Oil Prices Go Five for Five  | Rigzone

Oil Prices Go Five for Five  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, July 31, 2019 WTI and Brent futures finished higher for the fifth consecutive trading day. West Texas Intermediate (WTI) and Brent crude oil futures finished higher for the fifth consecutive trading day. The September WTI gained 53 cents Wednesday, settling at $58.58 per barrel. The light
OPEC Sees Oil Surplus in 2020 Amid Shale Surge  | Rigzone
by  Nicholas Newman | Rigzone Contributor | Wednesday, July 31, 2019 OPEC forecasts that supplies from the cartel’s rivals will grow by more than twice as much as global oil demand. At the start of July 2019, OPEC plus Russia decided to continue the agreement struck last year for at least another nine months, and
Oil Prices Up More Than $1  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Tuesday, July 30, 2019 Both the WTI and Brent contracts rallied Tuesday amid Fed speculation. West Texas Intermediate (WTI) and Brent crude oil futures rallied Tuesday, buoyed by speculation that the U.S. Federal Reserve will announce a quarter-percentage-point cut in a key interest rate Wednesday. The WTI
Oil, Gas Employment Moves from Shale to Offshore  | Rigzone
by  Valerie Jones | Rigzone Staff | Tuesday, July 30, 2019 Looking at the oilfield services industry sectors with the highest percent change of employment, Rystad Energy found the main driver of employment is moving from shale to offshore. Anticipated demand for offshore services brings with it an increased demand for workers as oil and
US Provides 88 Percent of 2018 Oil Output Growth  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, July 30, 2019 World oil production recorded an overall growth of 2.5 million barrels per day in 2018, 88 percent of which was due to the United States. World oil production recorded an overall growth of 2.5 million barrels per day (MMbpd) in 2018, 88 percent of
Oil Gains on Demand Boost Speculation  | Rigzone
Oil extended gains on speculation that demand will get a boost from a potential rate cut by the Federal Reserve. (Bloomberg) — Oil extended gains on speculation that demand will get a boost from a potential rate cut by the Federal Reserve, while investors await news from the resumption of U.S.-China trade talks. Futures advanced
Oil Prices Close Higher  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Monday, July 29, 2019 WTI and Brent crude oil futures edged upward for the third straight trading day. West Texas Intermediate (WTI) and Brent crude oil futures edged upward for the third straight trading day. The September WTI contract added 67 cents Monday to settle at $56.87
US Fracking Poised to Enter 2H With Gusto  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Monday, July 29, 2019 Fracking operations across the United States realized a material uptick in June after experiencing a flat trend from February to May. Fracking operations across the United States realized a material uptick in June after experiencing a flat trend from February to May. That’s according
Permian Needs $9B Worth of New Wells  | Rigzone
by  Bloomberg | David Wethe | Monday, July 29, 2019 As much as $9 billion will be needed over the next decade just to throw away dirty water in the world’s busiest shale field. (Bloomberg) — As much as $9 billion will be needed over the next decade just to throw away dirty water in
Crew of Seized Oil Tanker in Good Health  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Monday, July 29, 2019 The crew members of the seized Stena Impero vessel are in good health, according to a statement posted on Stena Bulk’s website on Sunday. The crew members of the seized Stena Impero vessel are in good health, according to a statement posted on Stena