• +1 (610) 764-1232
WTI prices tumble over 20% on fragile market
  • Home
  • Business Listings
    • Marcellus
    • Utica
    • Permian
    • Eagle Ford
  • News & Media
    • Blog
    • Newsletter
      • Subscribe
    • Podcasts
  • Events
  • Jobs
  • Become a Member
  • About
  • Contact
  • Home
  • Business Listings
    • Marcellus
    • Utica
    • Permian
    • Eagle Ford
  • News & Media
    • Blog
    • Newsletter
      • Subscribe
    • Podcasts
  • Events
  • Jobs
  • Become a Member
  • About
  • Contact

Brent

  • Joe Barone, Shale Directories
  • Blog
  • April 28, 2020

WTI prices tumble over 20% on fragile market

U.S. crude oil prices tumbled over 20% on Monday after the United States Oil Fund (USO) announced it would sell all its futures contracts for June delivery over a four-day period.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • April 22, 2020

Crude oil prices plunge on unchanged fundamentals

As WTI crude prices plummeted into a negative territory for the first time in history, downward pressure continued on Tuesday pushing both WTI and Brent future prices down.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • April 22, 2020

WTI price crash to affect UKCS producers

The historic sub-zero crash in West Texas Intermediate (WTI) crude oil prices on Monday is a stark reminder of volatility and risks to smaller producers offshore UK, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • April 3, 2020

Oil prices rally over 30% on hopes of output cuts

Crude oil prices rallied on Thursday after U.S. President Donald Trump said Saudi Arabia and Russia could agree on cut production by 10 million barrels, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 23, 2020

Fitch cuts 2020 Brent price forecast by $21.50/Bbl ?

Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 17, 2020

Crude oil prices plummet on growing surplus

Crude oil prices plummeted on Monday as the coronavirus’ fast spread around the world is killing global oil demand, and supply continues surging, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 12, 2020

Saudi Arabia, UAE to flood oil markets in April

As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 10, 2020

Oil prices collapse 30%, may dip into $20s

Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 3, 2020

Oil prices rebound on hopes Opec, central banks will act

Crude oil prices rebounded on Monday after the massive sell-off in commodities and equities last week, on hopes central banks will support their economies and the Opec+ alliance will not disappoint, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • March 3, 2020

BofA cuts crude price forecast by $8 a barrel

Strategists at the Bank of America’s Global Commodity Research have changed their 2020 forecast for crude oil prices by $8 a barrel, due to the impact of the coronavirus outbreak on the global economy.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 28, 2020

Crude falls for 5th day on demand concerns

Crude oil prices fell for a fifth straight trading day Thursday, to their lowest point in 13 months, as a growing number of new coronavirus cases outside China fueled fears of a pandemic, which could slow the global economy and lower crude demand.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 28, 2020

Upstream’s biggest coronavirus fear is prices

Wood Mackenzie said Thursday the biggest commercial fear for the upstream oil and gas sector from the coronavirus epidemic is its impact on commodity prices, not project delays, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 27, 2020

Crude slides, tumbling deeper into bear market territory

Crude oil prices on average dropped more 2.5% Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East fired concerns energy demand would decline, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 26, 2020

Brent under $55, WTI under $50 after latest drops

Brent crude oil fell below $55 a barrel Tuesday, dropping for a third day, as fear of the spread of the coronavirus and its impact on oil demand outweighed Opec+ output cuts and Libyan supply losses, Kallanish Energy finds.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 25, 2020

Oil slides, posts worst day in more than a month

Crude oil on average slid more than 3.5% Monday, falling into bear market territory as the number of coronavirus cases outside of China jumped, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 21, 2020

Crude gains on smaller-than-expected inventory build

Crude oil prices rose Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude inventories, Kallanish Energy reports. Gains, however, were held down by continuing worries about the spread of the Coronavirus outside China.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 20, 2020

Oil jumps on slowing virus cases, US move on Rosneft unit

Crude oil prices jumped 2.4% Wednesday as traders’ worries eased about demand declining due to the spread of the coronavirus in China, while supplies tightened as the U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 19, 2020

Crude scarcely moves in Tuesday trading

Crude oil prices were little changed Tuesday, held down by concerns over the impact on crude demand from the coronavirus outbreak in China, and the lack of movement by Opec+ to further lower production.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 18, 2020

Oil up as output cut hopes offset coronavirus concern

Crude oil prices were up slightly Monday as concerns over the economic impact of the coronavirus outbreak in China were offset by expectations potential Opec+ production cuts could tighten global crude supply.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 17, 2020

Global petro, liquids forecast to fall: STEO

Global petroleum and liquid fuels demand will average 100.3 million barrels per day (Mmbpd) in the first quarter of 2020, the Energy Information Administration projects in its February Short-Term Energy Outlook (STEO).
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 14, 2020

