|Day's Range||58.93 - 60.30|
On the presumption that OPEC's oil-production restraint appears to be working, some exploration companies are well-positioned for upside, Wells Fargo analysts conclude. Analysts Roger D. Read and Lauren ...
Since the beginning of this year, Anadarko Petroleum (APC) stock has mostly been in a downtrend, along with most of the energy stocks.
The sharp rebound in U.S. shale oil production is showing no signs of tapering off and will likely keep a lid on oil prices in coming years even as OPEC continues to cut production, according to a number ...
December US crude oil (UCO) (USL) (OIL) futures contracts were trading flat at $52.26 per barrel in electronic exchange at 2:20 AM EST on October 19, 2017.
On October 18, natural gas November futures closed at $2.85 per MMBtu (million British thermal units)—3.6% below the last trading session's closing price.
Last week (ended October 13, 2017), the natural gas rig count fell by two to 185, but on a YoY (year-over-year) basis, the natural gas rig count rose 76.2%.
Anadarko Petroleum (APC) plans to release its 3Q17 earnings on October 31, 2017, after the markets close. Its 3Q17 revenue estimate stands at ~$2.4 billion.
In an interview with Bloomberg, Norway’s Energy Minister Soviknes said that he expects strong long-term demand for crude
The EIA estimates that crude oil inventories fell by 5.7 MMbbls to 456.4 MMbbls on October 6–13, 2017—the lowest levels since August 25, 2017.
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC's secretary general said on Thursday, with the potential for continuation throughout 2018 forming a basis for talks. The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, are cutting oil output by about 1.8 million barrels per day (bpd) until March 2018 in an attempt to eradicate a supply glut that has weighed on prices. OPEC Secretary General Mohammad Barkindo, in a briefing with reporters on Thursday, said that Russian President Vladimir Putin's suggestion this month that the deal could be extended to the end of 2018 were being taken "seriously".
The open season for Marathon Petroleum's (MPC) Capline Pipeline will gauge the interest of shippers in the reversal of the pipeline.
The correlation coefficient between Nabors Industries’ (NBR) stock price and crude oil prices from October 12, 2016, to October 12, 2017, was 0.63.
OPEC secretary-general Mohammad Barkindo on Thursday struck a remarkably upbeat tone on the outlook for the oil industry, saying the market is balancing at an “accelerated pace” and that demand will continue ...
Canada's main stock index clawed its way into positive territory on Thursday as modest gains in the influential financial group helped offset see-sawing energy and materials stocks. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 10.2 points, or 0.06 percent, to 15,792.36. Of the index's 10 main groups, six were in negative territory.
South Africa's mineral resources minister said on Thursday the government remains committed to shale gas exploration despite a court order revoking fracking regulations that pushes back plans to award the first exploration licenses by 2019. Farmers lobby AgriSA had said earlier that the High Court had issued an order quashing regulations governing proposed shale gas fracking in the Eastern Cape, one of the main areas where proposed shale gas exploration could take place.
A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday. The Organization of the Petroleum Exporting Countries and other leading global oil producers led by Russia have agreed to cut their combined output by almost 1.8 million barrels per day to remove excessive oil from inventories and prop up prices. "The analysis shows that the announced goal of inventories stabilization has not been fully implemented and it is too early to talk about a watershed in the global market," Sechin told an industry forum in Verona on Thursday.
South Africa remains committed to shale gas exploration and was studying a court order revoking fracking regulations as it pushes to award the first exploration licenses by 2019, the mineral resources ...
Pioneer Natural Resources will quadruple oil exports within a year, reflecting an expected surge in U.S. exports as shale output rises, Chief Executive Tim Dove said on Thursday. Pioneer, one of the largest oil producers in the Permian Basin of West Texas and New Mexico, exported three cargoes of 500,000 barrels of oil in the third quarter and is expected to ship four in the fourth quarter. The number is expected to rise to 13 cargoes by the same time next year, Dove told the Oil & Money conference.
By Bernadette Christina Munthe and Fransiska Nangoy JAKARTA, Oct 19 (Reuters) - Indonesian exports of crude palm oil likely inched down in September from the month before, while output in the world's top ...
Investing.com - Gold prices slipped slightly in Asia on Thursday with investors not fussed by largely upbeat regional data sets and looked for demand cues from India as the government moves to clamp down on export traders.