Forecast ///

Schneider Electric, Halliburton collaborate to transform upstream decision-making

Schneider Electric, the global specialist in energy management and automation, has announced a collaborative project with Landmark, a Halliburton business line and provider of integrated E&P software.

Joint Kuwait-Saudi oil fields to stick to OPEC caps if restarted

Kuwait and Saudi Arabia agreed that any resumption of crude production from shared oil fields along their border won’t raise their output beyond limits set at an OPEC meeting last week, according to two officials familiar with the talks.

OPEC deal can work, but ‘We tend to cheat,’ Al-Naimi says

OPEC’s agreement to cut production for the first time in eight years has the potential to balance the oil market, as long as everyone sticks to it, former Saudi Arabia Oil Minister Ali al-Naimi said.

OPEC deal is bad news for U.S. gas and good news for LNG

OPEC’s decision to shrink oil production is both a blessing and a curse for natural gas markets.

OPEC fights against history, $1-trillion money manager says

David Hunt, CEO of PGIM, Prudential Financial Inc.’s $1-trillion asset manager, cautioned against overreacting to the surge in oil prices as OPEC clinched a deal to curtail supply.

Shale rebound starts with costlier grains of sand

The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracing fortunes begin to turn.

The impact of rapid growth in renewables: Wood Mac

The next global energy transition is already under way, posing risks for some of the world’s largest energy companies.

OPEC head says oil producers on course to clinch supply deal

OPEC’s most senior official said the organization and other major oil producers are “on course” to deliver a deal next month that will temper the global oversupply.

Oil heads for weekly drop as OPEC meets to discuss output quotas

Crude in New York is set for the first weekly drop since mid-September as an OPEC committee meets to discuss how deeply some of its members should cut production to comply with the group’s pledge to reduce supply.

Mexico's energy reform set to revitalize ailing sector and boost economy, IEA says

Mexico's wide-ranging energy reform, which began in 2013, is expected to reverse the country's declining oil production, increase the share of renewables in the power sector, and slow the growth in carbon emissions, providing a solid foundation for robust economic growth in the coming decades, according to the International Energy Agency.

U.S. oil output slide seen slowing as shale drillers return

Increased drilling by shale producers buoyed by higher prices will slow the decline in U.S. crude production, a government forecast showed.

Encana to boost spending with eye on biggest U.S. oil patch

Encana Corp., one of Canada’s largest energy explorers, is increasing capital spending by as much as 64% as it seeks to pull more crude out of America’s most prolific oil field.

Russia questions OPEC breakthrough, keeps budget bet on $40 oil

Russia is sticking with an assumption that oil will average $40/bbl in the next three years and won’t take a bait by revising its budget outlook after a preliminary agreement by OPEC on its first production cut in eight years, according to Finance Minister Anton Siluanov.

Oil execs see 2017 as a year of recovery, Deloitte survey finds

The two-year downturn in the oil and gas industry may be coming to a close.

Oil and gas in the capitals

Jacques Sapir, Contributing Editor

Is the Russian ruble more weakly linked to oil than before?

What's new in production

Don Francis, Contributing Editor

Go with the flow

Oil trades below $47/bbl ahead of U.S. inventory report

Oil dropped below $47/bbl before data forecast to show that gasoline stockpiles declined while crude inventories increased in the U.S., the world’s largest oil consumer.

Upstream execs present differing angles, priorities at ONS afternoon session

Reflecting very different angles and priorities for coping with the 22-month oil-and-gas downturn, top executives from Saudi Arabia, the U.S., Brazil, Mexico and France, along with one analyst, told ONS attendees on Monday afternoon how they will move forward, as the industry begins to recover.

Oil resumes decline amid doubts of market-stabilization deal

Oil declined amid doubts that producers will agree on a deal to stabilize the market when global suppliers meet next month for informal talks.

Potential rebound to $100 crude could hurt oil industry, Lundin says

Crude could return to $100/bbl because the two-year market downturn has curbed investment, according to Lukas Lundin, a member of Lundin Petroleum AB’s board and chairman of Lundin Mining Corp.