- Joe Barone, Shale Directories
- Blog
- August 2, 2019
OPEC output lowest since 2011: survey
Opec crude oil output hit an eight-year low in July as a larger voluntary cut by Saudi Arabia deepened losses caused by U.S.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
The Permian is the ‘swing producer in the world’: Souki
While predicting crude oil price swings is risky business, liquefied natural gas export player and Tellurian chairman Charif Souki said last week the Permian Basin in West Texas/southeast New Mexico is the world market’s gatekeeper, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 30, 2019
Oil falls after vow to normalize trade with Iran
Crude oil prices fell just before the settlement Friday after the remaining parties to the Iran nuclear deal vowed to help normalize trade with the country.- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Energy Dominance Era Is Here for Real in America
... … … Make no mistake. The era of real American energy dominance has finally arrived thanks to the ingenuity and industriousness of our oil and gas sector.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
WTI, Brent crudes rise Friday, for week
Crude oil futures rose Friday, with U.S. West Texas Intermediate up more than 9% for the week and Brent crude gaining 5%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Crude oil surges after Trump says Iran made big mistake
Crude oil jumped Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter, Kallanish Energy reports. U.S.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
Crude oil settles down as US Fed holds rates steady
Crude oil prices were little changed Wednesday after the U.S. Federal Reserve said the central bank will hold interest rates steady, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 18, 2019
Crude oil settles up on hopes trade talks resume
Crude oil prices domestically and worldwide rose more than $1 a barrel Tuesday after U.S. President Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Crude little changed as Opec+ cuts counter growth concerns
Crude oil prices were little changed Tuesday, continuing to be negatively impacted by concerns about a global economic slowdown that could lower crude demand, but supported by expectations Opec+ will extend its supply curbs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
US crude stockpiles surge 6.8 Mmbbl
U.S. commercial crude oil inventories surged 6.77 million barrels (Mmbbl) in the week ended May 31, the Energy Information Administration reported Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Crude oil plummets after US crude stockpiles surge
Crude oil prices plummeted Wednesday, with futures falling to their lowest since January, after the Energy Information Administration reported an unexpected surge in the nation’s crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Brent slips to 4-month low, as trade fears persist
Crude oil futures ended Monday’s trading session lower after unsettled trading, as Saudi comments indicated Opec+ would extend supply cuts supported prices, but concerns U.S.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
Crude plunges nearly 4%
Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Crude drops as trade war worries outweigh supply disruptions
Crude oil prices fell in roller coaster-like trading Wednesday, impacted by equity markets, as China signaled it’s prepared to raise the stakes in the trade war with the U.S., raising concerns such a situation could hurt demand.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Oil rises on Mideast tensions, supply cuts
Crude oil prices rose Monday, supported by Middle East tensions and Opec+ supply cuts, as well as continued crude disruptions from Russia after a pipeline contamination problem discovered last month, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Crude prices slip Friday, post weekly gains
Crude oil prices slipped Friday, but West Texas Intermediate and Brent both posted a weekly gain on rising concerns over more Middle East supply disruptions due to U.S.-Iran political tension, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
US, Brent crudes rise on Middle East tensions
Crude oil prices jumped as much as 2% Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Oil plummets 1+%, as U.S.-China trade war intensifies
Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Opec is ‘likely to collapse,’ Iran’s oil minister warns
Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Crude rises Friday, falls for the week
Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 26, 2019
Oil prices fall, pull back from 6-month highs
Crude oil prices dropped Thursday after trading in a tight price range much of the day, Kallanish Energy reports. Brent crude earlier topped $75 per barrel for the first time in nearly six months, as quality concerns stopped some Russian crude exports to Europe, and the U.S.- Joe Barone, Shale Directories
- Blog
- April 23, 2019
Oil surges after Trump says sanction waivers done
