Acquisitions & Divestitures - Insight

Update: WTI Crude Oil Rebounds Following Big Inventory Draw

Oil prices rebounded from early losses on April 26 after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after prices slid for several days.


EIA: Big Drawdown In US Crude Oil Inventories

Crude inventories fell 3.6 million barrels in the week to April 21, compared with analyst expectations for a decrease of 1.7 million barrels, the EIA said.


For US E&Ps, Is Recovery A Slow And Steady Circle?

Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?


OPEC Panel Recommends Output Cut Extension, Sources Say

An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said.


Crude Oil, Gas Outlook: The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.


Oil On Track For Biggest Weekly Drop In A Month

Oil held near $53 a barrel on April 21 but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.


Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.


Total CEO: Oil Prices Could Fall Again On US Shale Influx

Oil prices could fall again by the end of the year due to a rapid increase in U.S. shale production, said Patrick Pouyanne, CEO of French oil and gas giant Total.


Saudi Arabia, Kuwait Signal Likely Extension Of Oil Output Cuts

Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is as yet no agreement, Saudi Energy Minister Khalid al-Falih said.


EIA: US Crude Stocks Down; Gasoline Inventories Rise

U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said April 19.


OPEC, Non-OPEC To Meet On Same Day As Scheduled May Gathering

Ministers from OPEC will convene at their Vienna headquarters. Joint talks with non-OPEC oil ministers will also take place that day, two sources said.


Oil Prices Edge Higher From OPEC Boost

Crude fell in the previous two sessions, but it received a boost from comments on April 19 by the secretary-general of OPEC that the group was committed to cutting inventories to the five-year average.