Crude oil rises for third straight session

Crude oil prices rose Thursday, as investors hoped many of the world’s biggest oil producers would cut more output, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 12, 2020

Oil rebounds from 13-month low

Crude oil prices inched up from 13-month lows Tuesday as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction, Kallanish Energy understands.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 10, 2020

Crude falls 1%, as Russia needs time to mull more cuts

Crude oil prices fell 1% Friday as Russia said it needed more time before committing to additional production cuts sought by other members of Opec+, even as the coronavirus outbreak caused questions about global crude demand.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 7, 2020

Oil moves higher as traders eye production cuts

An Opec+ committee has recommended an additional cut in oil output totaling 600,000 barrels per day in response to the coronavirus’ impact on energy demand as it awaits Russia’s final position on the proposal, three sources told Reuters.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • February 5, 2020

Crude up as demand fear outweighs hope for more Opec+ cuts

Crude oil prices were little changed Tuesday as fear energy demand would be negatively impacted long-term by the coronavirus outbreak offset prospects for more crude production cuts by Opec+ members.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • January 16, 2020

Oil down slightly after US-China trade deal, US product build

Crude oil prices were down slightly Wednesday, pressured early by data showing big increases in U.S. refined products, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • January 13, 2020

Crude slips as investors focus on US inventories

Brent crude oil slipped further towards $65 a barrel on Friday as tensions in the Middle East concerning Iran eased as investors focused on rising U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • January 9, 2020

Crude falls after Trump says Iran ‘appears to be standing down’

Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 19, 2019

Crude Oil down slightly after smaller-than-expected US inventory fall

Crude oil prices slightly fell Wednesday after Energy Information Administration data showed a decline in crude inventories and on expectations for an increase in demand in 2020 due to progress in resolving the U.S.-China
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 12, 2019

Crude oil falls on surprise US inventory build

Crude oil prices dropped roughly 1% Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a new round of tariffs by Washington on Chinese goods would come into force Sunday.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 11, 2019

Oil rises, but US-China trade war impacts outlook

Crude oil prices slightly rose Tuesday as Opec+’s deal last week to raise output cuts in 2020 continued to provide a floor for prices.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 9, 2019

US crude posts best week since June, on Opec+ news

Crude oil rose Friday as Opec+ agreed to raise production cuts another 500,000 barrels a day through March 2020, bringing total production cuts to 1.7 million barrels a day, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 5, 2019

Oil up on eve of Opec meeting

Crude oil gained roughly 4% Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from Opec+ lifted prices, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • December 4, 2019

Oil up and down prior to Opec meeting

Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 27, 2019

Oil gains as optimism rises on US-China talks

Crude oil prices slightly rose Tuesday after news U.S. and Chinese officials had discussed trade, while predictions for a weekly draw on U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 26, 2019

Oil rises as traders bet on trade deal, economic rebound

Crude oil rose Monday after posting three straight weeks of gains, nudged higher by positive comments from the U.S. and China rekindled hopes in global markets the world’s two largest economies could soon sign an interim deal to end their trade war.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 22, 2019

Crude jumps on hopes of longer Opec cuts

Crude oil prices rose more than 2% Thursday, following a Reuters report Opec+ members are likely to extend output cuts until mid-2020, while new signs emerged China had invited U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 21, 2019

Crude up on smaller-than-expected US inventory build

Crude oil prices moved into the black Wednesday, reversing two days of losses, following a smaller-than-expected build in U.S. inventories, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 20, 2019

Oil falls sharply on oversupply fears, trade talk concerns

Crude oil fell more than 2.5% Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 15, 2019

Crude falls on larger-than-expected US inventory

Crude oil prices fell Thursday as U.S. crude futures were squeezed by a build in domestic inventories and record production, while forecasts from Opec for a lower-than-expected oil surplus supported Brent.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 13, 2019

Crude prices rise on no news on trade talks

Crude oil prices rose roughly 1% Tuesday following a speech from U.S. President Trump that offered few new details about Washington’s trade talks with Beijing, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 8, 2019

Oil jumps on hopes for US-China trade deal

Brent and West Texas Intermediate crudes rose Thursday after China hinted at progress towards a trade deal with the U.S., raising hopes for an end to a dispute that’s weighed on economic growth and fuel demand in both countries.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • November 6, 2019

Oil gains on trade deal hopes, better demand outlook

Crude oil prices rose more than 1% Tuesday on hopes for a U.S.-China trade agreement and optimism Washington could roll back some of the tariffs it has imposed on Chinese imports, Kallanish Energy learns.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 29, 2019

Crude oil futures fall, after strong week

Crude oil futures settled lower Monday, falling after last week’s strong climb lifted crude prices to a one-month high, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 27, 2019

