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Oil Prices Sag As Investors Turn Bearish

Oil hit a low of $47 dollars before US government expected crude inventories would dip during a season of strong demand. The black stuff has struggled below $50 as investors fear a global gut is dwindling slower than previously thought as rising stockpiles offsets cuts by the Organization of Petroleum Exporting Countries. US oil rigs […]

Crude oil prices up in Asia as Trump unveil steady course in Afghanistan

Crude oil rose in Asia on Tuesday as President Donald Trump laid out a strategy for keeping troops in Afghanistan after 16 years, though promising a tougher and more pragmatic approach to supporting the government in Kabul and working with partners such as Pakistan. On the New York Mercantile Exchange crude futures for October delivery […]

Oil prices rise on signs of gradually tightening market

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at $52.06 a barrel by 0715 GMT. U.S. light crude was 35 cents higher at $47.72. “U.S. crude oil stocks have been falling consistently in recent weeks,” said Fawad Razaqzada, […]

Why the $50 Mark Looks so Hard for US Crude Oil Prices

Between August 11–18, 2017, US crude oil (USO) (USL) (DBO) October futures fell 0.6% and settled at $48.66 per barrel on August 18, 2017. It was the third-straight weekly loss and the third in the row in August. US crude oil production above the mark of 9.5 million barrel per day could be the main reason […]

Energy industry wants brakes pumped on regulatory rollbacks

WHERE ARE THE BRAKES ON THIS ROLL BACK? Even as they’re publicly touting the efforts of President Donald Trump to roll back regulations, some oil and gas companies are increasingly worried the administration may go too far, Pro’s Ben Lefebvre reports. A dozen executives, lobbyists, lawyers and analysts are worried about the fallout if the […]

Oil prices fall after rally encourages profit-taking

Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. Benchmark Brent crude futures LCOc1 were down 15 cents at $52.57 a barrel at 1214 GMT, after surging more than […]

Russia claims to have invented an alternative to fracking

Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil production by between 1.7 and 6 times, Russia’s news agency RIA Novosti reports, citing the University of Tyumen’s press service. In hydraulic fracturing, rocks are fractured […]

Libya Halts Biggest Oil Field Loadings in Latest Disruption

Libya halted loadings from its biggest oil field in the latest disruption to the OPEC nation’s crude production and shipments. Force majeure was declared since Saturday on shipments from Sharara, made through the Zawiya export terminal, state-run National Oil Corp. Chairman Mustafa Sanalla said Monday by phone. Force majeure is a legal status protecting a party […]

Is Boone Pickens Wrong On Natural Gas?

Bloomberg is attempting to make the case that Tesla’s CEO Elon Musk and cheap gasoline prices have driven natural gas away as an economically viable vehicle fuel. But that does not seem to be the case if you look at the role compressed natural gas (CNG) and liquefied natural gas (LNG) has been playing on […]

Dallas Fed: Permian production will continue to rise

Energy markets in the Federal Reserve’s 11th District were “moving sideways” in July, according to the monthly energy indicators issued by the Federal Reserve Bank of Dallas. Kunal Patel, the senior research analyst who prepared the report, told the Reporter-Telegram he attempts to highlight interesting trends in the monthly reports, the fourth of which was […]