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Oil Steady Near $52 on Signs of Falling U.S. Crude Inventories   Jan 16, 2019
(Bloomberg) -- Oil steadied near $52 a barrel in New York amid signs that crude inventories fell again in the U.S., the world’s biggest consumer. Futures slipped 0.3 percent after settling 3.2 percent higher on Tuesday. U.S. crude stockpiles fell by ... Finance Yahoo  

 Bloomberg survey found America’s crude inventories probably declined by 2.5 million barrels last week. This makes the stockpiles near the lowest level since early November.


Pembina On The Verge Of Becoming A Petrochemical Player   Jan 16, 2019
Chevron Corporation (NYSE:CVX) is working together with a subsidiary of Kuwait Petroleum to develop the prolific liquids-rich Kaybob region in the Duvernay shale play, and full-fledged development ... Seeking Alpha  

UPDATE 1-Chevron's Gorgon LNG plant in Australia shuts train 3   Jan 16, 2019
SINGAPORE, Jan 16 (Reuters) - Chevron Corp’s Gorgon liquefied natural gas (LNG) project has temporarily halted train 3 to address a mechanical issue, a company ... Royal Dutch Shell each have ... Reuters  

Chevron, Total and Reliance join oil blockchain platform Vakt   Jan 16, 2019
LONDON (Reuters) - Oil majors Chevron (CVX.N) and Total TOTP.PA, along with major Indian refiner Reliance Industries (RELI.NS), have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading ... Reuters  

Encana Is Running Out Of Well Locations In The Eagle Ford   Jan 16, 2019
Encana Corporation bought into the Eagle Ford play back in 2014. Why Encana is unlikely to grow its Eagle Ford production going forward. Even after taking additions from the Austin Chalk formation ... Seeking Alpha  

Chevron, Total join oil blockchain platform   Jan 16, 2019
Another major blockchain venture is getting a boost as oil majors Chevron (NYSE:CVX) and Total (NYSE:TOT), along with major Indian refiner Reliance Industries, join London-based platform Vakt ... Seeking Alpha  

 London-based platform Vakt digitizes and centralizes cargo post-trade processes.


Key African Central Banks to Hold Rates on CPI, Oil Prices   Jan 16, 2019
(Bloomberg) -- Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year -- albeit for different reasons. While the drop in oil prices could ... Yahoo Finance  

UPDATE 2-Tullow Oil hit by payment delay, but sees higher output   Jan 16, 2019
LONDON, Jan 16 (Reuters) - A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher ... Reuters  

U.S. union boss heads to oil contract talks after win for steelworkers   Jan 16, 2019
He faces negotiators from Royal Dutch Shell Plc’s U.S. arm ... Conway helped lead workers through the 2015 strike, triggered when oil-company negotiators failed to ask for an extension of talks after the prior contract expired, said former USW ... Reuters  

Oil falls, U.S. crude dips below $50 on oversupply fears   Jan 16, 2019
NEW YORK (Reuters) - Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global ... Yahoo Finance  

Oil torn between economic slowdown concerns, OPEC-led supply cuts   Jan 16, 2019
SINGAPORE (Reuters) - Oil prices were steady on Wednesday as signs of a global economic slowdown were countered by OPEC-led supply cuts which helped support Brent crude futures above $60 per barrel. International Brent crude oil futures <LCOc1> were at $60 ... Yahoo Finance UK and Ireland  

Industry insiders gather to hear recommendations for addressing ongoing crisis of natural gas price differential   Jan 16, 2019
Leaders in natural gas came together in Calgary on Tuesday to discuss potential measures to address a price differential that continues to plague the industry. The event, hosted by the provincial ... Calgary CTV News  

Bank of Japan to Cut Inflation Forecast on Cheaper Oil   Jan 16, 2019
(Bloomberg) -- The Bank of Japan is almost certain to cut its inflation forecast for the fiscal year starting in April given the sharp fall in oil prices, according to people familiar with the matter. Yahoo Finance  

Oil dips on global economic slowdown, but OPEC-led cuts provide support   Jan 16, 2019
SINGAPORE (Reuters) - Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. International Brent crude oil futures were at $60.53 per barrel at 0403 ... Finance Yahoo  

The FreightWaves Oil Report: Markets Do Something They Hadn't Done For Nine Years   Jan 16, 2019
Oil markets Thursday completed a nine-day stretch of rising prices before reversing course Friday. But consider that on Friday, the business media was getting all excited about the S&P 500 having ... Yahoo Finance  

What Type Of Shareholder Owns Hindustan Oil Exploration Company Limited’s (NSE:HINDOILEXP)?   Jan 16, 2019
If you want to know who really controls Hindustan Oil Exploration Company Limited (NSE:HINDOILEXP), then you’ll have to look at the makeup of its share registry. Institutions will often hold ... Yahoo Finance  

