Oil Prices Finish Higher  | Rigzone

Oil Prices Finish Higher  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Tuesday, April 30, 2019 WTI and Brent futures edged upward Tuesday. West Texas Intermediate (WTI) and Brent crude oil futures finished higher Tuesday. June WTI futures added 41 cents Tuesday, settling at $63.91 per barrel. The U.S. benchmark peaked at $64.75 and bottomed out at $63.30. Brent
New Wells to Hit Moon and Back  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, April 30, 2019 More than 620,000 miles of new oil and gas wells will be drilled over the next 5 years, according Rystad Energy’s latest forecasts. More than 620,000 miles of new oil and gas wells will be drilled over the next five years, according Rystad Energy’s
Warren Buffett Lobs $10B Into Anadarko Bidding War  | Rigzone
by  Bloomberg | J. Carroll, K. Chiglinsky and K. Crowley | Tuesday, April 30, 2019 Warren Buffett’s intervention in Occidental’s $37B bid for Anadarko may tip the scales in the industry’s biggest bidding war in decades. (Bloomberg) — Warren Buffett’s intervention in Occidental Petroleum Corp.’s $37 billion unsolicited bid for Anadarko Petroleum Corp. may tip
Will Chevron Raise Its Bid for Anadarko?  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, April 30, 2019 The most important near-term question in the battle for Anadarko is will Chevron raise its bid? The most important near-term question in the battle for Anadarko Petroleum Corporation (APC) is will Chevron Corporation raise its bid? That’s what Jefferies representatives stated in a research
Oil Gains as Saudis Signal Readiness to Extend Cuts  | Rigzone
by  Bloomberg | Grant Smith | Tuesday, April 30, 2019 Oil edged higher as Saudi Arabia reportedly signaled that OPEC and its allies could extend supply curbs to the end of the year. (Bloomberg) — Oil edged higher, trading near $64 a barrel in New York, as Saudi Arabia reportedly signaled that OPEC and its
Russia, Saudi Arabia Defy Trump's Push for Lower Oil Prices  | Rigzone
by  Bruce Gain | Rigzone Contributor | Tuesday, April 30, 2019 Russia and OPEC members appear reluctant to support U.S. President Trump’s push for lower prices. Total oil output worldwide should remain steady in at least the near term, analysts say as Russia and OPEC members appear reluctant to support U.S. President Trump’s push
Oil Extends Decline  | Rigzone

Oil Extends Decline  | Rigzone

Oil extended its slide to below $63 a barrel after U.S. President Donald Trump renewed his push for lower prices. (Bloomberg) — Oil extended its slide to below $63 a barrel after U.S. President Donald Trump renewed his push for lower prices and Russia said it would restore normal oil flows to eastern Europe within
Crude Oil Starts Week Mixed  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Monday, April 29, 2019 The WTI settled higher while the Brent edged downward. After falling below the $63 mark earlier in the day on reported bearish intentions by President Trump and Russia, West Texas Intermediate (WTI) returned above that threshold and stayed there. The June WTI contract
Oilfield Services Firm Using Airline Model to Win Back Investors  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Monday, April 29, 2019 Investors voting with wallets, says OFS exec Exploration and production (E&P) and oilfield services (OFS) companies are pushing for more capital discipline despite the fact that oil prices have rebounded in recent months. So said Laura Schilling, president of the OFS firm Pumpco
When Will the OPEC+ Alliance Cease?  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Monday, April 29, 2019 Industry experts give their views on the longevity of the OPEC+ alliance. The OPEC+ alliance is not likely to cease in the near future. That’s what Apex Consulting Ltd. believes, according to the company’s director Muktadir Ur Rahman. The Apex Consulting representative conceded, however,