oil and gas
oil and gas Articles
U.S. crude oil production from seven major onshore shale plays is expected to rise 111,000 barrels a day month over month to a year-over-year increase of 1.8 million barrels a day.
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BP's long financial nightmare may be close to an end. Whether this ends the environmental effect of the incident is less clear.
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"Jumanji: Welcome to the Jungle" topped the box office last weekend, bitcoin's priced collapsed, oil prices have surged to multiyear highs, and other important headlines.
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As crude oil production cuts from members of OPEC and its allies slowly drain global stockpiles, the price of benchmark Brent crude has risen to around $70 a barrel. At that level, more drilling...
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24/7 Wall St. has tracked 15 major energy analyst calls in the major oil and gas stocks made so far in 2018 that should be given a second look.
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The U.S. land rig count jumped by 15 this week. The increases to both oil and gas drilling are a result of recent price increases that are finally moving producers to increase spending on drilling.
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A barrel of benchmark Brent crude oil traded above $70 in London on Thursday, the first time Brent has reached that level in more than three years. Higher consumer prices are likely to follow.
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U.S. natural gas stockpiles posted their largest-ever weekly storage withdrawal last week as the nation responded to very cold temperatures along the east coast and into some parts of the South.
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The December 29 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks decreased.
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SM Energy has announced the sale of more than 110,000 acres in the Powder River Basin for $500 million in cash to an unidentified buyer.
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U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
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Nine Energy Service expects to price its 7 million shares in the range that results in an initial public offering valued up to around $185 million.
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Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again.
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With the OPEC production cuts helping to thin out bloated inventories, and demand remaining very robust, the oil service companies may be set for a very solid year.
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The major winter storm driving through the northeast U.S. sent natural gas spot prices delivered to New York City to an all-time high on Wednesday.
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