News

Oil and Natural Gas News
May 13, 2019
Contortions abound in Canadian energy politics.
May 13, 2019
The US Bureau of Land Management reported an unusual accomplishment on May 1. Onshore US crude oil production from federally managed lands during fiscal 2018 reached a record 214,144,945 bbl from the smallest footprint of acreage under lease (25,552,475 a…
May 13, 2019
Chevron USA Inc. has completed its purchase from Petrobras America Inc. of all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Pasadena, Tex., and PRSI Trading LLC for $350 million, excluding workin…
May 13, 2019
Abu Dhabi is offering exploration licenses for five blocks in its second international round of oil and gas bidding.
May 13, 2019
The decision by the US government not to extend sanctions wavers for eight countries importing crude oil from Iran could remove around 1.1 million b/d from the market, but Saudi Arabia and several allies can replace the lost barrels, according to Rystad E…
Industry Headlines
May 17, 2019
The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week.
May 17, 2019
Both the WTI and Brent contracts declined Friday but remain positive week-on-week.
May 17, 2019
The OPEC+ joint ministerial monitoring committee meeting on Sunday should be uneventful, at least according to Jefferies.
May 17, 2019
Oil headed for its biggest weekly gain since early April as flaring tension in the Middle East took precedence over an escalating trade war between the world's two biggest economies.
May 16, 2019
Canada's opposition Conservatives will seek to make the country oil independent within 10 years if they win power.