Oil prices were up about 1% to the highest in more than three months on Thursday, boosted by hopes that the China-U.S. trade fight would soon come to an end and by a report showing lower U.S. crude inventories. — Read on www.reuters.com/article/us-global-oil/oil-up-1-at-highest-since-september-on-trade-pact-and-crude-supplies-idUSKBN1YU02M Advertisements
Today’s U.S. Energy Information Administration (EIA) inventories report, due to be released at 14:30 GMT, should set the tone today. Traders are looking for a 1.3 million barrel build. — Read on www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-prices-weaken-after-api-reports-surprise-build-eia-on-tap-571873Read more "Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Surprise Build, EIA on Tap"
The total value of oil and gas mergers and acquisitions (M&A) deals in the U.S. in the first quarter slumped to its lowest level in ten years as the deals market failed to recover from the oil price and equities slump in Q4 — Read on oilprice.com/Latest-Energy-News/World-News/Value-Of-US-Oil-Gas-MA-Deal-Sinks-To-10-Year-Low-In-Q1.htmlRead more "Value Of U.S. Oil & Gas M&A Deal Sinks To 10-Year Low In Q1 | OilPrice.com"
Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch — Read on www.marketwatch.com/story/oil-prices-rise-as-api-data-reportedly-show-a-surprise-decline-in-us-crude-supplies-2019-02-26Read more "Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch"
U.S. oil prices settle lower Wednesday, at the lowest in almost eight months, after a government report revealed that domestic crude supplies rose for a seventh week in a row, and gasoline stockpiles unexpectedly climbed. — Read on www.marketwatch.com/story/oil-prices-improve-from-multimonth-lows-as-weekend-opec-meeting-looms-2018-11-07Read more "U.S. oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row – MarketWatch"
HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and […]Read more "U.S. oil service firms face tough quarter despite high crude prices | Reuters"
Limited spare production capacity should help to support crude in coming months. — Read on www.bloomberg.com/view/articles/2018-10-14/oil-demand-is-falling-just-don-t-expect-prices-to-followRead more "Oil Demand Is Cooling. Just Don’t Expect Prices to Follow – Bloomberg"
After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available. Monthly oil production in July was […]Read more "Move Over, Permian. Bakken’s Making a Comeback. | Rigzone"
Are you interested in financing, or acquiring oil and gas assets? The industry is booming and there can be a lot of upside for savvy investors. The first step is to understand the mineral worth of the property you’re interested in. Here are a few pointers for the valuation process, if you’re looking to strike […]Read more "Valuating Oil and Gas Assets? Here is some advice. | PetroValues Blog"
Oil drillers are burning excess natural gas to keep the crude oil ﬂowing. Natural gas is mostly a byproduct of crude oil drilling in the Permian Basin. So the shortage of pipeline capacity to transport the gas to market has played a role in companies burning — or ﬂaring — large amounts of natural gas […]Read more "Burn, baby, burn: Natural gas is cheap, and Texas drillers are flaring more of it | Economic Snapshot | Dallas News"