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Natural Gas Price Fundamental Weekly Forecast – Bullish Traders Waiting for Confirmation of Late May Heat Wave   May 19, 2019
Natural gas futures managed to eke out a small gain last week after hitting its highest level since April 16. It wasn’t much of a gain, but the chart pattern showed buyers were willing to come ... Yahoo Finance  

Oil Price Fundamental Weekly Forecast – Supply/Demand Stalemate Likely to Lead to Rangebound Trade   May 19, 2019
U.S. West Texas Intermediate and international-benchmark crude oil futures remained underpinned by the OPEC-led production cuts and the U.S. sanctions against Venezuela and Iran. The rally ... Yahoo Finance  

Crude Oil Weekly Price Forecast – Crude oil markets slightly better this week   May 19, 2019
The WTI Crude Oil market has formed a green candle for the week, which of course is a good sign after forming a relatively neutral candle stick for the previous week. We did see massive resistance ... Yahoo Finance  

Trade war and Iran tensions creating a 'very unstable' oil market, Russia minister says   May 19, 2019
The President Donald Trump administration has tightened its chokehold on Iranian oil exports and its metals industry as part of its "maximum pressure" campaign. While Iran announced it would end ... Yahoo Finance  

U.S. warns commercial airliners could be at risk flying over Persian Gulf   May 19, 2019
Meanwhile on Saturday, Iraqi officials said ExxonMobil Corp. XOM, -0.59% began evacuating staff from Basra, and the island nation of Bahrain ordered its citizens out of Iraq and Iran over “the recent escalations and threats.” However, U.S. officials ... MarketWatch  

Keyera green-lights $1.3B Alberta natural gas pipeline   May 19, 2019
Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. CBC.ca  

Saudi Arabia says oil producers want to reduce inventories   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his ... Yahoo Finance  

Day-long lines for gasoline form in oil-rich Venezuela   May 19, 2019
U.S. sanctions on oil-rich Venezuela appear to be taking hold, resulting in long lines for fuel in the South American nation's second-largest city, Maracaibo. Some drivers said they'd had to wait almost 24 hours to fuel up. People in the streets of ... CBC.ca  

ExxonMobil - World's Largest Publicly Traded Oil Company For A Reason   May 19, 2019
ExxonMobil is the world's largest publicly traded oil company with operations that span the globe. The company's impressive portfolio means it has been able to maximize profits at every single ... Seeking Alpha  

The Fidelity MSCI Energy Index ETF: A Great ETF To Play Oil's Recovery   May 19, 2019
EOG Resources, ConocoPhillips, Occidental Petroleum (OXY), and Anadarko Petroleum (APC) are all independent oil producers who are primarily engaged in exploration and production business. Seeking Alpha  

Is This Stock a Screaming Bargain -- Or a Sucker's Bet?   May 19, 2019
In the meantime, the oil and natural gas -- especially the natural gas -- has been piling up in the Permian with nowhere to go. In fact, so much natural gas has been headed to the Waha Hub in the Permian, with so little capacity to move it, that Waha Hub ... Yahoo Singapore Finance  

The Fear Factor Is Back For Oil   May 19, 2019
Saber-rattling in the Middle East and the continued deterioration in Venezuela have once again trumped considerations such as supply and demand in the fluctuations of global oil prices. Despite ... OilPrice  

Saudi, UAE see sufficient oil supplies, rising stocks   May 19, 2019
Jeddah (Saudi Arabia) (AFP) - OPEC kingpin Saudi Arabia and key producer United Arab Emirates said Sunday oil supplies were sufficient and stockpiles were still rising despite massive output drops ... Yahoo Finance  

Venezuela oil minister says economy, oil industry under U.S. siege   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - Venezuelan Oil Minister Manuel Quevedo said on Sunday his country’s economy and oil industry was under economic and financial siege by the U.S. government. “This therefore generates disturbances in the flow of oil ... Reuters  

Russia's Novak: many options for oil deal, including production rise   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - Russian Energy Minister Alexander Novak said on Sunday that different options were available for the OPEC and non-OPEC oil output deal, including a rise in ... Reuters  

Iraq oil minister says deal with Exxon close, slowed by evacuation   May 19, 2019
JEDDAH (Reuters) - A major oil deal between Iraq and Exxon Mobil was "very close" but had been slowed by Exxon's decision on Saturday to evacuate its international staff from the West Qurna oil field, Iraq's Oil Minister Thamer Ghadhban said on Sunday. Yahoo Singapore Finance  

UAE says relaxing oil supply cuts is 'not the right decision'   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - United Arab Emirates Energy Minister Suhail al-Mazrouei said on Sunday that oil producers were capable of filling any gap in the oil market and that relaxing supply cuts was not "the right decision". Mazrouei said that the ... Yahoo Singapore Finance  

