WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

News

Alt Text

Pioneer Boasts $2 Per Barrel Production Costs

Jul 29, 2016 at 18:08 | Lincoln Brown

Scott Sheffield, the chief executive of Pioneer Natural Resources said on Thursday that improved methods of hydraulic fracturing, or fracking, have cut his company’s costs to approximately two…

Alt Text

Robots Help BHP Billiton Save $500M In Oil Development Costs

Jul 29, 2016 at 18:00 | Tsvetana Paraskova

BHP Billiton’s use of robots drills, 3-D seismic maps and drones has cut years off development at oil sites in Trinidad and Tobago and has helped the miner…

Alt Text

Statoil Buys $2.5B Stake in Petrobras Field

Jul 29, 2016 at 13:08 | Irina Slav

Statoil said it has agreed to buy a 66 percent stake in an offshore Petrobras field in the pre-salt layer. The field, Carcara, is located in the…

Alt Text

Chevron Dips Into Red in Q2 on Continued Price Rout

Jul 29, 2016 at 09:06 | Irina Slav

Chevron booked a net loss of US$1.47 billion for the second quarter of 2016, on the back of the continued oil price depression. This is down from…

Alt Text

Shell Ready to Get Rid of Woodside Stake

Jul 29, 2016 at 08:53 | Tsvetana Paraskova

Royal Dutch Shell has reclassified its 13.6-percent stake in Australia’s Woodside Petroleum and now considers it as “an asset for sale”, The Australian Financial Review reports, citing…

Alt Text

Natural Gas Surges 8% in Biggest One-Day Rise in 2016

Jul 29, 2016 at 08:28 | Tsvetana Paraskova

Natural gas futures soared 8 percent on Thursday, marking their highest one-day jump this year, after government figures showed that the build in the gas inventories last…

Alt Text

Gazprom Considers New LNG Plants Targeting Chinese Market

Jul 28, 2016 at 17:22 | Erwin Cifuentes

Gazprom is looking into constructing small-scale liquefied natural gas (LNG) plants in eastern Russia in order to better serve the Chinese market. Igor Maynitskiy, Head of the…

Alt Text

Long-term Outlook for LNG Shipping is Bright but Vessel Shortage Looms

Jul 28, 2016 at 17:16 | Erwin Cifuentes

A new report from Drewry Shipping expects the shipping market for liquefied natural gas (LNG) to strengthen in the next few years and warned that the number of…

Alt Text

Hess Sues Schlumberger over Faulty Valve

Jul 28, 2016 at 14:15 | Lincoln Brown

Hess Corporation has announced it plans to take legal action against Schlumberger. Hess is looking for US$40 million from Schlumberger over claims that the company provided Hess…

Alt Text

Exxon, Petrochina Table Plan To Ramp Iraqi Oil Output By 500,000 Bpd

Jul 28, 2016 at 14:11 | Tsvetana Paraskova

ExxonMobil Corp and Petrochina Co. have filed offers to develop two oil fields in southern Iraq, which are expected to pump 550,000 bpd, Iraqi Deputy Oil Minister Fayyad…

Oilprice - The No. 1 Source for Oil & Energy News