Archive for the ‘Oil Prices’ Category
Production of crude oil from the Organization of Petroleum Exporting Countries averaged 32.5 million b/d in 2017, a 200,000-b/d decrease from 2016 levels, and OPEC oil production will average 32.7 million b/d in 2018, according to the US Energy Informa…
Hedging activity surged in this year’s third quarter as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity.
Kuwait, overshadowed by escalating conflict between larger neighbors, stays stable amid parliamentary churn.
Reforms could reduce expropriation risk, Latin America forum told
November 20th, 2017 by Latest News
Reforms under way in several Latin American countries contain provisions aimed at increasing certainty for foreign investors and improving chances that energy assets will not be expropriated later, speakers at the Inter-American Dialogue’s Latin Americ…
The Saudi arrests
November 20th, 2017 by Latest News
Drama involving Saudi royals helped raise the price of crude oil in the first week of November but might soon produce opposite effects. Under the certain direction of Crown Prince Mohammad bin Salman, authorities on Nov. 3 apprehended at least 200 weal…
Shell’s third-quarter earnings jump 47%
November 13th, 2017 by Latest News
Royal Dutch Shell PLC posted a third-quarter net profit attributable to shareholders on a current cost of supplies basis of $4.1 billion, up from $2.7 billion in third-quarter 2016.
Crude oil prices on the New York market gained modestly Nov. 9 as did Brent crude oil prices in London while conflict intensified between Middle Eastern rivals Saudi Arabia and Iran.
Crude oil prices on the New York market dropped in volatile trading
Nov. 8 after a weekly US government inventory report showed a gain in
crude supplies and rising production.
Crude oil prices on the New York market dropped in volatile trading
Nov. 8 after a weekly US government inventory report showed a gain in
crude supplies and rising production.
MARKET WATCH: Crude prices retreat after rally
November 8th, 2017 by Latest News
Crude oil prices on the New York and London markets dropped on Nov. 7
and continued to retreat on Nov. 8 following a recent surge to 2-year
highs.