Saudi energy minister recommends driving down oil inventories, says supply plentiful   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - Saudi Arabia’s energy minister said on Sunday he recommended driving oil inventories down and that global oil supplies were plentiful. “Overall, the market is in a delicate situation,” Khalid al-Falih told reporters ... Reuters  

Saudi energy minister says attacks put security of oil supply at risk   May 19, 2019
JEDDAH, Saudi Arabia (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that recent attacks on Saudi energy assets had put security of oil supply at risk but not affected his ... Reuters  

Why Does Warren Buffett Keep Selling Phillips 66?   May 19, 2019
Not so fast. Berkshire has owned a stake in Phillips 66 going back to its 2012 split from ConocoPhillips. Over the years, that investment generally grew, peaking in the first quarter of 2017 ... Yahoo Finance  

Novak Says too Soon to Discuss Oil-Cut Options: OPEC+ Update   May 19, 2019
(Bloomberg) -- Oil producers meeting in Jeddah, Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Sea city. Finance Yahoo  

ConocoPhillips touts growth and stability; not aiming for big acquisitions   May 19, 2019
so don't look for the Houston firm to make big waves like Occidental Petroleum did in winning its $38 billion bidding war for Anadarko Petroleum this month. Big corporate acquisitions are tough to pull off because they carry a lot of overhead and debt ... Houston Chronicle  

Saudi Arabia says does not want war after oil tanker attacks   May 19, 2019
A senior Saudi official says the kingdom stands ready to respond with ''all strength and determination''. Rough Cut (no reporter narration). A senior Saudi official says the kingdom stands ready to respond with "all strength and determination". Rough Cut ... Reuters  

Equinor poaches Shell's Gulf asset from Delek   May 19, 2019
While Equinor would be the largest owner of the project, the operator would still be The Woodlands-based Anadarko Petroleum. But Anadarko is currently being sold to Houston's Occidental Petroleum for about $38 billion after outbidding Chevron to buy Anadarko. Houston Chronicle  

Crude Oil Price Update – Reversing Down in Sympathy with Renewed Stock Market Weakness   May 19, 2019
U.S. West Texas Intermediate crude oil futures are trading lower late Friday, reversing all of its earlier gains. The market was boosted early in the session on rising concerns over further Middle ... Yahoo Finance  

MEG Energy Corp. sees highest realized bitumen prices in 4 years   May 19, 2019
The company set a $200-million 2019 budget in January after rival Husky Energy Inc. dropped a hostile takeover bid because it didn't win the needed two-thirds support from MEG shareholders. MEG said Tuesday it cut an unspecified number of staff in February ... CBC.ca  

Crude Oil, Natural Gas Shine, Gold’s Luster Tarnished   May 19, 2019
The energy complex shined last week with crude oil and natural gas posting solid gains. Gold, however, lost its luster as it continued to be pressured by low demand. Crude oil was supported ... Yahoo Finance  

ExxonMobil to Divest Papua New Guinea Field Stake to Santos   May 19, 2019
Exxon Mobil Corporation XOM, along with its partners in the P’nyang natural gas field in Papua New Guinea recently agreed to divest a stake to an Australian energy company Santos Ltd. Per a ... Yahoo Finance  

Kazakhstan Sees Decision on Oil-Cut Deal in June: OPEC+ Update   May 19, 2019
(Bloomberg) -- Kazakhstan expects OPEC+ to make a decision on whether to continue or adjust oil output curbs in June, the country’s Deputy Energy Minister Magzum Mirzagaliyev told reporters in Jeddah, Saudi Arabia. The group will monitor the market and ... Finance Yahoo  

3 Oil Stocks With Less Risk   May 19, 2019
Oil stocks have been fraught with risk in recent years. After a decade of rising oil prices — albeit with some bumps along the way — surging supply caused prices to crater from US$100 per barrel in 2014 to around US$60 per barrel today. Volatility has ... Finance Yahoo  

Utility, regulatory failures led to biggest U.S. gas leak   May 19, 2019
Hong / AP file Breaking News Emails SUBSCRIBE By Associated Press LOS ANGELES — A blowout at a Los Angeles natural gas well in 2015 that led to the largest-known release of methane in U.S. history was the result of a corroded pipe casing, safety failures ... NBC News  

Carlyle in talks with pipeline firms to sell 25% stake in U.S. oil export project: source   May 19, 2019
HOUSTON (Reuters) - Carlyle Group LP is in discussions with three companies that operate pipelines and terminals to sell a 25% stake in its Corpus Christi, Texas, crude oil export terminal for $ ... Reuters  

The Occidental-Anadarko Petroleum Merger's Crude Truth About Oil Prices   May 19, 2019
On the last Friday in April, Warren Buffett got a call from Brian Moynihan, the CEO of Bank of America, asking if he would back Occidental Petroleum’s underdog bid for rival oil driller Anadarko. Yahoo Finance  

