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March 26-28,2025

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Industry News
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29 2019-10

Oil declines on new signs of expanding U.S. crude stockpiles

NEW YORK (Bloomberg) - Oil fell for the first time in a week amid renewed signs of swelling crude inventories in the worlds biggest economy. Futures dropped as much as 1.3% in New York on Mo.........

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28 2019-10

Oil posts biggest weekly gain in five weeks on trade optimism

CALGARY (Bloomberg) - Oil posted the biggest weekly gain in more than a month as supplies tightened and the White House signaled progress on U.S.-China trade talks. Futures in New York rose .........

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17 2019-10

U.S. Gulf of Mexico crude oil production to continue to set records through 2020

WASHINGTON - U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 MMbpd in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expe.........

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15 2019-10

Oil short-selling more than doubles despite Mideast risks

CALGARY (Bloomberg) - Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long. Hedge fund bets on a West.........

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12 2019-10

Oil jumps above $60 as Iran tanker attack reignites Mideast risk

SINGAPORE (Bloomberg) - Oil jumped back above $60/bbl after reports of a missile strike on an Iranian tanker near the Saudi Arabian port city of Jeddah reignited fears over military escalati.........

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09 2019-10

Jersey Oil and Gas details Buchan’s "significant" resources

ST. HELIER -- Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea. The AIM-quoted explorer .........

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30 2019-09

Pemex faces oil trading team exodus amid pricing review

MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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29 2019-09

Pemex faces oil trading team exodus amid pricing review

MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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26 2019-09

Oil holds declines after U.S. crude stocks rise for second week

NEW YORK (Bloomberg) - Oil held declines after the U.S. government reported a build in nationwide crude inventories for the second consecutive week. The Energy Information Administration sai.........

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24 2019-09

Oil stabilizes amid mixed reports over pace of Saudi recovery

NEW YORK (Bloomberg) - Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production. Brent crude was little changed, after fa.........

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20 2019-09

Oil rises amid doubts about speed of Saudi recovery from attacks

LONDON (Bloomberg) - Oil rose amid doubts about the speed of Saudi Arabias recovery from the weekends attack on its facilities that knocked out a large chunk of its production. Futures gaine.........

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18 2019-09

Saudi Arabia partially restores output at damaged oil plant

DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially r.........

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17 2019-09

ExxonMobil finds more oil offshore Guyana at Tripletail

IRVING, TEXAS - ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated r.........

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16 2019-09

U.S. oil companies set to benefit from Saudi supply disruption

NEW YORK (Bloomberg) --Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabias facilities over the weekend and an attendant rise in crude prices. The biggest moves c.........

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12 2019-09

Egypt expects first Israeli gas by year-end, oil minister says

ABU DHABI (Bloomberg) - Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African.........

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