Forecast
News
February 01, 2017
Chairman Christi Craddick met with leadership at the Federal Reserve Bank of Dallas (Dallas Fed) this week to discuss this year's outlook for the state's oil and gas industry. According to economists with the Dallas Fed, Texas oil and gas drilling activity will increase throughout this year.
News
January 25, 2017
PetroChina, the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80%, putting it on pace to report a record-low profit.
News
January 25, 2017
Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and U.S. will continue to gain market share at the expense of higher-cost rivals, said BP.
News
January 25, 2017
OPEC and other oil producers are likely to comply fully with a deal to reduce supply, bringing global crude markets into balance early this year, Kuwaiti Oil Minister Essam Al-Marzouk said.
News
January 18, 2017
Oil fell in New York, reversing earlier gains, after the head of the International Energy Agency (IEA) predicted a rebound in U.S. supply.
News
January 16, 2017
Egypt's gas market is poised to undergo profound changes in the next five years, and these could have an impact on the global LNG market, seeing Egypt position itself as a prominent seasonal player, research from global natural resources consultancy Wood Mackenzie shows.
News
January 11, 2017
The oil industry will shake off the effects of the biggest downturn in a generation this year as they more than double project approvals and increase exploration spending for the first time in three years, according to Wood Mackenzie.
News
December 25, 2016
Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market.
News
December 21, 2016
Call it a pre-Christmas lottery ticket, but someone in the oil market has been busy making a bold bet, buying contracts that will be profitable if oil surges again to $100/bbl.
News
December 20, 2016
Oil climbed before government data forecast to show U.S. crude inventories dropped for a fifth week, trimming a glut.
News
December 16, 2016
Oil prices boosted by global output reductions will be capped because of new supply before long, according to Goldman Sachs Group Inc. The cuts by OPEC members and nations outside the group, as well as strong demand growth, will probably help curb inventories by next summer, analysts including Damien Courvalin said in a note dated Dec. 16. While the bank raised its oil-price forecasts for the second quarter of 2017, it decreased its crude estimates for 2018 on concern that new production will enter the market.
News
December 15, 2016
As tax reform and regulatory easing across the U.S. oil and gas industry are anticipated in a new administration, EY expects innovation in financial and operational excellence will be a main driver of value and competitiveness in 2017.
News
December 08, 2016
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.
News
December 06, 2016
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.
News
December 02, 2016
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.
News
December 01, 2016
OPEC’s decision to shrink oil production is both a blessing and a curse for natural gas markets.
News
November 30, 2016
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.
News
November 28, 2016
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.
News
November 18, 2016
The next global energy transition is already under way, posing risks for some of the world’s largest energy companies.
News
October 31, 2016
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.
