- 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
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- 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 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 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 15, 2019
Crude prices mixed as hope lingers for U.S.-China deal
Crude oil prices were mixed Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory tones, signaling a deal may be possible, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
NextDecade founder Eisbrenner dies at 58
Kathleen M. Eisbrenner, 58, founder and chairman of liquefied natural gas development company NextDecade Corp. died last week, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Chevron walking away from Anadarko, with $1B in its pocket
In a much expected move, oil supermajor Chevron said this morning it will not counter the higher bid made for Anadarko Petroleum by Occidental Petroleum, contrent to walk away from the deal with a $1 billion breakup fee, Kallanish Energy reports.- 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 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Occidental revises Anadarko bid, offers mostly cash
Occidental Petroleum, continues to tinker with its offer to buy Anadarko Petroleum, late Sunday putting a revised bid in front of the independent producer, offering mostly cash as it looks to wrest its prey from Chevron, 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.Baker Hughes delivers ‘solid’ 1st quarter
Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, 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
- May 2, 2019
Thousands of miles of O&G wells to be drilled over next 5 years
More than 1 million kilometers (621,371.192 miles) of new oil and gas wells will be drilled over the next five years, analytics/consulting firm Rystad Energy projects.- 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 25, 2019
Crude ends day mixed after big jump in U.S. inventories
Crude oil prices Wednesday ended the trading session near six-month highs after data showed U.S. inventories rose to the highest amount in 18 months, allaying concerns of tight supply resulting from Opec+ output cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- April 24, 2019
Sempra completes $2.5B sale of U.S. renewables, gas storage assets
Energy infrastructure company Sempra Energy has completed the sale of its U.S. renewables business and non-utility natural gas storage assets for roughly $2.5 billion in cash, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 24, 2019
Goldman not expecting oil to rally despite tightening sanctions
Goldman Sachs expects the U.S.’s decision to end exemptions from sanctions for eight countries still buying oil from Iran to have a limited impact on crude prices — even though the timing is likely to have caught energy market participants by surprise.- 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 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- 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
- April 5, 2019
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- 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 28, 2019
U.S. coal exports in 2018 highest in 5 years
While U.S. coal consumption has generally declined since its 2008 peak, the Energy Information Administration projects U.S. coal exports reached 116 million short tons (Mmst) in 2018 — the highest level in five years — based on foreign trade data collected by the U.S.- 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
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.- 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
Crude rises, supported by Opec supply cuts
Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Crude futures reach four-month highs
Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Crude falls Friday after anemic U.S. jobs report
Crude oil prices fell last Friday, but managed to recoup most of the losses after plunging on data that showed recent U.S.- 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 11, 2019
Apac to remain largest combined heat and power market
The Asia-Pacific (Apac) region is expected to remain the largest combined heat and power (Chp) market in the world due to increased capacity installations led by countries such as China, India and Japan, according to data/analytics company GlobalData.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Parker reorganization plan confirmed by court
Parker Drilling said late Thursday the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s amended joint Chapter 11 reorganization plan.- Joe Barone, Shale Directories
- Blog
- March 7, 2019
Crude oil prices mixed after U.S. crude inventories surge
Crude oil prices were mixed Wednesday, after government data showed a surge in weekly U.S. crude oil inventories, partly offset by a drop in the nation’s inventories of refined petroleum products.- 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
- March 1, 2019