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Iraq's southern oil exports at 3.5 million barrels a day so far in May, official says   May 18, 2019
BASRA, Iraq (Reuters) - Iraq's oil exports from its southern ports have reached 3.5 million barrels a day (bpd) crude oil as of Saturday, South Oil Company chief Ihsan Abdul Jabbar told Reuters. Yahoo Finance  

3 Oil Stocks With Less Risk   May 18, 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  

This High-Yield Stock Just Added More Fuel to Its Dividend Growth Plan   May 18, 2019
Story continues And the company should continue to benefit from the embedded organic growth of its legacy oil and gas pipeline infrastructure in the Gulf of Mexico. Not only does Shell have new ... Yahoo Finance  

ExxonMobil employees evacuating oil field in southern Iraq   May 18, 2019
BAGHDAD -- Employees of energy giant ExxonMobil have begun evacuating from an oil field in the southern Iraqi province of Basra but work at the field is still ongoing, Iraqi officials said Saturday. The evacuation comes amid rising tensions between the ... CTV News  

UAE energy minister says oil stocks building up, OPEC job not done   May 18, 2019
JEDDAH, Saudi Arabia (Reuters) - United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday that global oil inventories are still building up particularly in the United States, and ... Yahoo Finance  

Receiver named for Trident Exploration at request of Orphan Well Association   May 18, 2019
It blamed its demise on low natural gas prices and high lease and property tax bills, along with capacity constraints on TransCanada Corp.'s NGTL gas pipeline system. It says a restructuring and sales process with its lenders failed due to issues it linked ...  

Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed   May 18, 2019
JEDDAH, Saudi Arabia (Reuters) - Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil ... Finance Yahoo  

Oil Price Fundamental Daily Forecast – Supported by Rising Middle East Tensions   May 18, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the U.S. opening on Friday. The markets are also on track for their first weekly ... Yahoo Finance  

Russia to release first data on losses linked to contaminated oil on May 20: RIA   May 18, 2019
MOSCOW (Reuters) - A joint commission of Russian and Belarusian representatives will give the first numbers concerning losses incurred from contaminated oil on May 20, RIA news agency cited Russia’s Deputy Prime Minister Dmitry Kozak as saying on Saturday. Reuters  

Iran changes tactics, destinations on oil exports, maritime official says   May 18, 2019
(Reuters) - Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the semi-official ILNA news agency. “The Oil ... Reuters  

Middle East Tensions Put Oil Markets On Edge   May 18, 2019
The escalating trade war between the U.S. and China is keeping oil prices subdued, but the fear premium seems to be growing by the day as tensions across the Middle East threaten outages and even war. Yahoo Finance  

Crude Oil Price Forecast – Crude oil markets recover on Thursday   May 18, 2019
Despite the US/China trade war, it looks as if the WTI Crude Oil market continues to thrive. Breaking towards the top of the massive shooting star that we had formed on Monday is doing wonders for the bullish attitude of this market, and it now looks like ... Yahoo New Zealand  

Tracking Seth Klarman's Baupost Group Holdings - Q1 2019 Update   May 18, 2019
Baupost Group increased eBay, Liberty Global, PG&E, and CBS Corp., while reducing Pioneer Natural Resources and Cheniere Energy. The portfolio continues to be heavily concentrated with the top ... Seeking Alpha  

Canadian Senate committee passes 187 amendments to energy project bill   May 18, 2019
“We’ve said all along that this legislation must allow our industry to remain competitive and not stand in the way of improved market access for Canada’s oil and natural gas resources,” said Cenovus Energy spokeswoman Sonja Franklin. “At first ... Reuters  

Why Anadarko Petroleum (APC) Might be Well Poised for a Surge   May 18, 2019
Anadarko Petroleum (APC) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue ... Yahoo Finance  

Total CEO Eyed Anadarko Assets for a Year Before $8.8 Billion Deal   May 18, 2019
(Bloomberg) -- Total SA had an eye on Anadarko Petroleum Corp.’s assets in Africa for over a year, Total Chief Executive Officer Patrick Pouyanne said. So, as Occidental Petroleum Corp. CEO ... Yahoo Finance  

