Oil Prices Mixed for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, August 23, 2019 WTI and Brent crude futures declined Friday, but the Brent managed to show a slight week-on-week increase. West Texas Intermediate (WTI) and Brent crude futures declined Friday, but the latter benchmark nevertheless showed a slight week-on-week increase. The October WTI contract price lost
Texas Driller Sues US to Get Visa for Big-Game Hunter  | Rigzone
by  Bloomberg | Rachel Adams-Heard & David Wethe | Friday, August 23, 2019 Matador Resources Co. is suing U.S. immigration authorities to give the oil driller’s $110,00-a-year big-game hunting expert a visa. (Bloomberg) — Matador Resources Co. is suing U.S. immigration authorities to give the oil driller’s $110,00-a-year big-game hunting expert a visa. Roy Dirk
US Oil, Gas Rig Count Plummets by 19  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, August 23, 2019 The U.S. dropped 16 oil rigs and three gas rigs for a net loss of 19 rigs, according to BHGE. The U.S. dropped 16 oil rigs and three gas rigs for a net loss of 19 rigs, according to weekly data from Baker Hughes,
$50 Oil Threatens Future Subsea Growth  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, August 23, 2019 2019 will mark the first time since 2014 the subsea market will have year-on-year growth, but declining oil prices could threaten this growth, according to Rystad Energy. 2019 will mark the first time since 2014 the subsea market will have year-on-year growth, but declining
Permian Frac Tracker Sees Bipolar Market  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, August 23, 2019 Firm monitors upstream oil and gas through the prism of hydraulic fracturing activity. Recent reports about oil and gas industry conditions in the Permian Basin have been mixed. As this July 16 article from Bloomberg indicates, there is evidence that industry activity is
Oil Prices Falter Before Jackson Hole Speech  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, August 22, 2019 WTI and Brent futures posted losses Thursday. West Texas Intermediate (WTI) and Brent crude oil futures posted losses Thursday. The October WTI contract price lost 33 cents to end the day at $55.35 per barrel. It traded within a range from $54.85 to
3Q is Key for 2019 Oil Balance  | Rigzone
by  Bloomberg | Julian Lee | Thursday, August 22, 2019 The current quarter will be key in shaping the oil supply and demand balances for 2019, according to the latest outlooks from the world’s three major oil-forecasting agencies. (Bloomberg) — The current quarter will be key in shaping the oil supply/demand balances for 2019, according
Foreign Oil Firms Are Bailing on Canada  | Rigzone
by  Bloomberg | Kevin Orland | Thursday, August 22, 2019 Capital keeps marching out of Canada’s oil industry. (Bloomberg) — Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three
Oil Steadies as Focus Turns to Monetary Easing  | Rigzone
by  Bloomberg | Saket Sundria | Thursday, August 22, 2019 Oil steadied as attention turned from expanding American fuel stockpiles to the prospects for monetary easing. (Bloomberg) — Oil steadied after its first drop this week as attention turned from expanding American fuel stockpiles to the prospects for monetary easing as the world’s top central
Oil Prices Mixed at Midweek  | Rigzone

Oil Prices Mixed at Midweek  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, August 21, 2019 Brent crude finished higher for the fourth consecutive trading day while the WTI faltered. Brent crude oil finished higher for the fourth consecutive trading day while West Texas Intermediate (WTI) faltered, capping off a three-day rally. WTI for October delivery shed 45 cents