Category: Crude oil

Oil prices rise but are still in bear territory

Oil for November delivery rose 43 cents, or 0.5 percent, to $86.20 a barrel on the New York Mercantile Exchange.  More »

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.  More »

Iran matches Saudi oil discounts in bear market for crude

Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market.  More »

Report: Texas oil juggernaut threatened by feds, environmentalists

Texas’ oil and gas juggernaut could be threatened by federal regulators and environmental groups proposing policies that could stifle production, a new trade group report finds.  More »

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 »