Rosneft sale to be finalised by Dec. 5 MOSCOW, Nov 7 (Reuters) – Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year. The decree, signed by First Deputy Prime Minister […]
Russia signs decree to sell 19.5 per cent Rosneft stake Read More »
Oil prices, stocks improved on Clinton prospects By Ethan Lou NEW YORK, Nov 7 (Reuters) – Oil prices settled more than 1 per cent higher on Monday, supported by news that U.S. Democratic presidential candidate Hillary Clinton will not face charges over her emails. Gains, however, were capped by a rallying dollar on Clinton’s improved prospects,
Oil prices up on Clinton election optimism but dollar, OPEC doubts weigh Read More »
Fracking sand firms saw increased business in Q3 By Ethan Lou and Jarrett Renshaw NEW YORK, Nov 7 (Reuters) – U.S. producers of sand used to extract oil from shale are raising prices due to stronger demand, a sign higher oil prices are improving the outlook for the domestic fracking industry. U.S. shale oil companies, which
U.S. fracking sand firms boost prices in sign of shale recovery Read More »
Oil country tubulars market expected to grow with oil and gas industry slow revival in 2017 Technavio has identified the top five leading vendors in their recent global oil country tubular goods market report. “The current scenario of weaker oil prices will weigh down on the oil country tubular goods market significantly. However, the oil country tubular
Top 5 global oil country tubular goods vendors – Technavio Read More »
Crude oil production in Texas grew by 289,000 b/d in 2015, the largest increase of any state US field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million b/d, according to the US Energy Information Administration. This was the highest crude oil production level since 1972, based on final
2015 US crude oil production highest since 1972, declined since Read More »
Cushing earthquake Sunday damages several buildings, forces evacuations OKLAHOMA CITY, Nov 6 (Reuters) – An earthquake with a preliminary magnitude of 5.0 struck near Cushing, Oklahoma, on Sunday damaging several buildings and prompting evacuations, but there were no reports of injuries, authorities said. The quake was centered 2 miles (3.2 km) west of Cushing, a
Magnitude 5.0 quake strikes near Cushing, Oklahoma -USGS Read More »
Ali al-Naimi memoir titled “Out of the Desert” By Dmitry Zhdannikov and Ahmad Ghaddar LONDON, Nov 4 (Reuters) – As Saudi Arabia prepares for the world’s biggest initial public offering (IPO), memoirs from its former oil minister Ali al-Naimi offer a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco. The
Former Saudi Oil Minister Ali al-Naimi battles against Western “greed” in memoir Read More »
Oil struck in deep waters off Senegal in 2014 By Edward McAllister DAKAR, Nov 4 (Reuters) – In a report last week detailing sub-Saharan Africa’s dire economic outlook, the International Monetary Fund singled out Senegal as a rare bright spot. One key reason: it does not produce oil. While low crude prices have hobbled exporters
Senegal at crossroads as oil boom looms Read More »
InterOil acquisition would give Exxon access to Asian LNG markets Nov 4 (Reuters) – InterOil Corp said on Friday an appeals court in Canada had overturned approval of the natural gas producer’s $2.5 billion sale to Exxon Mobil Corp, throwing the deal’s viability in doubt. The Supreme Court of Yukon ruled for Phil Mulacek, InterOil’s founder
Exxon’s bid for InterOil in doubt after Canadian court ruling Read More »
Gas prices up to an average of about $2.24/gallon in Georgia NEW YORK, Nov 4 (Reuters) – Gas prices in some southeastern states in the U.S. ticked up further on Friday after Colonial Pipeline Co delayed by a day to Sunday the restart of its main gasoline line that was damaged by a fatal explosion in
US gas prices climb as Colonial delays gasoline line restart Read More »
