Forecast
News
September 30, 2015
Plummeting natural gas production from Europe’s biggest natural gas field hasn’t stopped prices sliding to a six-year low at the start of the winter heating season.
News
September 29, 2015
Oil climbed from a two-week low amid expectations a government report will show a slowdown in drilling has trimmed U.S. crude supplies -- a sign that the oil glut might finally be shrinking.
News
September 29, 2015
Chesapeake Energy Corp., the U.S. natural gas explorer selling assets to raise cash, plans to cut 15% of its workforce to cope with a drop in commodity prices.
News
September 29, 2015
Mexico is sweetening the terms of its next oil-block auction in a bid to avoid a repeat of its failed earlier attempt at opening up the industry. The big question now: Is it enough?
News
September 24, 2015
Argentina’s YPF SA will cut spending by as much as 20% next year if a new administration lowers the domestic oil price nearer to international levels.
News
September 23, 2015
Senate Democrats unveiled a bill that would provide more tax credits for renewable energy while killing some tax incentives for oil and natural gas producers.
News
September 22, 2015
ConocoPhillips, the third-largest North American oil and gas producer, is nearing a deal to sell several Western Canadian assets to various buyers including Canadian Natural Resources Ltd., people with knowledge of the matter said.
News
September 21, 2015
Petroleo Brasileiro SA has canceled five platform-supply vessels from two separate contractors as a rout in oil prices and rising borrowing costs force Brazil’s state-controlled producer to deepen spending cuts.
News
September 21, 2015
Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production.
News
September 21, 2015
Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude.
News
September 21, 2015
U.S. oil prices narrowed their discount to international benchmark Brent as a supply glut in North America abated, even as it grew elsewhere.
News
September 16, 2015
Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task.
News
September 15, 2015
Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October.
News
September 15, 2015
PetroChina Co.’s slump to the lowest in six years may be ignoring the potential value from spinning off its huge pipeline network as part of the country’s energy industry reforms.
News
September 11, 2015
Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such a move was afoot last month drove crude to its biggest three-day gain in 25 years.
News
September 10, 2015
Shale oil producers already awash in a supply glut face added crude as early as next year after an agreement to ease sanctions on Iran cleared a Senate obstacle.
News
September 10, 2015
A renewed plunge in oil prices and the winding down of other financial lifelines is forcing shale drillers to auction off once-prized assets and settle for less in potential deals.
News
September 08, 2015
Israel’s parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports.
News
September 08, 2015
Crude jumped almost 4% in less than two hours in London as a late-day surge in Shanghai stocks spurs investor optimism across global markets.
News
September 04, 2015
Starting in earnest after Labor Day, oil and natural gas companies will begin the twice-yearly pilgrimage to their banks to discuss funding.
News
September 03, 2015
Congress is set to begin consideration of a measure to lift the decades-old ban on U.S. crude exports after a government study concluded the move wouldn’t raise gasoline prices for consumers, people familiar with the plan said.
