Acquisitions & Divestitures - Insight

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.


OPEC Aims For Higher Compliance With Output Cuts

OPEC is curbing its output by about 1.2 MMbbl/d from Jan. 1, the first cut in eight years. Russia and 10 other non-OPEC producers agreed to cut half as much.


Oil Traders Continue Making Big Bets, Despite Bearish Signals

A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.


NAPE: Oil, Gas Demand Energized Through 2040, ExxonMobil Says

The company forecasts economic growth in developing countries to lead the way for energy consumption while oil and natural gas become the dominant resource by 2040.


Oil Prices Rise On Possibility Of OPEC Extending Output Cuts

The supply pact could be extended by May if all major producers showed "effective cooperation," Reuters on Feb. 16 quoted an OPEC source as saying.


NAPE: US Shale Industry ‘Aggressively’ Returns

The industry is coming back to life, with recovery reaching outside the prolific Permian Basin.


EIA: US Crude, Gasoline Stockpiles Hit Record Highs

Crude inventories rose 9.5 million barrels in the week ended Feb. 10, nearly three times more than analysts' expectations, the EIA said.


Oil Prices Slip Further On US Inventory Report

U.S. inventories rose by a larger-than-expected 9.9 MMbbl last week, the American Petroleum Institute said on Feb. 14, ahead of the Energy Information Administration's official supply report.


Oil Prices Climb Upward On OPEC-Led Output Cuts

Oil strengthened slightly on Feb. 14, supported by an OPEC-led effort to cut output, while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year.


EIA: US Shale Oil Output To Soar In March

In the Permian shale play of West Texas and New Mexico, output is forecast to rise in what would be the biggest monthly rise since January 2016.


OPEC Reports Saudi Arabia Made Huge Oil Cut In January

Supply from the 11 OPEC members with production targets under the deal fell last month, with reductions amounting to 93% compliance, according to a Reuters calculation based on the figures.


Oil Prices Fall As US Drilling Grows; OPEC Compliance Bright Spot

Oil prices fell on Feb. 13 but losses were capped by official OPEC production figures showing initial compliance with its landmark production reduction deal was as high as 93%.