Oil prices clock strong weekly gains

Crude oil prices rose Friday, registering the strongest weekly gains in more than a month, Kallanish Energy reports. The gains were due from optimism over a U.S.-China
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 25, 2019

Oil prices slip on weak demand outlook weighs on market

Crude oil prices fell Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude oil inventory drawdown in the U.S.,
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 24, 2019

Crude futures rally following US inventory draws

Crude oil futures rose Wednesday after the Energy Information Administration reported draws in crude and refined products inventories for the first time in five weeks, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 23, 2019

Oil prices climb as Opec+ mulls deeper output cuts

Crude oil prices rose slightly Tuesday after China signaled progress in trade talks with the U.S. and Opec+ mulled deeper production cuts, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 21, 2019

Oil falls as China’s economic concerns outweigh refining

Crude oil prices were lower Friday, as concerns about China’s economy outweighed strong signals from its refining sector, Kallanish Energy learns.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 17, 2019

Oil rises on hopes Opec+ will extend supply cuts

Crude oil rose Wednesday, due to signs Opec+ producers will agree to continue to curb supplies when they meet in December, a weaker U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 14, 2019

Oil prices jump after Iran says missiles strike its tanker

Crude oil prices rose Friday after Iranian state media said two rockets had struck an Iranian tanker traveling through the Red Sea. Brent crude futures were up 2.4%, to $60.51 a barrel, with West Texas Intgermediate futures settling 2.2% higher, at $54.70/Bbl, Kallanish Energy reports. 
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 10, 2019

Oil mixed amid military action in Syria, rising inventories

Crude oil prices were mixed Wednesday as Turkey launched an offensive in Syria that could disrupt the region’s crude production, and on hopes of progress in the U.S.-China
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 9, 2019

Brent to average $60/Bbl in 2020: STEO

Brent crude oil spot prices will average $59 per barrel in the fourth quarter of 2019, then fall to $57/Bbl by the second quarter of 2020, $5/Bbl lower than forecast one month ago, the Energy Information Administration reported Tuesday in its October Short-Term Energy Outlook (STEO).
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 7, 2019

Crude prices flat as US-China trade talks near

Crude oil prices ended Monday’s trading session little changed as U.S.-China trade talks are slated to resume later this week, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 3, 2019

Oil slides as US inventories build

Crude oil prices fell Wednesday after Energy Information Administration data showed a third straight week of higher U.S. crude inventories, adding to worries about an oversupplied market as weak economic data in the U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2019

Oil slips as weak US economic data hurts demand outlook

Crude oil prices slipped Tuesday, pressured as weak U.S. economic data hurt crude’s demand outlook, while reports of a third-quarter output decline from the world’s largest oil producers kept prices from falling further.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • September 27, 2019

Oil edges lower as supply concerns weigh on price

Crude oil prices fell Thursday as new details connected to the impeachment inquiry into U.S. President Trump weakened demand sentiment, while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • September 25, 2019

Oil plummets after Trump ratchets up US-China trade war

Crude oil prices fell 2% Tuesday as President Trump fanned market fears China-U.S. trade tensions are far from settled amid ongoing negotiations, a negative sign for oil demand growth.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • September 24, 2019

Oil rises on Saudi supply concerns

Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • September 20, 2019

Crude oil prices rise slightly

Crude oil prices rose slightly Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S.
Read More

Upcoming Events

View all
  • Southeast RNG Conference | Charlotte, NC

    Date: October 4, 2023

    Time: 7:00 am to 4:00 pm

    Favorite

TOPICS

Blog (3216) climate change (421) Company News (1324) coronavirus (249) Crude Oil (715) electricity (590) energy prices (297) Energy Security (425) Environment and Health (1401) Europe (349) Featured (927) fracking (382) Fracking Opposition (866) gas (347) global warming (865) Government (642) green eggs and scam (365) Hydraulic Fracturing (447) Industrywide Issues (357) infrastructure (623) International (570) LNG (420) Marcellus Shale (865) National (632) natural gas (2858) NaturalGasNOW (281) natural gas now (282) News (1860) New York (699) North America (816) Offshore (359) oil (354) Onshore (781) Pennsylvania (1135) Pipeline (291) Pipelines (1042) Political Correctness (658) politics (722) Renewables (1073) Shale Business Information (1555) Shale Gas Economics (1481) Texas (283) Unconventionals (427) Utica Shale (294) World (298)

Posts navigation

1 2 3 »

© 2023 Shale Directory, LLC. All rights reserved.

  • Home
  • Business Listings
  • About
  • Advertise
  • Blog
  • Newsletter
  • Privacy Policy
  • Terms of Use
  • Contact