B.C. chiefs gather in Smithers to support Wet'suwet'en hereditary chiefs   Jan 16, 2019
Hereditary chiefs opposed to a natural gas pipeline in Wet'suwet'en territory in Northern British Columbia are holding a gathering of solidarity on Wednesday that is expected to attract Indigenous leaders from across British Columbia. Hereditary chiefs ... CBC.ca  

U.S. oil prices edge down amid uncertain global economic outlook   Jan 16, 2019
SYDNEY, Jan 16 (Reuters) - U.S. oil prices inched lower on Wednesday after gains of more 3 percent in the previous session, pressured by concerns over the outlook for the global economy. Reuters  

Oil Markets Could See Deficit In 2019   Jan 16, 2019
11 hours Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End. Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. OilPrice  

Shell Oil (RDS.A) Gains But Lags Market: What You Should Know   Jan 16, 2019
Shell Oil (RDS.A) closed at $60.42 in the latest ... Heading into today, shares of the oil and gas company had gained 4.68% over the past month, outpacing the Oils-Energy sector's gain of 2.03% ... Yahoo Finance  

PG&E plunges for second day after step toward bankruptcy   Jan 15, 2019
Rothschild did not respond to a Reuters request for comment. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread ... Yahoo Finance  

Enterprise Declares Quarterly Distribution Increase   Jan 15, 2019
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Associated Press  

Exxon Mobil (XOM) Gains But Lags Market: What You Should Know   Jan 15, 2019
Heading into today, shares of the oil and natural gas company had lost 3.26% over the past month, lagging the Oils-Energy sector's gain of 2.03% and the S&P 500's loss of 0.58% in that time. Yahoo Finance  

Natural Gas Price Prediction – Prices Consolidate but the Trend is Higher   Jan 15, 2019
Natural gas prices whipsawed consolidating Monday’s gain as colder than normal weather continues to forecast higher heating demand. The weather over the next 2-weeks is expected to be much ... Yahoo Finance  

Petrobras produced 2.03 mln bpd in Brazil in 2018, shy of target   Jan 15, 2019
Petrobras’ total production of oil and natural gas was 2.63 million barrels of oil equivalent per day (boe/d), with 101,000 boe/d produced abroad, it said. The company had targeted 2.7 million ... Reuters  

Crude Oil Price Update – Look for 2-3 Day Correction after Closing Price Reversal Top Confirmation   Jan 15, 2019
U.S. West Texas Intermediate crude oil futures are trading lower on Monday. The selling is being driven by concerns over lower demand. The catalyst behind the selling pressure is weaker-than ... Yahoo Finance  

Oil ETFs Pop on Global Growth Outlook as China Looks to Stimulus Measures   Jan 15, 2019
This article was originally published on ETFTrends.com. Oil prices and commodity-related ETFs bounced Tuesday on hopes of improved global growth as China considers enacting stimulus measures to ... Yahoo Finance  

Your Monthly-Paid Dividends From 82 All-Cap U.S. Equities And 80 Funds For January   Jan 15, 2019
Crescent Point Energy Corp. (CPG) netted $208.38 based on a median target estimate from seventeen analysts plus estimated annual dividends less broker fees. The Beta number showed this estimate ... Seeking Alpha  

Phillips 66 Partners to Build ACE Pipeline, Holds Open Season   Jan 15, 2019
The ACE Pipeline System is expected to ship crude oil from the market ... Houston, TX-based Shell Midstream Partners, L.P. SHLX is a midstream energy company. For 2019, its bottom line, which ... Yahoo Finance  

Oil Resumes Rally as Stockpiles Seen Lower, China Eyes Tax Cuts   Jan 15, 2019
(Bloomberg) -- Oil climbed as investors anticipated another decline in U.S. crude inventories and China promised to slash taxes to avert an economic slowdown. Futures in New York rose 3.2 percent ... Yahoo Finance  

Crude Oil Price Forecast – crude oil markets rally to confirm support   Jan 15, 2019
The WTI Crude Oil market rallied a bit during the trading session on Tuesday, using the $50 level as support. The 20 day EMA underneath is starting to turn higher, and it sits just below that level. Yahoo Finance  

Oil Prices Stabilize After API Reports Minor Crude Draw   Jan 15, 2019
The American Petroleum Institute (API) reported a crude oil inventory draw of 650,000 barrels for the week ending Jan 11, compared to analyst expectations that we would see a draw in crude oil ... OilPrice  

Natural Gas Price Forecast – natural gas markets show signs of failure again   Jan 15, 2019
Natural gas markets spiked early on Tuesday, reaching towards the $3.75 level before falling from there. We have reached to the $3.50 level, and it now looks as if we are ready to fall and try to ... Yahoo Finance  

