WorldOil Oil hits 2-month high as China truce signals brighter outlook Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Oil hasn't started a year this hot since the turn of the century Oil hasn’t started off this strong in 18 years. Freedom Oil and Gas has announced new leadership with industry veteran Freedom Oil and Gas Ltd has announced that effective Jan. 14, 2019, J. Russell Porter will be joining the company as president, CEO, and a member of the board of directors. J. Michael Yeager, Freedom's chairman of the board, president and CEO will remain as non-executive chairman. Camber Energy in discussions with investment banking firms regarding merger, acquisition opportunities Camber Energy, Inc., based in Houston, Texas, an independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids, has announced that the company has had discussions with multiple investment banking firms to assist with identifying a merger or acquisition candidate and is contemplating engaging a firm in the event that a transaction is not completed with any of the current opportunities being explored in the near future. U.S. could soon produce more crude than Saudis can at their peak America’s journey to preeminence in the global oil trade is about to hit another milestone. IEA sees oil demand growth defying economic slowdown Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity. Oil rebound fizzles as Treasury denies U.S. easing China tariffs Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China. Legality of drilling permits issued during shutdown challenged The Trump administration’s decision to keep issuing oil drilling permits during the government shutdown is putting those authorizations in legal jeopardy, environmentalists argued in a filing Thursday. Husky Energy soars because investors love a failure For Husky Energy Inc., it may not be the shots you make that matter so much as the ones you miss. Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study. Wild Well Control has expanded its Montrose Facility, UK Wild Well Control, a Superior Energy Services well control and engineering services company, has announced the expansion of its Montrose facility at South Ferryden, UK.