News

Oil and Natural Gas News
May 23, 2019
The American Petroleum Institute and London-based International Association of Oil & Gas Producers (IOGP) jointly released a position paper outlining ways to increase US LNG exports to countries in the European Union.
May 20, 2019
Real normalcy will come long after mid-May “normalization” promised for Russia’s Druzhba oil pipeline system and the refineries it supplies.
May 20, 2019
One week after it finalized revised offshore well control and blowout preventer regulations, the US Bureau of Safety and Environmental Enforcement issued a report on May 9 highlighting first-year results of its Risk-Based Inspection (RBI) Program.
May 20, 2019
Wood Mackenzie said its 11th annual exploration survey shows the oil and gas industry foresees a return to profits enabling exploration of promising prospects. WoodMac surveyed 258 senior energy leaders and exploration professionals worldwide.
May 20, 2019
In its latest monthly Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent spot prices will average $70/bbl in 2019 and $67/bbl in 2020, both about $5/bbl higher than in last month’s STEO.
Industry Headlines
May 24, 2019
At the heart of both price moves is the foreign and economic policy of Donald Trump.
May 24, 2019
Jefferies is maintaining that negative supply side risks are more material than perceived demand risks.
May 24, 2019
Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth.
May 23, 2019
Guyana's anti-corruption agency is investigating how some exploration rights were awarded in the world's biggest new deepwater oil region.
May 23, 2019
The WTI and Brent contract prices settled below $60 and $70, respectively.