 2,071,820 Mcf/day.
February was another …
Total U.S. crude production reached 10 MMBOPD in November 2017 and …
From Reuters
NEW YORK (Reuters) – Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas …
Oil and gas companies are beginning to take a more measured approach to growing even as oil prices hover above $55 per barrel, a move …
Saudi Arabias move to dispel doubts over Russia’s readiness to extend output curbs sent WTI and Brent crude oil benchmark prices up 2.32% and 2.10%, respectively.
Recently Saudi Arabia’s Energy Minister Khalid AL-Falih said that OPEC will announce the extension …
From Reuters
NEW YORK (Reuters) – Oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the …
Oil and gas industry signals were mixed this week, as the rig count and natural gas prices dropped, but oil prices rose.
U.S. drilling activity declined this week, with four land-based rigs shutting down. There are …
Crude oil inventories decreased by approximately 6.3 million barrels in the week ended June 30. The draw beat consensus, which expected stockpiles to fall by …
OPEC’s meeting to decide the future of production cuts is quickly approaching, and many expect that the group will extend their deal through at least the end of this year.
The production cuts, when they were first initiated, helped to …
In its recently released Short Term Energy Outlook, the EIA outlined its predictions for global production and consumption through 2018.
An increase in production and seasonal drop in …
From Reuters
* Unsold cargoes linger due to glut of light oil
* U.S. oil more competitive after Brent’s OPEC boost
* Planned cuts are mostly to sour crude
LONDON, Dec 16 Nigeria, one of two OPEC countries completely shielded …
Oil prices rose to a three-week high Monday as investors continue to bet that OPEC will come to an agreement on production. While international crude oil benchmark Brent and U.S. benchmark WTI are still about …
Oil prices slipped Monday morning over concerns of global oversupply despite promises from OPEC leader Saudi Arabia that the group would work to limit production at its next meeting in November. Both U.S. and international crude benchmarks …
U.S. crude oil futures were up over 2% today, extending gains from earlier this week, as the Department of Energy announced a surprise draw in crude oil inventories. The …
Crude oil prices are up today, as the markets remain hopeful that OPEC will come to an agreement and limit its production during its next official meeting in November.
Brent, the global benchmark, …
The current price of oil may feel low given the fading memories of $100 per barrel oil back in 2014. But in a longer term historical context, we are on the …
Oil prices rose today as news that Iran may be ready to join a wider production freeze surfaced.
Both OPEC and non-OPEC producers such …
Oil prices hit 2016 highs today, with U.S. crude benchmark WTI settling above $50 per barrel for the first time since July 21, 2015, when WTI closed at $50.36, …
Oil price has been on a tear as of late with market watchers picking away at any scrap of data coming from the oil sector as to when the market will balance. WTI prices have …
Oil prices have staged a recovery over the last few weeks as members of OPEC and other large producers like Russia discuss the possibility of a production freeze. News that the world’s …
The movement of crude oil by rail is down in the United States. Crude by rail shipments reached a peak in October 2014 at 928 MBOPD before trending …
Both U.S. and international crude benchmarks are up over 5% today as rumors of a potential OPEC price floor give new hope of a “fair price for …
The price of both U.S. and international crude oil benchmarks has been fluctuating this morning following news from the Energy Information Administration that crude stockpiles grew by more than 10 million barrels last week. The …
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 …
Bets that crude oil prices would fall below $25 per barrel in March reached an all-time high today.
It is impossible to say exactly where oil prices will be two months from now, but if …
The U.S. rig count has either decreased or remained unchanged for 22 consecutive weeks now. According to information released from Baker Hughes (ticker: BHI) the U.S. rig count fell by 13 in the …
Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark Brent, closed below $30 per barrel today, but some producers are …
The United States crude export ban was lifted less than two weeks ago, and domestic companies are wasting no time transporting American oil abroad.
On December 30, 2015, ConocoPhillips (ticker: COP) and NuStar Energy (ticker: NS) announced its first cargo …
The Energy Information Administration (EIA) forecasts that next month. Despite the trend of more efficient wells, the EIA said it anticipates lower production in all major oil producing …
