- 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.- 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.- 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.- 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.- 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.- 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.- 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.- 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.- 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., Kallanish Energy reports.- 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.- 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.- 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.- 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.- Joe Barone, Shale Directories
- Blog
- October 16, 2019
Northeast natgas spot prices fall as lines fill
Natural gas flows out of the Northeast region into the rest of the U.S. averaged more than 16 billion cubic feet per day (Bcf/d) during September — between 1 Bcf/d and 2 Bcf/d more than in previous months, according to data from analytics firm Genscape.- 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. The National Iranian Oil Co.- 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 trade war, but a build in U.S.- Joe Barone, Shale Directories
- Blog
- October 9, 2019
US natgas production to rise in 2019, 2020: STEO
The Henry Hub natural gas spot price averaged $2.56 per million British thermal units (MMBtu) in September, up 34 cents/MMBtu from August, the first monthly price increase since March, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO).- 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).- Joe Barone, Shale Directories
- Blog
- October 8, 2019
Third-quarter energy sector activity drops: Dallas Fed
Third-quarter energy sector activity declined, according to the Federal Reserve Bank of Dallas quarterly energy survey, Kallanish Energy reports. The business activity index — the survey’s broadest measure of conditions facing 11th District energy companies — fell to -7.4 in the third quarter, from -0.6 in the second quarter.- 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.- 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.- 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.- 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.- 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.- 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.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
New Natural Gas Record for Power Generation Set
Tom Shepstone Natural Gas NOW … … A new natural gas record was recently set for use of this energy source in producing electric power that sustains our way of living in this nation, says EIA.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oil plummets on fears of global slowdown
Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Crude oil falls as US-China trade tensions impact
Crude oil prices fell slightly Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel due to growing trade tensions between China and the U.S., Kallanish Energy reports President Trump is vowing to impose new tariffs on Chinese imports, and China is retaliating by making further moves against U.S.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
Oil rises as US crude stocks fall, Fed cuts interest rates
Crude oil prices rose for a fifth day Wednesday following a larger-than-expected drop in U.S. inventories, and after the Federal Reserve cut U.S.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Crude rises on US stock decline, but manufacturing slowdown caps gains
Crude oil prices rose slightly Thursday amid Middle East tensions and a big fall in U.S. crude stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Oil falls despite big draw in inventories, Mideast tension
Crude oil prices fells Wednesday despite Energy Information Administration data showing a big draw in U.S. crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Crudes up more than 1% after Iran seizes British tanker
Brent and West Texas Intermediate crudes rose more than 1% Monday, as investors worried about possible supply disruptions in the Middle East after Iran’s seizure of a British tanker last week, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Crude oil slips after US fuel inventories grow
Crude oil futures fell Wednesday, extending a more than 3% drop in prices durting Tuesday’s session, after U.S. government data showed large builds in refined product stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2019
Oil drops after Pompeo says Iran ready to negotiate
Crude oil prices dropped more than $2.45 a barrel Tuesday, as President Trump said progress has been made with Iran, signaling tensions could ease in the Mideast, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
Wti crude climbs $1/Bbl in 2020: Steo
West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 5, 2019
Oil prices fall on slowing US demand, economic concerns
Crude oil prices fell Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy, 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 27, 2019
Crude oil prices jump after massive supply drop
Crude oil prices jumped Wednesday after the Energy Information Administration reported a massive, unexpected drop in U.S. inventories, Kallanish Energy reports.- 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 17, 2019
Crudes rise Friday on Iran tensions, but posts weekly loss
West Texas Intermediate and Brent crudes rose Friday after attacks on two oil tankers in the Gulf of Oman last week raised concerns about potential supply disruptions, 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.US line pipe prices sink again
U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
US, Brent crudes fall amid supply-cut uncertainty, US-China tariffs
Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Oil rallies with stocks after report US may delay Mexican tariffs
Crude oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report the Trump administration may delay Mexican import tariffs, Kallanish Energy reports.- 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 5, 2019
WTI, Brent crudes rise on Fed comments
Crude oil prices rose Tuesday, following a rally in global stock markets, with Brent crude recovering from a four-month low briefly touched earlier in the session, 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 29, 2019
US crude prices settle up due Midwest flooding
U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns.- 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 16, 2019
Oil rises as market shrugs off jump in US crude inventories
Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S.- 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
- May 2, 2019
Crude oil slips, as U.S. inventories jump
Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 26, 2019