Crude Oil Up for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, May 17, 2019 Both the WTI and Brent contracts declined Friday but remain positive week-on-week. West Texas Intermediate (WTI) crude oil for June delivery lost 11 cents Friday, settling at $62.76 per barrel. The WTI peaked at $63.64 and bottomed out at $62.52 during late-week trading.
Sunday OPEC+ Meeting Should be Uneventful  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Friday, May 17, 2019 The OPEC+ joint ministerial monitoring committee meeting on Sunday should be uneventful, at least according to Jefferies. The OPEC+ joint ministerial monitoring committee (JMMC) meeting on Sunday should be uneventful, at least according to Jason Gammel, an equity analyst at Jefferies. “OPEC Secretary General
US Has Net Loss of One Rig  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, May 17, 2019 The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week. The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week, according to weekly data
Oil Climbs  | Rigzone

Oil Climbs  | Rigzone

by  Bloomberg | Sharon Cho | Thursday, May 16, 2019 Oil climbed for a third day in the longest run of gains in three weeks. (Bloomberg) — Oil climbed for a third day in the longest run of gains in three weeks as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in
OPEC+ Grapples with Iran Crisis  | Rigzone
by  Bloomberg | Grant Smith | Thursday, May 16, 2019 When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend their conversation will be dominated by Iran. (Bloomberg) — When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by
Oil Prices Finish Higher  | Rigzone

Oil Prices Finish Higher  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Thursday, May 16, 2019 The two major oil benchmarks moved in the same direction and by the same amount Thursday. West Texas Intermediate (WTI) and Brent crude oil prices moved in the same direction and by the same amount Thursday. The June WTI contract price added 85
American Oil Finds New Markets  | Rigzone
by  Bloomberg | Sheela Tobben | Thursday, May 16, 2019 U.S. crude is reaching new destinations around the world after Chinese buying slowed. (Bloomberg) — U.S. crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American
Trudeau's Rival Pledges Energy Independence by 2030  | Rigzone
by  Bloomberg | Theophilos Argitis | Thursday, May 16, 2019 Canada’s opposition Conservatives will seek to make the country oil independent within 10 years if they win power. (Bloomberg) — Canada’s opposition Conservatives, leading in the polls ahead of October elections, will seek to make the country oil independent within 10 years if they win
IEA Cuts Oil Demand Growth Forecast  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Wednesday, May 15, 2019 The International Energy Agency cuts its oil demand growth forecast for 2019 to 1.3 million barrels per day. The International Energy Agency (IEA) has cut its oil demand growth forecast for 2019 to 1.3 million barrels per day (MMbpd) in its latest oil market
Oil Drops  | Rigzone

Oil Drops  | Rigzone

by  Bloomberg | Sharon Cho | Wednesday, May 15, 2019 Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch. (Bloomberg) — Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, after a drone attack in Saudi Arabia