Acquisitions & Divestitures - Insight

Oil Falls Close To Three-Month Lows As Oversupply Weighs

Weekly industry data from the American Petroleum Institute late on July 26 showed that U.S. crude stocks fell by 827,000 barrels in the week to July 22, well short of the 2.3 million barrel draw that had been expected.

Emily Moser
2016/07/27

Renewed Oil Weakness Sparks Demand Fears, Analysts Say

Instead of seeing $60 a barrel, which would support an increase in production, the demand questions, and ongoing supply concerns, mean oil could fall further. U.S. crude settled at $43.13 on July 25, after earlier hitting a three-month low.

Emily Moser
2016/07/26

Canadian Energy Earnings Hint At Brighter Oil Outlook

The Canadian oil and gas earnings season kicked off  with signs of an industry recovery as Encana and Precision Drilling outlined plans to boost activity. Analysts said the uptick in optimism might be mirrored by some U.S. shale companies.

Emily Moser
2016/07/25

More Pain Seen For US Crude As Refined Products Glut Worsens

The market is concerned that gasoline supply will not clear up in the second half of 2016, causing refinery run cuts and another wave of excess crude, a North Carolina-based trader said.

Emily Moser
2016/07/21

Oil, Gas Production Gains In 2017 Could Prolong Downturn

Pre-downturn sanctioned projects are expected to grow offshore production next year, but the cancellation of pre-FID projects could create a ‘supply crunch’ later, report says.

Emily Moser
2016/07/20

Report: US Crude Stockpiles Fall, Gasoline Builds

Crude inventories fell 2.3 MMbbl in the week ending July 15, data from the statistical arm of the Energy Department showed, largely in line with analysts' expectations for a decrease of 2.1 MMbbl.

Emily Moser
2016/07/20

Oil Prices Down As Market Shrugs Off Failed Turkey Coup

Oil prices fell on July 18 as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support.

Emily Moser
2016/07/18

Oil Gains As US, China Data Point To Stronger Demand

Brent crude futures were up 45 cents at $47.82 a barrel at 8:00 a.m. CT on July 15, after earlier dropping to $46.65 a barrel. U.S. West Texas Intermediate (WTI) futures were up 42 cents at $46.10 a barrel.

Emily Moser
2016/07/15

Report: US Tight Oil Wins On Lower Global Cost Curve

Of the 13 MMbbl/d of new supply that could come from tight oil and conventional projects by 2025, 9 MMbbl/d is commercial at $60 oil, according to an energy consulting firm.

Emily Moser
2016/07/14

Oil Bounces After Big Losses, But Glut Persists

Tamas Varga at London brokerage PVM Oil Associates said the rally in oil was a response to the weaker dollar, but he said the rise could be short-lived.

Emily Moser
2016/07/14

Oil Drops On IEA's Glut Warning, Rising US Stocks

Oil fell on July 13 after the International Energy Agency warned that a global supply glut threatened a price recovery and data showed an unexpected weekly gain in U.S. crude stocks.

Emily Moser
2016/07/13

Report: Oil Price Recovery Threatened By Huge Stocks Overhang

Commercial inventories in industrialized nations rose by 13.5 MMbbl in May to a record high of 3.074 billion, the Paris-based IEA said. Inventories kept building in June, pushing oil in floating storage to its highest levels since 2009.

Emily Moser
2016/07/13

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