Forecast
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.
News
October 28, 2016
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.
News
October 26, 2016
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.
News
October 14, 2016
Increased drilling by shale producers buoyed by higher prices will slow the decline in U.S. crude production, a government forecast showed.
News
October 05, 2016
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.
News
September 30, 2016
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.
News
September 21, 2016
The two-year downturn in the oil and gas industry may be coming to a close.
Article
September 2016
Is the Russian ruble more weakly linked to oil than before?
News
August 30, 2016
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.
News
August 29, 2016
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.
News
August 29, 2016
Oil declined amid doubts that producers will agree on a deal to stabilize the market when global suppliers meet next month for informal talks.
News
August 26, 2016
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.
News
August 19, 2016
Petroleos Mexicanos’ deteriorating finances are poised to get much worse, signaling no end in sight to years of declining oil production.
News
August 19, 2016
Woodside Petroleum Ltd. expects lower LNG prices as it renegotiates short-term contracts and says buyers across Asia will increasingly resist deals that restrict the reselling of the super-cooled fuel.
News
August 09, 2016
The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.
News
July 26, 2016
Oil dropped to a three-month low in New York amid speculation that U.S. fuel stockpiles increased, bolstering a glut in the world’s biggest crude-consuming nation.
News
July 20, 2016
Making strategic long-term investments, and pooling resources from within the oil and gas industry is central to energy sector progress, said senior officials at a recent gathering of the Middle East Petroleum Club (MEPC) in Abu Dhabi.
News
July 19, 2016
Oil closed at the lowest level in more than two months in New York as the dollar rose against its peers and global crude markets were deemed comfortably supplied despite threats to output.
News
July 07, 2016
Oil retreated after a government report showed U.S. crude stockpiles dropped by less than expected.
News
July 01, 2016
Natural gas exports from the U.S. Gulf Coast will reach buyers in Asia and South America faster and at lower costs thanks to an expanded Panama Canal that could see 550 tankers a year by 2021.
