Category: Crude oil

Crude prices fall to lowest levels in years as market pressures converge

Crude oil prices fell to the lowest levels since 2012 early Thursday, as concerns about both oversupply and the global economy weighed on traders.  More »

Oil bulls keep faith Saudi supply cuts will revive price

Ignore the talk of an OPEC price war, say crude market bulls. Oil’s next move was spelled out inSaudi Arabia’s own words.  More »

Perry seeks unlimited natural gas and oil exports

“The first order of business to restore balance in Europe is for America to build an energy shield to protect our strategic allies,” the Texas governor said.  More »

Rising crude supplies send oil futures down

Oil for November delivery decreased $1.47, or 1.7 percent, to $87.38 a barrel.  More »

Houston startup raises $700M to tap aging Permian fields

The months-old company wants to pump money into the Permian Basin’s aging wells that could prosper again with carbon dioxide injections.  More »

Shell begins production from its first deepwater Malaysia project

The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell.  More »

Pipeline growth points to shale boom’s infrastructure demands

An expanding web of pipelines is ferrying more oil and natural gas liquids across the United States.  More »

ConocoPhillips strikes oil off Senegal

The company said further evaluation would be needed to determine whether or not the well had reached enough oil to make producing it commercially viable.  More »

New pipelines threaten U.S. Gulf Coast oil premium

U.S. Gulf crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region.  More »

Houston coal firm gets deeper into oil with $340M deal

Houston mineral rights owner Natural Resource Partners is buying oil land operated by one of the largest players in North Dakota for $340 million, it said Monday.  More »

Tumbling oil prices punish hedge funds betting on gains

Hedge funds increased bets on rising oil prices just before crude futures tumbled to a 17-month low on signs that global supply is outstripping demand.  More »

Drones could be used on North Dakota oil fields

While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.  More »

Cheniere considers condensate export facility near Corpus Christi

The Houston-based company is negotiating to buy 552 acres in an industrial site along the La Quinta Ship Channel for a condensate storage and shipping project which could cost between $400 and $600 million.  More »

West Texas crude settles below $90 a barrel

“You are seeing pretty good growth in oil supply and that’s weighing on the market,” an investor says.  More »

The More Things Change, The More They Stay The Same

The above phrase is from the translation of  ’plus ça change, plus c’est la même chose‘ by the French novelist Jean-Baptiste Alphonse Karr. Regardless, not only is it great, but also highly applicable to a veritable selection of shenanigans going on across energyland™.  First up – or actually first and second up, are two examples […]  More »