Forecast
News
February 09, 2016
Shale patches in the U.S. are pumping out more oil and gas than the government previously thought.
News
February 08, 2016
HOUSTON -- The depressed oil price environment is painting a gloomy outlook for North American E&P companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow, according to new analysis from IHS.
News
February 05, 2016
Cheap crude is a double-edged sword for one of the world’s biggest markets.
News
February 04, 2016
Mozambique and Anadarko Petroleum Corp. are racing to tap gas from one of the biggest discoveries in decades as a global glut looms.
News
February 03, 2016
The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracing will only slow more as 2016 drags on.
News
February 02, 2016
Russia has, in the last week, sent mixed signals about possible cooperation with OPEC to support prices.
News
January 28, 2016
Welcoming the further measures to boost the UK oil and gas industry announced by the Prime Minister at a meeting with senior industry leaders this afternoon, Deirdre Michie, Oil & Gas UK’s chief executive, said: “The Prime Minister has signaled his on-going commitment to the UK oil and gas industry, which we very much welcome."
News
January 26, 2016
Crude futures dropped below $30/bbl on Tuesday, extending the previous day's losses by more than 3%, as persistent worries about oversupply and more signs of a Chinese economic slowdown spooked the market.
News
January 26, 2016
China's oil demand will grow 4.3% this year to surpass 11 MMbpd, compared to 4.8% growth last year, the country's top energy group forecast on Tuesday.
News
January 25, 2016
Libya’s rival political factions must quickly form a unity government to stop the country with Africa’s largest oil reserves from collapsing into a “failed state,” National Oil Corp. Chairman Mustafa Sanalla said.
News
January 25, 2016
The world’s biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabia’s battle with rivals.
News
January 21, 2016
Schlumberger Ltd. posted a fourth-quarter loss as the company cut another 10,000 jobs and took a $1.46 a share charge to account for restructuring as the oil market downturn deepened.
News
January 08, 2016
Iran’s diplomatic rift with regional rival Saudi Arabia will stiffen the challenge it faces in attracting foreign investment once sanctions on its economy are lifted.
News
January 08, 2016
While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos across the border in Mexico. Welcome to the land of opportunity.
News
December 29, 2015
Petroleos Mexicanos’s plans last year included JVs and higher oil production. For 2016, that’s turned into job cuts and asset sales as it tries to weather the worst downturn in a generation.
News
December 29, 2015
Chesapeake Energy Corp. is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer from the deepest gas-market rout in 16 years.
News
December 24, 2015
Black Ridge Oil & Gas, Inc. today provided an update on the Company to address the recent deterioration in oil prices.
News
December 24, 2015
Oil in New York headed for the largest weekly gain in more than two months as U.S. inventories declined, and the number of drilling rigs fell.
News
December 18, 2015
In the world’s biggest oil market, buyers have better options than U.S. crude.
News
December 16, 2015
An end to the U.S.’s 40-year ban on oil exports is probably not what OPEC needs right now. Yet a resurgent Iran may present a greater threat as it prepares to dump a million bbl on the market next year.
News
December 15, 2015
The collapse of oil prices has claimed its first bankruptcy victim in Norway’s offshore industry, and analysts warn more may follow.
