Oil & Gas News

Brent crude oil drops below $50, tumbling nearly 4% on concern over rising output
31.05.2017
2 015
Brent crude oil drops below $50, tumbling nearly 4% on concern over rising output
Brent crude oil prices fell to a three-week low on Wednesday on news that Libyan output was recoveri…
Oil falls as rising Libyan, U.S. output undermines cuts
31.05.2017
1 944
Oil falls as rising Libyan, U.S. output undermines cuts
Oil prices fell by one percent on Wednesday, as rising output from Libya added to concerns about inc…
Once Costly Deep-Sea Oil Turns Cheap, to OPEC's Dismay
31.05.2017
3 171
Once Costly Deep-Sea Oil Turns Cheap, to OPEC's Dismay
Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exagger…
Oil slips on oversupply worries despite OPEC deal
30.05.2017
1 814
Oil slips on oversupply worries despite OPEC deal
Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big export…
Oil slides as Goldman Sachs lowers forecasts for 2017 crude prices
30.05.2017
2 358
Oil slides as Goldman Sachs lowers forecasts for 2017 crude prices
Goldman Sachs predicts $50 per barrel for WTI oil in 2018 to 2020. The company sees average WTI cru…
Russian Energy Minister: Oil Markets To Re-balance In Q3 2017
30.05.2017
1 882
Russian Energy Minister: Oil Markets To Re-balance In Q3 2017
Crude oil prices fell more than 5 percent Thursday after OPEC extended a production cut deal which h…
OPEC Extends Cuts, Oil Prices Fall: What It Means
29.05.2017
3 700
OPEC Extends Cuts, Oil Prices Fall: What It Means
OPEC extended oil production cuts last week and oil prices plunged. OPEC's goal was to keep&nbs…
SPR sale mooted by US government
27.05.2017
2 551
SPR sale mooted by US government
The US executive has called for the sale of 270 million barrels of oil from the Strategic Petroleum…
OPEC extends oil production cut
26.05.2017
2 108
OPEC extends oil production cut
The oil cartel OPEC has agreed to extend production cuts into 2018 in an effort to end a g…
Oil & Gas stocks under scanner-Transocean, SeaDrill, Whiting Petroleum, and Pioneer Energy Services
26.05.2017
2 083
Oil & Gas stocks under scanner-Transocean, SeaDrill, Whiting Petroleum, and Pioneer Energy Services
Shares in Vernier, Switzerland-based Transocean Ltd rose 1.05%, ending Tuesday's trading session…
Capex increases among China’s NOCs to boost shale development
26.05.2017
2 180
Capex increases among China’s NOCs to boost shale development
Shale gas development in China is expected to benefit from an overall boost in capital expenditure b…
Trump wants to sell half of emergency US oil reserve
24.05.2017
2 416
Trump wants to sell half of emergency US oil reserve
The federal government has stashed away nearly 700 million barrels of oil to shield Americans from a…
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