Acquisitions & Divestitures - Insight

Crude Oil Prices Extend Gains After Saudi Arabia Pledges Export Curbs

At a meeting on July 24, Saudi Energy Minister Khalid al-Falih said that his country would limit its crude exports to 6.6 million bbl/d in August, almost 1 million bbl/d below the levels of a year ago.


OPEC Moves To Cap Nigerian Oil Output, Boost Compliance

OPEC states Libya and Nigeria were exempted from the limits to help their oil industries recover from years of unrest, though a committee on July 24 agreed Nigeria would now join the deal.


Oil Prices Fall On Forecast Of Rising OPEC Production For July

Oil traders are looking ahead to the July 24 meeting of several ministers from OPEC and non-OPEC members in Russia, though some analysts doubt it will lead to any new intervention.


Brent Crude Climbs Above $50 For First Time Since Early June

Both benchmarks were trading at their highest since June 7 after rising more than 1.5% in the previous session on a report showing U.S. crude and fuel inventories fell last week.


EIA: US Crude, Gasoline Stocks Drop Sharply

Crude inventories fell by 4.7 million barrels in the week to July 14, compared with analysts' expectations for a decrease of 3.2 million barrels, the EIA said.


Russia To Continue Working With OPEC On Oil Market Rebalancing, Source Says

Russia is ready to continue working with OPEC, a source said, adding that Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya.


Update: Oil Prices Jump Following Surprise Draw In US Crude, Gasoline Stocks

Before the EIA report that revealed a bigger weekly draw than forecast in crude and gasoline stocks, WTI and Brent futures were up about 0.6%, supported by strong demand for gasoline.


Analysts: US Third-Quarter Crude Production Coming Up Short

Stratas Advisors’ Oil Comparables Weekly shows less in storage, lower field production than expected.


Crude Oil Prices Climb; Remain 'Stuck In Range'

Oil rose on July 18 but traders said the market was trading in a tight range and showed few signs of big short-term moves.


EIA Forecast Shows US Shale Oil Production Growth

U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 bbl/d to 5.585 MMbbl/d in August, the U.S. Energy Department said in a report July 17.


Al Gore Clashes With APPEA Over Gas In Australia

Former U.S. vice president adds fuel to Australia's already fiery political standoff on natural gas. The nation’s largest oil and gas association issues a terse response.


Oil Prices On Track For Solid Weekly Gains Following Positive Demand Signals

Oil prices edged higher on July 14 and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.