Eco (Atlantic) Oil and Gas Ltd Announces Exercise of Options and Warrants   May 18, 2019
TORONTO, ON / ACCESSWIRE / May 17, 2019 / Eco (Atlantic) Oil & Gas Ltd. ("Eco", "Eco Atlantic", "Company" or, together with its subsidiaries, the "Group") (AIM: ECO, TSX-V: EOG), the oil and gas ... Yahoo Finance  

UPDATE 1-Argentina grants offshore oil, gas exploration permits in Malvinas West basin   May 18, 2019
BUENOS AIRES, May 17 (Reuters) - Argentina awarded permits for hydrocarbon exploration in 18 areas off its southern coast to companies including Exxon Mobil Corp, Total SA , YPF SA and Royal Dutch ... Reuters  

SEC investigating Alta Mesa’s finances   May 18, 2019
Anadarko Petroleum chairman and CEO James Hackett speaking at the annual CERA Week energy in 2012. Anadarko Petroleum chairman and CEO James Hackett speaking at the annual CERA Week energy in 2012. Caption Close Anadarko Petroleum chairman and CEO James ... Houston Chronicle  

Scheer pitches east-west energy corridor, blasts Trudeau for 'all-out attack' on oil   May 18, 2019
Conservative Leader Andrew Scheer said today he wants to do away with many of Prime Minister Justin Trudeau's economic initiatives — with the notable exception of the Canada Child Benefit — as he looks to balance the federal books and jump-start ...  

Natural Gas Price Prediction – Prices Whipsaw as Demand Rises   May 17, 2019
Natural gas prices whipsawed and edged lower on Friday, following Thursday’s report from the Department of Energy that showed that inventories grew in line with expectations. The 106 BCF build ... Yahoo Finance  

Physical Oil Traders Are Desperate for Crude   May 17, 2019
(Bloomberg) -- From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks to ... Yahoo Finance  

UPDATE 2-Oil steady as Middle East tensions mounts, set for weekly gains   May 17, 2019
TOKYO, May 17 (Reuters) - Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears ... Reuters  

SEC investigating Alta Mesa’s finances   May 17, 2019
Anadarko Petroleum chairman and CEO James Hackett speaking at the annual CERA Week energy in 2012. Anadarko Petroleum chairman and CEO James Hackett speaking at the annual CERA Week energy in 2012. Caption Close Anadarko Petroleum chairman and CEO James ... Houston Chronicle  

Natural Gas Weekly Price Forecast – Natural gas markets gain again this week   May 17, 2019
Natural gas markets rallied a bit during the trading week, reaching towards the $2.70 level, an area that features the 50 day EMA. Because of this, it’s not a huge surprise to think that perhaps ... Yahoo Finance  

Natural Gas Price Forecast – Natural gas markets chop back and forth on Friday   May 17, 2019
Natural gas markets have gone back and forth during the trading session on Friday, showing signs of indecision which would make sense as we are heading into the weekend. Natural gas markets have ... Yahoo Finance  

Crude Oil Price Forecast – Crude oil markets fell at resistance   May 17, 2019
The WTI Crude Oil market has initially spiked higher during the trading session on Friday, as we reached towards the $63.66 level. This is an area that the market broke down from previously, and ... Yahoo Finance  

ExxonMobil to Divest Papua New Guinea Field Stake to Santos   May 17, 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  

South Texas oil producer 1776 Energy up for sale   May 17, 2019
May 17 (Reuters) - Privately held 1776 Energy Operators LLC told Reuters on Friday it would put itself up for sale, after sources familiar with the South Texas-focused oil and gas producer said ... Reuters  

Another oil and gas company fails in Alberta — and more than a dozen others are teetering   May 17, 2019
There's another victim in Alberta of the persistently low oil and gas prices after Trident Exploration ceased operations this week and several other companies could suffer the same fate.  

 Trident Exploration declared bankruptcy and blamed it mainly on low commodity prices and a lack of export pipeline capacity.

