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Energy / Crude Oil

Momentum Is Building For Oil

Momentum Is Building For Oil

Feb 01, 2019 at 16:53 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures are trading higher on Friday with the market hovering slightly below highs not seen since November 21. The market is being boosted by…

Baker Hughes Upbeat About 2019

Baker Hughes Upbeat About 2019

Feb 01, 2019 at 16:51 | Tsvetana Paraskova

Baker Hughes, a GE company sees a bright year ahead for its businesses, underpinned by solid growth in key oil and gas regions like the Middle East and the North…

Global Deepwater Oil Production To Hit New Record In 2019

Global Deepwater Oil Production To Hit New Record In 2019

Feb 01, 2019 at 14:10 | Tsvetana Paraskova

Global deepwater liquid production is set to jump by 700,000 bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, thanks to new fields coming on stream…

U.S. Oil Rig Count Falls Sharply As Oil Prices Climb

U.S. Oil Rig Count Falls Sharply As Oil Prices Climb

Feb 01, 2019 at 12:14 | Julianne Geiger

Baker Hughes reported a sharp drop in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling…

ExxonMobil Leads In Exploration Successes In 2018

ExxonMobil Leads In Exploration Successes In 2018

Feb 01, 2019 at 09:55 | Rystad Energy

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil…

Platts: Chinese Independent Refiners Import Less Crude In January

Platts: Chinese Independent Refiners Import Less Crude In January

Feb 01, 2019 at 08:05 | Tsvetana Paraskova

China’s independent refiners—typically known as ‘teapots’—imported a combined 2.72 million bpd of crude oil in January, down by 8.7 percent from December, a monthly S&P Global Platts survey of…

Global Outages Boost Oil Prices

Global Outages Boost Oil Prices

Jan 31, 2019 at 16:25 | Nick Cunningham

Oil prices are on track for strong gains this week, and the price increases are not only the result of the crisis in Venezuela. The oil market received a boost…

The Major Risk That Oil Markets Are Underestimating

The Major Risk That Oil Markets Are Underestimating

Jan 30, 2019 at 17:21 | Nick Cunningham

The U.S. campaign for regime change in Venezuela could drive up oil prices. The oil markets barely budged last week when the Trump administration first recognized Juan Gauidó as…

Softer U.S. Gasoline Demand Weighs On Oil Prices

Softer U.S. Gasoline Demand Weighs On Oil Prices

Jan 30, 2019 at 17:15 | Irina Slav

The latest oil price decline has been blamed on several things, including anxiety about the state of the global economy, the sanction waivers Washington granted Iran’s biggest crude oil buyers,…

The Only Way For The Aramco IPO Is Downstream

The Only Way For The Aramco IPO Is Downstream

Jan 30, 2019 at 11:05 | Cyril Widdershoven

The Aramco IPO fog has been partly cleared up, after Amin Nasser, Aramco’s CEO, opened up to the press during a meeting at the World Economic Forum (WEF)…

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