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.

2017/04/26

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.

2017/04/26

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?

2017/04/24

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.

2017/04/21

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.

2017/04/21

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.

2017/04/21

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.

2017/04/20

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.

2017/04/20

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.

2017/04/20

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.

2017/04/19

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.

2017/04/19

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.

2017/04/19

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