Russia Finally Brings Oil Production Below OPEC+ Cap   May 17, 2019
A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in line with its share of the ... OilPrice  

Oil Gains as Middle East Risks Offset Surprise Stock Build   May 17, 2019
The data from EIA generally acts as a catalyst for crude prices and affect producers, such as ExxonMobil XOM, Chevron CVX and ConocoPhillips COP, and refiners such as Valero Energy VLO ... Yahoo Finance  

Mounting tensions with Iran, China leave oil prices in flux   May 17, 2019
NEW YORK — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two ... Finance Yahoo  

Shale Overhead Costs Under Fire as Investors Drill Even Deeper   May 17, 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 ... Yahoo Finance  

Total Declares Force Majeure On German Refinery After Russian Oil Contamination   May 17, 2019
France’s Total has halted some of the units at its 230,000-bpd Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an oil ... OilPrice  

Crude Scales Back Weekly Advance as China Downplays Trade Talks   May 17, 2019
U.S. President Donald Trump set a six-month deadline for EU and Japan auto-import talks. Total SA had an eye on Anadarko Petroleum Corp.’s assets in Africa for over a year, Chief Executive Officer Patrick Pouyanne said. Bloomberg L.P.  

Degner named COO of Range Resources   May 17, 2019
He won a 2015 Energy Leadership Award from the Pittsburgh Business Times, and has been in the oil and gas industry for more than two decades, having worked at Halliburton, Encana and Sierra Engineering previously. The Business Journals  

Rice team narrows its board of EQT director candidates   May 17, 2019
It said two of EQT's recently announced slate of directors "appeared qualified to serve on the EQT board": Janet Carrig, who recently retired as SVP and general counsel of ConocoPhillips, and former Energen CEO James T. McManus II. “While we are pleased ... The Business Journals  

IMO agrees on stricter efficiency targets for some ships   May 17, 2019
New general cargo ships, gas and liquefied natural gas (LNG) carriers and hybrid diesel-electric cruise ships will also have to be up to 30 percent more efficient by 2022. “Your work in this ... Reuters  

Independence Contract Drilling, Inc. to Participate in the 20th Annual B. Riley FBR Investor Conference   May 17, 2019
About Independence Contract Drilling, Inc. Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company owns ... Yahoo Finance  

U.S. oil drillers cut rigs to lowest count since March 2018: Baker Hughes   May 17, 2019
(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut spending. Despite those cuts, production in ... Reuters  

Suncor Energy reports first quarter 2019 results   May 17, 2019
CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- “Suncor’s integrated model has consistently generated positive results through changing market conditions, including mandatory production ... Yahoo Finance  

Oil Retreats From Highs as Iran War Talk Loses Traction   May 17, 2019 - Iran and oil's war worries have to wait. Attention is back to China and the trade war. Crude futures rowed back much of Friday's early gains that would have made it a four-day ... Yahoo Finance  

Haiti Struggles Without Electricity As Cheap Venezuelan Oil Flow Stops   May 17, 2019
Venezuela’s crisis and plunging oil production impact countries in the Caribbean as well, as most people in the poorest nation in the Western hemisphere, Haiti, now have electricity just three ... OilPrice  

Southwestern Energy target cut, pulled as Alpha Generator at B. Riley FBR   May 17, 2019
Also, B. Riley maintains its Alpha Generator status for Range Resources (RRC-4.5%) but cuts its price target to $15 from $21 to reflect its lower nat gas price outlook, but the firm expects the ... Seeking Alpha  

Total eyed Anadarko assets for a year before $8.8B deal, CEO says   May 17, 2019
Total (TOT +0.7%) CEO Patrick Pouyanne says he had an eye on Anadarko Petroleum's assets in Africa for at least a year, so "it was just a matter of sending an email" to Occidental Petroleum CEO ... Seeking Alpha  

Ukraine says oil transit to Europe suspended until Monday   May 17, 2019
KIEV (Reuters) - Ukraine's pipeline operator Ukrtransnafta confirmed on Friday that Russian oil flows transiting it to Europe were suspended, but said normal oil transmission would resume from Monday. Yahoo Finance India  

Crude Oil Price Update – Ready to Cross to Bullish Side of Major Fibonacci Level at $63.36   May 17, 2019
U.S. West Texas Intermediate crude oil futures are trading higher on Thursday and is currently in a position to finish higher for the week. The market is being supported by speculative buying in ... Yahoo Finance  

Oil set for weekly gain on threat of Mideast supply disruptions   May 17, 2019
NEW YORK (Reuters) - Oil prices steadied on Friday, with both benchmarks on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions. Iran said on Friday it could ... Reuters  

Oil Prices Are Being Hit By The Perfect Storm—And Laughing It Off   May 17, 2019
Oil markets do not have a reputation for being particularly zen. Volatile and quick-to-react, crude oil futures have a tendency to swing wildly and sometimes irrationally, often going in exactly ... Yahoo Finance  

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