Acquisitions & Divestitures - Insight

Trump Interior Pick To Clarify Stance On Federal Land Development

Lawmakers are expected to seek clarity on Zinke's commitment to keeping public lands in federal control, after he voted on a provision that could make it easier to transfer federal lands to states.


Report: North Dakota Oil Output To Drop Below 1 MMbbl/d

North Dakota's oil production will likely fall below 1 million barrels per day (MMbbl/d) by the end of January due to harsh winter weather and low oil prices, state regulators said on Jan. 13.


Oil Set For Weekly Fall On Doubts Over OPEC Cuts

Brent crude futures, the international benchmark for oil prices, were trading 60 cents down at $55.41/bbl by 6:20 a.m. CT (12:20 GMT) on Jan. 13. West Texas Intermediate crude fell by 58 cents to $52.43.


Oil Prices Rise On OPEC Cuts, China Demand Forecast

Brent crude futures was up 70 cents at $55.80 a barrel (bbl) by 5:35 a.m. CT (11:35 GMT) Jan. 12. West Texas Intermediate crude was up 60 cents at $52.85.


EIA: US Crude, Product Stocks Rise Sharply In Latest Week

Crude inventories rose 4.1 MMbbl in the week to Jan. 6, the EIA said, higher than analyst expectations for a 1.2-MMbbl build.


EIA: US Natgas Outlook Cut; Crude Production Set To Rise

Dry gas output in 2016 averaged 72.36 Bcf/d as low energy prices reduced drilling activity. It was the first annual production decline since 2005.


Oil Prices Fall On Concerns Of Rising US Production

Analysts at Barclays said they expected the U.S. rig count to rise to 850-875 by the end of the year, with spending on E&P set to increase 27% in North America.


API Head Hopeful Trump Redefines Energy Policy

Trump may be willing to abide by some of the Paris climate accords, particularly those that jeopardize U.S. trade with a carbon tax.


US Drillers Add Oil Rigs For 10th Week In A Row

Drillers added four oil rigs in the week to Jan. 6, bringing the total count up to 529, the most since December 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Jan. 6.


Report: US Crude Stocks Drop More Than Expected

Crude inventories fell 7.1 million barrels in the week to Dec. 30, much more than analysts' expectations for a decrease of 2.2 MMbbl, the EIA said Jan. 5.


Report: OPEC Oil Output Falls From Record High

The decline, the first since May according to Reuters surveys, occurred despite higher exports from second-largest OPEC producer Iraq and a further upward trend in Libyan output.


Oil Prices Boosted By Expected Drop In US Inventories

Weekly U.S. statistics on oil stocks are expected to show a 1.7 million barrel draw on Jan. 5, analysts polled by Reuters said.