Oil Steady After Falling From 12-Week High  | Rigzone
| Thursday, December 12, 2019 Oil was steady after falling from the highest close in 12 weeks following an increase in U.S. crude and fuel stockpiles. (Bloomberg) — Oil was steady after falling from the highest close in 12 weeks following an increase in U.S. crude and fuel stockpiles. Futures added 0.2% in New York
$5.7B Deepwater Project Wins Chevron Approval  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, December 12, 2019 Total also announced the FEED for a separate Central GOM project. Chevron Corp. reported Thursday that it has sanctioned the Anchor project in the U.S. Gulf of Mexico (GOM), adding that Anchor represents the industry’s first deepwater high-pressure development to win a final
Energy Projects Above $60 Breakeven Risk Being Unprofitable  | Rigzone
by  Valerie Jones | Rigzone Staff | Thursday, December 12, 2019 Global energy projects that need a breakeven oil price of above $60 could become uncommercial in the next decade, according to Rystad Energy. Global energy projects that need a breakeven oil price of above $60 could become uncommercial in the next decade, according to
EIA Raises Oil Price Forecast Again  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Wednesday, December 11, 2019 The U.S. Energy Information Administration has raised its Brent oil price forecast for the second time in a row. The U.S. Energy Information Administration (EIA) has raised its Brent oil price forecast for the second time in a row, the organization’s latest short-term energy
Oil Prices Decline Amid US Crude Build  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Wednesday, December 11, 2019 Both WTI and Brent crude oil futures edged downward at midweek. Both West Texas Intermediate (WTI) and Brent crude oil futures edged downward at midweek. The January WTI settled at $58.76 per barrel Wednesday, reflecting a 48-cent day-on-day loss. The light crude marker
Oil Falls as Report Shows US Stockpile Build  | Rigzone
by  Bloomberg | Sharon Cho | Wednesday, December 11, 2019 Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week. (Bloomberg) — Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week, adding
Saudis Not Getting Bullish About Oil for 2020  | Rigzone
by  Bloomberg | Abeer Abu Omar | Tuesday, December 10, 2019 A year after a rare bullish call on oil, Saudi Arabia isn’t counting on much of an uplift from crude prices in 2020. (Bloomberg) — A year after a rare bullish call on oil, Saudi Arabia isn’t counting on much of an uplift from crude prices
Oil Steady as Stockpiles Offset Trade Anxiety  | Rigzone
by  Bloomberg | Sharon Cho | Tuesday, December 10, 2019 Oil was steady near a 12-week high as investors weighed a forecast drop in American crude inventories against a looming deadline for the U.S. to impose more tariffs on China. (Bloomberg) — Oil was steady near a 12-week high as investors weighed a forecast drop
Oil Prices Settle Higher  | Rigzone

Oil Prices Settle Higher  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Tuesday, December 10, 2019 West Texas Intermediate (WTI) and Brent crude oil edged upward during the second trading day of the week. West Texas Intermediate (WTI) and Brent crude oil edged upward during the second trading day of the week. The January WTI contract gained 22 cents
Oil Near 12-Week High after Surprise Saudi Curbs  | Rigzone
by  Bloomberg | Sharon Cho | Monday, December 09, 2019 Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. (Bloomberg) — Oil traded near the highest level in almost 12 weeks after Saudi