Oil Prices ///

Trinidad Drilling considers sale as Canadian E&P activity slumps

Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue.

Brent drops from two-week high as U.S. warns of "phenomenal" surge

Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.

Oil climbs above $62 amid producer promises to support markets

Crude climbed above $62/bbl for the first time in more than a week as an alliance of some of the world’s largest oil producers signaled further cooperation to tighten supplies through the end of the year.

Once OPEC's oil-price dove, Saudi Arabia takes a harder line

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.

Oil heads for weekly rise as stocks recover, dollar flounders

Oil headed for its first weekly increase since last month as rebounding equity markets eased concern about economic growth and a weakening dollar boosted the allure of commodities priced in the U.S. currency.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

Africa's top oil producer poised to give OPEC an output headache

Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices.

Oil near seven-week low on signs U.S. stockpiles rose a third week

Oil traded near its lowest closing level in seven weeks in New York as signs of rising U.S. crude stockpiles fanned concern of a new surge in shale-oil production.

Crude resumes slide as shale threat to OPEC-led restraint grows

Crude fell for the seventh time in eight days as gushing U.S. shale oil production threatened to drown an OPEC-led effort to snuff out a worldwide glut.

IEA says OPEC almost cleared oil glut but shale risk looms

OPEC and its allies have almost achieved their goal of clearing an oil glut, but their efforts could be derailed by rising supplies from the U.S. and other rivals, the IEA said.

Crude halts decline as demand seen burning through shale output

Crude edged higher after the worst weekly decline in two years as OPEC shrugged off the threat that U.S. shale drillers will swamp the market with excess supplies.

Oil bulls run scared in global volatility as U.S. rivals Saudis

Oil enthusiasts are retreating as volatility takes hold of global markets and American gushers rival Saudi Arabia’s.

As oil falters, fuel that drove bull run continues cruising

Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia.

OPEC president says shale surge won't thwart plan to clear glut

Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.

NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand

As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India.

Oil set for worst week in year as rout inflames U.S. supply fear

Oil headed toward its worst week in almost a year as the global risk-asset rout further rankled investors already concerned over growing U.S. supply.

Crude declines as growth in shale production scares investors

Crude resumed its decline as growth in U.S. shale output acts as a downside price risk.

Oil majors reward investors after crude's rally revives profit

As oil’s existential crisis recedes, it’s bringing happier times for some shareholders.

Oil extends biggest drop in two months as dollar and shale weigh

Oil fell for a fifth day as surging U.S. output and a rising dollar sent crude to its biggest drop in two months.

Oil drops as volatility concern counters reported inventory draw

Oil extended declines as persistent volatility in global markets prompted caution among traders, even as U.S. inventories reportedly fell.