Forecast
News
September 22, 2015
ConocoPhillips, the third-largest North American oil and gas producer, is nearing a deal to sell several Western Canadian assets to various buyers including Canadian Natural Resources Ltd., people with knowledge of the matter said.
News
September 21, 2015
Petroleo Brasileiro SA has canceled five platform-supply vessels from two separate contractors as a rout in oil prices and rising borrowing costs force Brazil’s state-controlled producer to deepen spending cuts.
News
September 21, 2015
Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production.
News
September 21, 2015
Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude.
News
September 21, 2015
U.S. oil prices narrowed their discount to international benchmark Brent as a supply glut in North America abated, even as it grew elsewhere.
News
September 16, 2015
Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task.
News
September 15, 2015
Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October.
News
September 15, 2015
PetroChina Co.’s slump to the lowest in six years may be ignoring the potential value from spinning off its huge pipeline network as part of the country’s energy industry reforms.
News
September 11, 2015
Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such a move was afoot last month drove crude to its biggest three-day gain in 25 years.
News
September 10, 2015
Shale oil producers already awash in a supply glut face added crude as early as next year after an agreement to ease sanctions on Iran cleared a Senate obstacle.
News
September 10, 2015
A renewed plunge in oil prices and the winding down of other financial lifelines is forcing shale drillers to auction off once-prized assets and settle for less in potential deals.
News
September 08, 2015
Israel’s parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports.
News
September 08, 2015
Crude jumped almost 4% in less than two hours in London as a late-day surge in Shanghai stocks spurs investor optimism across global markets.
News
September 04, 2015
Starting in earnest after Labor Day, oil and natural gas companies will begin the twice-yearly pilgrimage to their banks to discuss funding.
News
September 03, 2015
Congress is set to begin consideration of a measure to lift the decades-old ban on U.S. crude exports after a government study concluded the move wouldn’t raise gasoline prices for consumers, people familiar with the plan said.
News
August 27, 2015
Schlumberger Ltd.’s takeover of Cameron International Corp. could inspire more dealmaking.
News
August 27, 2015
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
News
August 27, 2015
If there was any question over whether this year’s oil crash would give rise to a new era of energy megadeals, there isn’t anymore.
News
August 26, 2015
Ecuador has revealed the financial stress inside OPEC created by low oil prices, becoming the first member of the group to say it’s pumping at a loss.
News
August 25, 2015
Oil at $77? It is in Argentina. Oil has plummeted below $39/bbl in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home to some of the most expensive crude in the world.
News
August 25, 2015
Crude at $40/bbl is unsustainable and prices will have to rise as supply drops out of the market, according to Norway’s Oil Minister.
