US Oil and Natural Gas News and Information

Venezuela, Iran seeking consensus to stabilise oil markets Saturday August 27th, 2016 06:35:00 PM
"We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries, strengthening OPEC," Maduro said in a ceremony broadcast on state television. He said Venezuela's oil minister and foreign minister would make ...

Iraq set on expanding oil output to gain market share Sunday August 28th, 2016 02:14:00 AM
Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil ...

China's Oil Production Peaks, Increased Foreign Oil Dependency On The Horizon Sunday August 28th, 2016 02:51:00 AM
China’s oil majors are also being punished from the prolonged low oil price environment. This past week, two Chinese state-owned oil companies reported record dismal financial results for the first half (H1) of the year. PetroChina said on Monday that ...

Venezuela, Iran seeking consensus to stabilize oil markets Sunday August 28th, 2016 02:04:00 AM
Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. “We continue to build common ...

Oil M&A Is Back as Industry Shifts From Survival to Growth (3) Sunday August 28th, 2016 03:18:00 AM
(Bloomberg) -- Multibillion-dollar oil and gas deals are back on the table. More than $11 billion of transactions were announced globally in July as crude’s recovery fueled hopes of a steadier market, Wood Mackenzie Ltd. said. That’s the highest ...

Iran and Venezuela cooperate to boost oil prices Sunday August 28th, 2016 02:16:00 AM
Venezuela’s president said he expects new measures to stabalise oil markets and strengthen OPEC to be announced soon. Nicolas Maduro was meeting with Iran’s foreign minister and said the two nations agreed to cooperate to boost oil prices.

Saudi energy minister: Oil market ‘moving in the right direction’ Saturday August 27th, 2016 09:57:00 PM
Khalid Al-Falih said the world’s major oil producers were unlikely to freeze production next month Saudi Arabian Energy Minister Khalid Al-Falih tempered expectations that the world’s major oil producers would look to freeze production next month ...

Exxon Stock Will Soar With The Imminent Rise In The Oil Price Saturday August 27th, 2016 01:00:00 AM
Oil prices are poised to increase, which will cause Exxon's upstream earnings to recover. One factor that can change the fragile balance between oil supply and demand is the economic crisis in Venezuela. The average target price of the top analysts is at $ ...

Oil Price Dip: Gas As New Investment Choice Saturday August 27th, 2016 08:48:00 PM
The Nigerian midstream sector of the oil industry is fast becoming investors delight as dipping oil price puts producing nations on the cliff, writes Chika Izuora. The politics of oil dates back to 1973 when Israeli forces, assisted by the US military ...

Crude oil futures - weekly outlook: August 29 - September 2 Sunday August 28th, 2016 02:47:00 AM
Investing.com - Oil futures managed to hold on to modest gains on Friday, but suffered a decline for the week after the Saudi energy minister shrugged off the need for OPEC to intervene to stabilize markets. Reuters reported late Thursday that Saudi Arabia ...

 

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