Crude Oil, Natural Gas Shine, Gold’s Luster Tarnished   May 18, 2019
The energy complex shined last week with crude oil and natural gas posting solid gains. Gold, however, lost its luster as it continued to be pressured by low demand. Crude oil was supported ... Yahoo Finance  

Iraq Says Oil And Gas Output Unaffected by Exxon Evacuation   May 18, 2019
(Bloomberg) -- The evacuation of some Exxon Mobil Corp. workers from southern Iraq hasn’t affected output there or at other oil and gas fields, according the country’s energy minister. Yahoo Finance  

Chinese Oil Refineries Return To Record-High Production   May 18, 2019
Chinese refineries returned to record-high processing rates last month driven by the so-called teapots, which added a substantial amount of new refining capacity. According to Reuters, the average ... Yahoo Finance  

Bulls And Bears Of The Week: Apple, Chevron, FedEx, Uber And More   May 18, 2019
"3 Reasons Goldman Just Added Chevron To Its America's Conviction List" by Wayne Duggan shows why one top analyst thinks Chevron Corporation (NYSE: CVX) will be just fine after walking away from ... Yahoo Finance  

Equinor poaches Shell's Gulf asset from Delek   May 18, 2019
While Equinor would be the largest owner of the project, the operator would still be The Woodlands-based Anadarko Petroleum. But Anadarko is currently being sold to Houston's Occidental Petroleum for about $38 billion after outbidding Chevron to buy Anadarko. Houston Chronicle  

 Norway-based Equinor is increasing its stake at Gulf's Caesar-Tonga project from 23.55 percent to 46 percent.


This Oil Stock Is About to Turn a Forgotten Field Into a $1 Billion Cash Flow Machine   May 18, 2019
The Bakken shale fueled an economic boom in North Dakota in the early part of this decade. Oil drillers flocked to the region for a chance to unlock the treasure trove of oil trapped in that tight ... Yahoo Finance  

Shale Overhead Costs Under Fire as Investors Drill Even Deeper   May 18, 2019
Ultimately, the biggest cuts will come from consolidation, Tudor Pickering’s Portillo said. Encana Corp., the Canadian driller that produces 91,200 barrels a day from the Permian, cut its executive and senior management roles by 35% and its total ... Yahoo New Zealand  

Global Oil Shipping Concerns Rise Over Middle East Tensions   May 18, 2019
1 day IRAQ War: US soldiers died 4400, Wounded 32,000, US taxpayers spent $1.9 Trillion. How many Saudi or UAE soldiers died ? How much money did UAE or Saudi's spend ? How 'bout Europe "allies" ? OilPrice  

Keyera green-lights $1.3B Alberta natural gas pipeline   May 18, 2019
Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. CBC.ca  

Zero-emission transport trucks set to hit Alberta roads   May 18, 2019
The cheapest way to get hydrogen currently is by converting it from natural gas, a technique that does produce emissions. That's what these trucks will use for the pilot product. However, Layzell said the trucks will be producing fewer emissions than if ... CBC.ca  

Exxon evacuates foreign staff from Iraqi oilfield   May 18, 2019
"ExxonMobil has programmes and measures in place to provide security to protect its people, operations and facilities. We are committed to ensuring the safety of our employees and contractors at ... Yahoo Finance  

IPO Outlook For The Week: Biotechs And Oil   May 18, 2019
Bicycle Therapeutics Ltd (BCYC) will issue more than 4.33 million shares between $14 and $16 Thursday on the Nasdaq. The offering represents 100 percent of outstanding shares and is expected to ... Yahoo Finance  

Report: 2 New Mexico counties among top oil producers   May 18, 2019
HOBBS, N.M. (AP) — Federal numbers say two New Mexico counties remain among the top oil-producing counties in the U.S. The Hobbs News-Sun reports data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing ... Associated Press  

 Two top counties in New Mexico produced around 32 Million Barrels of Oil in January.


The Driving Force Behind Nigeria’s Energy Renaissance   May 18, 2019
Its oil deposits have been a major source of crude for decades, while its less developed natural gas fields offer resources that have yet to be fully tapped. In addition to being a traditional ... OilPrice  

2 10%-Plus High Yielders With 15% To 28% Dividend Growth   May 18, 2019
Divestiture - Noble Midstream, LLC, a subsidiary of Noble Energy, issued an aggregate of 6.5M common units representing its limited partner interests in CNXM at a price of $18.30. (This sale ... Seeking Alpha  

Libya's NOC chief says instability could lead to 95% oil production loss   May 18, 2019
JEDDAH, Saudi Arabia, May 18 (Reuters) - Libya’s National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production ... Reuters  

ExxonMobil: We Don't Need to Follow Chevron's Playbook   May 18, 2019
U.S. oil giant Chevron inked a deal to buy Anadarko Petroleum in April. Although market watchers liked the proposed acquisition, Occidental Petroleum stepped in to spoil the agreement, offering a ... Yahoo Finance  

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