Oil & Gas News

Oil rally slows on surprise crude build
03.04.2019
694
Oil rally slows on surprise crude build
The American Petroleum Institute (API) reported a build in crude oil inventory of 3.0 million barrel…
Oil prices spike on shale slowdown
02.04.2019
984
Oil prices spike on shale slowdown
The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowd…
Expect higher oil prices as OPEC clashes with Trump
01.04.2019
1 021
Expect higher oil prices as OPEC clashes with Trump
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be…
Big oil is heading offshore
01.04.2019
1 081
Big oil is heading offshore
Oil companies will this year increase their investments in offshore drilling for the first time afte…
Trump’s order to open arctic waters to oil drilling was unlawful, federal judge finds
31.03.2019
947
Trump’s order to open arctic waters to oil drilling was unlawful, federal judge finds
In a major legal blow to President Trump’s push to expand offshore oil and gas development, a…
US oil output slips in January, hits monthly record in December, new data show
30.03.2019
696
US oil output slips in January, hits monthly record in December, new data show
U.S. oil production slipped in January, but fresh data from the Department of Energy show the nation…
US crude posts its best quarter since 2009, jumping 32 percent year to date
30.03.2019
765
US crude posts its best quarter since 2009, jumping 32 percent year to date
Oil prices rose on Friday, on track for their biggest quarterly rise in a decade, as U.S. sanctions…
New Middle East alliance shakes world powers
29.03.2019
959
New Middle East alliance shakes world powers
A new bloc is emerging in the greater Middle East with the declared objectives of dominating the ent…
Oil price rally will continue into the next two quarters despite dip, experts say
28.03.2019
814
Oil price rally will continue into the next two quarters despite dip, experts say
Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S…
Imperial Oil resumes crude-by-rail shipments amid bottleneck
28.03.2019
754
Imperial Oil resumes crude-by-rail shipments amid bottleneck
As Canadian crude oil struggles with crippling rail bottlenecks, it is of minor comfort that Canada&…
BP's focuses $100 million on reducing emissions
27.03.2019
804
BP's focuses $100 million on reducing emissions
BP has announced that it has established a $100 million fund for projects that will deliver new gree…
Infected U.S. shale oil is being turned away by Asian buyers
27.03.2019
1 332
Infected U.S. shale oil is being turned away by Asian buyers
The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the w…
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