2017 pace picking up on rebounding commodity prices, surge in M&A activity Depressed oil prices took the wind out of US oil and gas capital markets in 2016, according to a new report from PLS Inc., a Houston-based oil and gas research firm. Report highlights: 2016 aggregate value of $186 billion across 346 bond and equity […]
US oil/gas industry raised $186 billion through public offerings in 2016 Read More »
Noble Energy loss narrowed to $252 million from $2.03 billion Feb 13 (Reuters) – U.S. oil and gas producer Noble Energy Inc reported a surprise adjusted profit for the fourth quarter, helped by lower expenses and higher oil prices. Oil producers are betting big on a rise in crude prices by raising capital spending and
Noble Energy posts surprise adjusted profit Read More »
LNG prices fell on weak demand, steady supplies By Oleg Vukmanovic MILAN, Feb 13 (Reuters) – Asian spot prices for LNG delivery in March fell during the week ended Feb. 10 on weak demand and steady supplies despite loading disruptions caused by bad weather at some Australian ports. Companies including U.S. LNG producer Cheniere Energy and
LNG prices slide as supplies emerge from key regions Read More »
Liquidity has been high in the last seven weeks By John Kemp LONDON (Reuters) – Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a
Hedge fund positioning in oil looks stretched: Kemp Read More »
Brent spreads reflect expected evolution of supply-demand-stocks balance in coming months By John Kemp Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. Brent futures are trading close to full contango or full carry through until June
Brent spreads imply big draw down in crude stocks after June: Kemp Read More »
Oil prices rise on news that OPEC deal has 92 per cent compliance By Devika Krishna Kumar NEW YORK, Feb 10 (Reuters) – Oil prices rose on Friday after reports that OPEC members delivered more than 90 per cent of the output cuts they pledged in a landmark deal that took effect in January. Supply from
Oil prices up nearly 2 per cent on signs of widespread OPEC deal compliance Read More »
OPEC’s overproduction end of 2016 delayed eventual draw down in crude stocks By John Kemp OPEC members have reportedly achieved a high level of compliance with the production cuts announced in Nov. but their efforts to ramp up output ahead of the accord have left the market with a nasty hangover from 2016. Compliance has
OPEC supply surge has left oil market nursing a hangover: Kemp Read More »
Occidental Petroleum general, administration and explorations costs up Feb 9 (Reuters) – Oil and gas producer Occidental Petroleum Corp reported a larger-than-expected quarterly loss as a rise in oil prices failed to offset higher costs, and the company said it expected to spend less this year than it had originally estimated. The company said it
Occidental Petroleum Q4 loss bigger than expected due to higher costs Read More »
Oil prices up, but market to be over-supplied for some time: Goldman Sachs By Jessica Resnick-Ault New York, Feb 9 (Reuters) – Oil prices held onto gains on Thursday with U.S. prices rising on evidence that gasoline demand could strengthen in the world’s biggest oil market, although bloated crude supplies meant that fuel markets remain under
Oil prices up after gasoline stock draw, but market bloated Read More »
Suncor biggest Alberta oilsands producer CALGARY, Alberta, Feb 8 (Reuters) – Suncor Energy Inc , Canada’s largest oil and gas company, reported a larger-than-expected fourth-quarter profit on Wednesday as a result of higher global crude prices and improved reliability at the Syncrude oilsands project. The company reported net earnings of C$531 million or 32 Canadian
Suncor reports Q4 profit and record production Read More »
