NEWS



Industry Highlights
Aug 16, 2019
WTI and Brent crude oil futures concluded a volatile week of trading with modest gains Friday.
Aug 16, 2019
After several weeks of declines, the U.S. tacked on an additional six oil rigs.
Aug 16, 2019
Global oil markets face a 'somewhat bearish' outlook for the rest of the year, according to OPEC.
Aug 16, 2019
In the year-to-date through July, total U.S. petroleum demand averaged its strongest level since 2007.
Aug 16, 2019
U.S. President Donald Trump's sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.
Oil and Natural Gas News
Jun 17, 2019
Two bills making the oil and gas industry anxious have survived in the Canadian Senate—one less damaging than its original version and one not.
Jun 17, 2019
In what seems to have become an annual ritual, Pennsylvania Gov. Tom Wolf (D) announced a seemingly new infrastructure development program on June 5 that would rely on his usual proposed revenue source.
Jun 17, 2019
As part of its earlier cooperation agreement with state-owned Sonangol EP, Eni SPA has let a contract to a subsidiary of Maire Tecnimont SPA for an upgrading project involving installation of two new processing units as well as other utilities and offsite…
Jun 17, 2019
A joint venture of Santos Ltd. and Carnarvon Petroleum Ltd. has confirmed a “major” oil and gas discovery with the Dorado well, drilled in the Bedout subbasin about 160 km offshore Port Hedland, Western Australia.
Jun 17, 2019
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook.

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