The US light, sweet crude oil price for the August contract settled at just under $46/bbl on the New York market July 15, rising modestly on better-than-expected Chinese economic statistics, which boosted expectations for China’s oil demand. But a rising US rig count helped cap the gains for July 15 oil prices. Read Full Article…
Light, sweet crude oil prices fell June 3 on the New York market on a combination of a higher rig count, weaker-than-expected job statistics, and a weakening dollar. Oil is traded in dollars and becomes cheaper for foreign buyers when the dollar falls. Read Full Article Here For more great articles: Oil & Gas Journal…
Light, sweet crude prices for June delivery dropped $1 on the New York market Apr. 21 to settle above $43/bbl, down from the session’s intraday high of $44.49/bbl during a volatile trading day, which traders attributed to economic-related comments and statistics by European and US officials. Read Full Article Here For more great articles: Oil…
By LNG World News Estimated natural gas well completions decreased 70 percent in the first quarter of 2016 compared to year-ago levels, the American Petroleum Institute (API) said on Tuesday. According to API, which represents the interests of the oil and natural gas industry in the U.S., exploratory oil completions fell 90 percent compared to…
Total US petroleum deliveries, a measure of consumer demand, gained 2% in February from year-ago levels to average 19.8 million b/d, according to the American Petroleum Institute’s monthly statistics. These were the highest February deliveries in 8 years. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
By Offshore Energy Today.. UK’s Department of Energy and Climate Change (DECC) on Thursday released its December 2015 energy statistics according to which production of crude oil & NGLs and gas rose by 12.8% and 8.5%, respectively. According to DECC, primary energy production rose by 9.0 per cent on a year earlier to 123.1 million…
By -Offshore Energy Today- OSLO (Reuters) – Norway’s oil companies have deepened cuts to their 2016 investment plans, the latest survey by Statistics Norway showed on Wednesday, weakening the crown and heightening expectations of a rate cut by the central bank next month. Norway’s leading industry has hit the brakes due to a 70-percent Read…
Light, sweet crude prices for February fell moderately Jan. 5 on markets in New York and London, which analysts attributed to weaker-than-expected Chinese manufacturing statistics and US factory orders. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
World oil and gas reserves in 2014 showed slight growth, highlighted by reserves additions in the US in the form of tight oil, according to Eni SPA’s 14th edition of its World Oil & Gas Review, an annual statistics report on world oil and gas reserves, production, and consumption. Read Full Article Here For more…
Article Abstract: Oil futures for December gained modestly to settle above $44/bbl on the New York market Nov. 10 as analysts and investors awaited release of the government oil and product inventory statistics. from Oil Exploration & Production News Click Here To Read Full Article Visit Oil Exploration & Production News for more great articles.