- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Global growth fears, Fed comments weigh on crude
Crude oil prices slipped Thursday, as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- 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 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
- August 2, 2019
Oil plunges on Fed outlook, ample supply
Crude oil prices plunged Thursday for the first time in six days, after the U.S. Federal Reserve cooled hopes for a string of interest rate cuts, while rising 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 31, 2019
Crude rises on expectations of Fed rate cut, supply drawdown
Crude oil prices rose Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.- Joe Barone, Shale Directories
- Blog
- July 30, 2019
U.S. Lng exports to Europe rise as Asian demand falls
U.S. exports of liquefied natural gas reached a new peak of 4.7 billion cubic feet per day in May, according to the latest data from the 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 24, 2019
Petition calls for halt to plastics pollution to streams, oceans
A coalition of 270 community and conservation groups across the United States has filed a legal petition demanding that the U.S.- 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 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
- July 15, 2019
Iea expects new crude glut in 2020
The International Energy Agency said in its July report released Friday it expects a new glut of crude oil in 2020, 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
- July 5, 2019
Ensco Rowan plc changing its name to Valaris plc
Offshore drilling-rig and service provider Ensco Rowan plc this week said it’s changing its name to Valaris plc, effective July 31, 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
Rystad sees another decade of U.S. supply growth
The U.S. will account for almost 25% of global oil and gas production by the early 2030s, as the shale boom continues, according to the CEO of research/intelligence company Rystad Energy.- 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.- 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