NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]Read more "Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters"
Oil futures drop Wednesday to settle at their lowest in more than a year, sending U.S. prices sliding toward $50 a barrel, on the back of a 10th straight weekly rise in U.S. crude stockpiles. — Read on www.marketwatch.com/story/oil-prices-churn-as-us-inventory-climb-expected-2018-11-28Read more "Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch"
Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.phpRead more "Continued consolidation expected in Permian – Midland Reporter-Telegram"
High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.phpRead more "High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA)"
Michigan Gov. Rick Snyder hopes to use the final weeks of his tenure to lock in a deal allowing construction of a hotly debated oil pipeline tunnel beneath a channel linking two of the Great Lakes — a plan his successor opposes but may be powerless to stop. The two-term Republican and his team are […]Read more "Outgoing Michigan governor pushing for Great Lakes pipeline – ABC News"
Leading House Democrats, weeks away from taking over the majority in the lower chamber, are demanding records and information from the Trump administration’s rollbacks of numerous climate change policies at the Environmental Protection Agency (EPA — Read on thehill.com/policy/energy-environment/417615-house-dems-probe-trumps-climate-rollbacksRead more "House Dems demand records on Trump’s climate rollbacks | TheHill"
HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]Read more "Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters"
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]Read more "U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters"
LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and […]Read more "Digitalization can save oil upstream business $73 billion a year: Woodmac | Reuters"
The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"