Crude oil prices surged Monday, hitting new 2019 highs, after the Trump administration announced all oil buyers will have to end imports from Iran, effective May 2, or be subject to U.S.- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Crude rises on Saudi export cuts and lower U.S. inventories
Crude oil prices were slightly higher Thursday, as a drop in crude exports from Saudi Arabia and a drawdown in U.S.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
WTI, Brent rise on tightening supply perception
Crude oil prices rose last Friday as involuntary supply cuts from Venezuela and Iran, plus conflict across Libya supported the possibility of a tightening crude market, while positive Chinese economic data eased concerns about falling crude demand.- Joe Barone, Shale Directories
- Blog
- April 12, 2019
Oil markets tightening due to U.S. sanctions: IEA
Crude oil markets are tightening, the International Energy Agency said Thursday, Kallanish Energy reports. The agency warned, however, an “extraordinarily” wide range of views about the health of the global economy was making it difficult to forecast oil prices.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
WTI, Brent crudes shrug off Trump’s Opec tweet
Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Crudes rise as supply cuts overcome economic worry
Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. crude inventories plunge on strong exports, refining demand
U.S. crude oil inventories last week fell by 9.6 million barrels (Mmbbl), the most in eight months, aided by strong export and refining demand, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Russia will be compliant with cuts within weeks
Russian energy minister Alexander Novak said Sunday his country will be fully compliant with Opec+ supply cuts over the coming weeks. “As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement (and) we stressed once again that Russia is discharging its obligations in accordance with the agreement to smoothly achieve the target output,” Novak told CNBC, in Baku, Azerbaijan.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Saudi minister says U.S., China driving oil demand
Saudi oil minister Khalid al-Falih said Sunday China and the U.S. would lead healthy global demand for oil this year, but it would be too early to change Opec+ output policy at the group’s April meeting, Reuters reported.- Joe Barone, Shale Directories
- Blog
- March 6, 2019
Crude oil settles mixed
Crude oil prices were mixed Tuesday as Opec-led efforts to tighten supply offset the restart of Libya’s biggest oilfield and possible weaker demand.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
Opec+ drains glut, mission accomplished by April: Goldman
Opec and its allies will probably achieve their goal of draining the crude oil glut while boosting prices by next month, according to Jeff Currie, global head of Commodities Research at Goldman Sachs.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
Crude rises on trade deal hopes, Opec supply cuts
Oil prices rose Monday from last week’s losses, boosted by reports the U.S. and China could soon reach a formal agreement to end a trade war that’s weighed against economic growth.- Joe Barone, Shale Directories
- Blog
- March 1, 2019
Opec rescued oil from ‘total collapse,’ U.S. prevented ‘major chaos’: Barkindo
Opec is responsible for saving the entire oil industry by curbing output, the cartel’s secretary general told CNBC — but the U.S.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
Crude oil surges as U.S. crude stocks dive
Crude oil prices jumped more than 1.75% Wednesday after U.S. government data showed an unexpected and sharp drop in U.S. crude inventories.- Joe Barone, Shale Directories
- Blog
- February 27, 2019
Opec ignoring pressure from Trump steadies crude price
Crude oil futures steadied Tuesday as it appears Opec is ignoring President Trump imploring the cartel not to raise prices. Prices slid Monday, after Trump tweeted Opec to hold back on raising prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2019
U.S., Brent crudes rise to new 2019 highs
Crude oil prices rose Wednesday, hitting their highest marks in 2019, on hopes the market will balance later this year. Crude futures were helped by output cuts from top oil producers, as well as U.S.- Joe Barone, Shale Directories
- Blog
- February 20, 2019
Crude mixed Tuesday, as demand worries weigh
Crude oil prices were mixed Tuesday, but managed to stay around 2019 highs, as concerns about global demand, coupled with uncertainty over the latest round of U.S.-China trade talks, countered investor optimism due to tightening supplies.- Joe Barone, Shale Directories
- Blog
- February 13, 2019
Crude rises as Saudis plan steeper oil supply cuts
Crude oil prices rose more than 1% Tuesday on steep Opec production cuts and Saudi Arabia’s plan to drop March crude output by more than 500,000 barrels per day below its pledged reduction.- Joe Barone, Shale Directories
- Blog
- February 6, 2019
U.S., Brent crudes fall as weak factory data feeds demand angst
Crude oil prices fell in roller coaster trading Tuesday, pulling back from two-month highs after weak U.S. factory orders data revved up economic slowdown worries.- Joe Barone, Shale Directories
- Business Information
- June 22, 2018