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Finding the trend in volatile oil markets | Bloomberg Professional Services

Bloomberg Market Specialist Zef Lokhandwalla contributed to this article. Background Oil markets have taken traders on a wild ride. Brent crude has more than doubled since its April low and has remained above $40 a barrel since mid-June. The question now for traders is: What’s the next move for oil? The supply-and-demand forecast does not […]

Read More Finding the trend in volatile oil markets | Bloomberg Professional Services
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Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle

Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle — Read on m.chron.com/business/energy/article/Railroad-Commissioner-Ryan-Sitton-invited-to-15146887.php

Read More Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle
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North America To Lead New Non-OPEC Oil Supply  | Rigzone

By 2040, even OPEC, which has long underestimated North American shale, has U.S. crude output going above 17 million b/d. — Read on http://www.rigzone.com/news/north_america_to_lead_new_nonopec_oil_supply-04-feb-2020-160976-article/

Read More North America To Lead New Non-OPEC Oil Supply  | Rigzone
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How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times

Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]

Read More How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times
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The Oil And Gas Situation: Is A Train Wreck Around The Corner?

Sooner or later, Russia, Saudi Arabia and the other party nations to the OPEC-Plus export limitations agreement are going to exhaust their running room for additional cuts. When that happens, the U.S. shale boom will probably come to a rapid halt. — Read on http://www.forbes.com/sites/davidblackmon/2019/02/22/the-oil-and-gas-situation-is-a-train-wreck-around-the-corner/amp/

Read More The Oil And Gas Situation: Is A Train Wreck Around The Corner?

U.S. Shale’s Blows Leave Middle East Oil Producers Staggering

A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. When processed, these grades typically yield a higher amount of fuels like gasoline and naphtha. Light oil pumped in U.S. shale fields is increasingly making — Read on finance.yahoo.com/news/u-shale-apos-blows-leave-063738822.html

Read More U.S. Shale’s Blows Leave Middle East Oil Producers Staggering

Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters

NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.  Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]

Read More Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters
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U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters

If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again.  U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]

Read More U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters

U.S. oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row – 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 http://www.marketwatch.com/story/oil-prices-improve-from-multimonth-lows-as-weekend-opec-meeting-looms-2018-11-07

Read More U.S. oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row – MarketWatch

US is now world’s top oil producer, Energy Department says

The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. — Read on http://www.click2houston.com/news/national/us-is-now-worlds-top-oil-producer-energy-department-says

Read More US is now world’s top oil producer, Energy Department says