Oil extended its winning streak to the longest in almost a decade as the Federal Reserve’s wait-and-see approach on interest rate hikes added to a rosier outlook. Oilfield1 Shop Futures rose 0.4 percent in New York, continuing a recovery from a drop of about 40 percent at the […]
This year may be anything but staid for the oil market as Citigroup Inc. predicts wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80 a barrel. After prices were boosted by OPEC’s output curbs in 2017, the U.S. President has shifted […]
US Rig Count: 1,045 (-1) Permit Count: 1,246 (+14) 45 Rigs Waiting to Spud WTI Crude: $57.72 (+0.63%)
US Rig Count: 1,046 (-23) Permit Count: 1,232 (+372) 53 Rigs Waiting to Spud WTI Crude: $57.44 (-1.58%)
Oil prices rise as OPEC cites the success of supply reduction pact Oil prices rose nearly 3% on Tuesday, a sign that the market may finally be stabilizing after years of oversupply. This news was prompted primarily by Saudi Arabian export cuts. In observance of the OPEC-led supply […]
Oil prices tank as OPEC deal on output cuts disappoints traders Oil prices tanked early Thursday after OPEC reached an agreement to cap oil production for another nine months at the same level that couldn’t fix the oversupplied oil market this year. The U.S. oil benchmark fell as […]
Oil prices have dropped over $4 In the last 48 hours bringing the price of oil below $50 a barrel. This is the lowest oil prices have been since last November as crude has held steady over $52-$54 in the last 6 months. Some experts claim this is […]
Oil rose on Wednesday, driven by expectations for a decline in U.S. crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years. Brent crude oil futures were up 32 cents on […]
According to an article from Bloomberg.com significant signs show that the Oil & Gas Industry is shifting from survival mode to growth. It is reported that a number of major oil & gas corporations are making some big moves. More than $11 billion of transactions were announced globally […]