Oil & Gas Stock Roundup: Shell's Olefins Unit Start-Up, SemGroup's JV & More   Jan 15, 2019
It was a week where both oil and gas prices logged gains. On the news front, Royal Dutch Shell plc RDS.A started up its fourth linear alpha olefins unit at its chemicals plant in Geismar, LA ... Yahoo Finance  

LaSalle school to reopen after CO poisoning; some children remain in hospital   Jan 15, 2019
Carbon monoxide detectors not required in Quebec schools According to Quebec's building code it is recommended, although not obligatory, for buildings that rely on oil, natural gas, or wood ... CTV Montreal News  

Russia’s Looks To Build ‘LNG Island’ To Supply Booming Asian Market   Jan 15, 2019
Related: Another Crucial Canadian Pipeline Runs Into Trouble Russia’s LNG supply focus on Asian markets is not surprising at all, considering that natural gas demand in Asia, and China ... OilPrice  

U.S.-Qatar Energy Partnership Has Russia On Edge   Jan 15, 2019
It’s been well noted on my OilPrice.com posts over the past year that President Donald Trump isn’t happy with where and even how much of Europe procures its natural gas. It’s still been less ... OilPrice  

Trindent Consulting Adds Oil & Gas and Healthcare Executives to Advisory Board   Jan 15, 2019
Bob Baird has over 36 years of experience in the oil & gas industry, most recently as Senior Vice President, Downstream at Husky Energy in Calgary, Alberta. "As a former client of Trindent, I know first-hand the results that Trindent has achieved in our ... MarketWatch  

Saudi minister 'very optimistic' about oil market   Jan 15, 2019
Abu Dhabi (AFP) - Saudi Energy Minister Khalid al-Falih said on Tuesday he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices. Yahoo Finance  

Oil Price Fundamental Daily Forecast – Underpinned by Increased Appetite for Risk   Jan 15, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Tuesday, supported by upbeat comments from Chinese officials that suggest strong future ... Yahoo Finance  

Oil prices drag down Wyoming revenue forecasts   Jan 15, 2019
CHEYENNE, Wyo. (AP) — A drop in oil prices has dragged down Wyoming’s revenue forecasts. New estimates released Monday by the Consensus Revenue Estimating Group have reduced expected state revenue for 2019-2020 by $125.1 million from its October ... Associated Press  

Oil rises about 3 percent on economic stability hopes   Jan 15, 2019
NEW YORK (Reuters) - Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s ... Reuters  

Could Oil Prices Rise By $25 Per Barrel In 2019?   Jan 15, 2019
As we begin 2019, the energy markets and the stock markets are experiencing incredible volatility. Both underwent steep declines during the latter part of last year, but both are off to a fast ... OilPrice  

OPEC Cuts Are Already Paying Off   Jan 15, 2019
Haynesville shale to break new records. Natural gas production in the Haynesville shale in Louisiana could soon break new production records. The Haynesville added 1.3 billion cubic feet per day ... OilPrice  

First U.S. Crude Oil In Months Heads To China   Jan 15, 2019
Three U.S. crude oil cargoes are currently headed to China in what could be the first Chinese purchase of American crude since the trade war escalated last summer and since the ‘trade-war truce ... OilPrice  

Recent editorials from Texas newspapers   Jan 15, 2019
Midland Reporter-Telegram. Jan. 14, 2019. The majors are coming. The majors are coming. ExxonMobil “planted its flag as the most active driller” in 2018,” Blum wrote. This “supermajor” has plans to surpass 600,000 barrels a day in the Permian by ... Associated Press  

Middle East Gas Game Accelerates As ENI Wins Concessions   Jan 15, 2019
bringing the company in as one of the major players in the Arabian Gulf constellation. After the retreat of Dutch oil major Shell, the main European giant taking the lead until now was French oil ... Yahoo Finance  

Saudis Plan To Link UAE, Kuwait, Oman In Regional Gas Grid   Jan 15, 2019
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the Kingdom’s gas to the United Arab Emirates (UAE ... OilPrice  

Norway’s Oil Production To Fall To 30-Year Low   Jan 15, 2019
Despite cost controls, increased efficiency, and higher activity offshore Norway, oil production at Western Europe’s largest oil producer fell in 2018 compared to 2017 and is further expected to ... OilPrice  

Norway’s Exclusive Claim Over Arctic Oil Exploration At Stake In Crab Case   Jan 15, 2019
Norway’s exclusive right to explore for oil and gas in parts of its continental shelf are at stake in a fascinating Supreme Court case focused on a marine species: the snow crab, Reuters reports. OilPrice  

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