The Latest

Exploration & Production

Saudi Arabia To Fully Restore Oil Output By End Of September

Energy Minister Prince Abdulaziz bin Salman said oil production in October would be 9.89 MMbbl/d and that the world’s top oil exporter would ensure full oil supplies to customers this month.

September 17, 2019

Business

Pioneer, Chevron Call On Industry, Others To Tackle Permian Basin Flaring

The amount of gas flared has steadily increased, for the most part, in the Permian Basin as oil production has risen in recent years.

September 17, 2019

Crude Oil

Saudi Arabia Tells Oil Market It Has Ability To Keep Customers Supplied

As oil prices drop on Sept 17, sources say full repairs were still expected to last until at least the end of October.

September 17, 2019

Natural Gas

Cheniere And EOG Resources Reach Long-Term Gas Supply Agreements

Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, with the quantity starting at 140,000 MMBtu/d and increasing to 440,000 MMBtu/d.

September 17, 2019

Crude Oil

Opinion: Hedge Funds Turned Bullish On Oil Before Saudi Attacks

Before the attacks on Saudi Arabia's oil installations on Sept. 14, hedge fund managers had started to become more bullish, or at least less bearish, about the prospects for oil prices amid hope for a trade truce between the United States and China.

September 17, 2019

Liquefied Natural Gas (LNG)

Expansion, Investment And Futures Trading Herald LNG Growth

Major commodity exchange to begin trading as billion of new capital pour in.

September 16, 2019

Crude Oil

Perry Calls Oil Market Robust After Attack On Saudi Plants

Department of Energy is ready to respond if a release from the Strategic Petroleum Reserve is needed, he says.

September 16, 2019

Crude Oil

Opinion: Will Hard Lessons Of Saudi Oil Attack Be Learned?

Ramping up tensions with a country like Iran invites a counterpunch, says Reuters columnist.

September 16, 2019

Crude Oil

What's Affecting Oil Prices This Week (September 16, 2019)?

As expected, Brent lost momentum at the end of the week. The International Energy Agency’s latest Oil Market Report revealed their expectation that rebalancing would need to continue through 2020 based on current stock levels and lackluster demand growth.

September 16, 2019

Liquefied Natural Gas (LNG)

LNG Ltd. To Supply Gas To Vietnam From Louisiana Project

The deal comes at a time when LNG Ltd. has been struggling to lock in sales agreements for its Magnolia project due to the U.S. trade dispute with China.

September 16, 2019