Acquisitions & Divestitures - Insight

OPEC Agrees To Stop The Bleeding At 32.5 MMbbl/d

The producing group will agree to concrete levels of production by each country at its next formal meeting in November, sources say.


OPEC: Saudis Soften Oil Stance On Iran, But Deal Still Elusive

OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.


Oil Climbs Following US Inventory Draw

Data from the American Petroleum Institute showed crude stocks fell 752,000 bbl in the week to Sept. 23 to 506.4 MMbbl, compared with a forecast of a 2.8 MMbbl build by analysts polled by Reuters.


Oil Prices Slip As Output Deal By OPEC Fades

Saudi Arabia on Sept. 27 dashed hopes that OPEC oil producers could clinch a deal in Algeria this week after sources within the exporter group said differences between the kingdom and rival Iran remained too wide.


Oil Prices Climb As OPEC Meets To Discuss Possible Output Deal

Members of OPEC are meeting informally on the sidelines of the International Energy Forum in Algeria from Sept. 26-28, where they will discuss a possible deal to limit output.


Oil Prices On The Rise For Second Day

Brent crude futures rose 44 cents to $47.27/bbl by 6 a.m. CT (11 GMT), or a 3.2% gain so far this week, while West Texas Intermediate oil futures were up 47 cents at $45.81/bbl.


Permian Scorches A&D Market Despite Oil Price; Midstream Considers Combos

Some form of consolidation may be coming for certain sectors of the oil and gas industry.


Shell President Talks LNG, Climate Change And No-Wind Scenarios

From ‘keep it in the ground’ to natural gas as a bridge fuel for the future, Bruce Culpepper offers scenarios for oil and gas in 2050.


EIA: US Crude Inventories Down Sharply

Crude inventories fell by 6.2 million barrels in the week to Sept. 16, compared with analysts' expectations for an increase of 3.4 million barrels. Crude stocks at the Cushing, Okla., delivery hub rose by 526,000 barrels, EIA said.


Oil Jumps After Surprise Drop In US Crude Inventories

Oil took its cue from American Petroleum Institute data which showed a 7.5 MMbbl drop in U.S. crude inventories to 507.2 MMbbl, almost twice the fall expected by analysts.


Algerian Minister: OPEC May Hold Extra Meeting Immediately After Next Week

Alergian Energy Minister Noureddine Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilize the oil markets at the Algiers meeting of OPEC and non-OPEC producers on Sept. 26-28.


Oil Prices Fall Ahead Of Expected US Crude Stock Build

Brent crude oil futures were trading at $45.45/bbl at 6:28 a.m. CT (11:28 GMT), down 50 cents day on day and a near three-week low. WTI crude futures were down 44 cents at $42.86/bbl.